2026-03-12 07:03:33

3.12 Bitcoin Afternoon Analysis

Bitcoin pulled back from the high of 71,286, which is a strong shakeout. The short-term pullback to the MA7 moving average is a typical consolidation move. The KDJ indicator is about to cross upward from the oversold zone, indicating that the bearish momentum is exhausted. This pullback presents a good opportunity for low-level buying.

The geopolitical conflicts in Iran and the Middle East continue, and global risk aversion sentiment is rising. Funds are shifting from traditional safe havens to digital gold. As the core asset, Bitcoin is receiving substantial buying interest, and selling pressure has been fully released.

After rising from 60,000 to over 70,000, the foundation of the bull market is solid. This correction is a healthy consolidation, not a trend reversal. Once the shakeout ends, the price is expected to resume its upward movement and reach new highs.

Trading Strategy

Buy on the pullback around 68,200–69,000, with targets of 70,900–71,700. Breakouts could lead to new highs.

BTC-0,34%

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