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13.03.2025 05:13 AM
Bitcoin Forecast for March 13, 2025

It seems that on March 11, the price established a new low, which is unlikely to be revisited in the near future, as a convergence with the Marlin oscillator has formed.

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Currently, the price is rising due to a renewed appetite for risk, approaching the significant resistance level of 90,873—the low from November 26, 2024. The price reversed near this level on December 6 of last year and again on February 3 of this year. If there is a breakout and consolidation above this level, it could lead to further growth toward 94,966, potentially targeting the MACD line.

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On the H4 chart, the price has settled above the MACD line, and the Marlin indicator has consolidated within the uptrend territory. The short-term outlook appears bullish, and we hope this trend will strengthen into a medium-term movement.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2025
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