Bitcoin(BTC) recently broke through the 127.05 million KRW mark, once again showing a strong upward momentum. In the past 24 hours, it has increased by 1.02%, and the possibility of breaking through 130 million KRW before the end of the year has increased. Technical analysis indicates that the current resistance level is 130 million KRW. If this level is broken, the highest possible increase is expected to reach 140 million KRW.
Currently, Bitcoin is attempting to rebound within the support zone of the downward channel. However, if it fails to hold the 100 million KRW support line, a short-term correction is also quite possible. Experts emphasize the need for risk management based on resistance and support levels.
Ethereum(ETH) rose 0.48% to 4.24 million KRW, while Ripple(XRP) fell 0.32% to 2,669 KRW. Solana(SOL) is trading at 175,000 KRW, demonstrating strong upward momentum. Especially, Solana is attracting investor attention through ecosystem expansion.
This week, Bitcoin options are about to expire, which could significantly increase short-term market volatility. Options expiration days are usually accompanied by increased trading volume and price volatility. Short-term investors should develop corresponding strategies.
Market experts point out: “Bitcoin is currently approaching the key technical resistance at 130 million KRW. If successfully broken through, it will strengthen the upward trend,” and also advise “to be cautious of market volatility triggered by short-term events such as options expiration.”
Investors should check their positions based on support and resistance zones on the chart. While the upward trend continues, short-term corrections cannot be ruled out, and caution is needed.
TokenPost AI Notice
This article uses the TokenPost.ai language model for summarization, which may omit key content or be inconsistent with facts.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTQ Launches Quantum-Resistant Bitcoin Testnet With BIP 360
BTQ Technologies has launched the first working implementation of BIP 360 on its Bitcoin Quantum testnet. The update allows developers to test quantum-resistant bitcoin transactions in a live environment.
Bitcoin Quantum Testnet Debuts BIP 360 Implementation
BTQ Technologies has introduced Bitco
Coinpedia12m ago
Here is why Bitcoin Cash traders should watch for this buy signal
Bitcoin Cash (BCH) remains above the crucial support level of 440 USD. Current market indicators show mixed signals, yet BCH's price action reflects positive momentum influenced by Bitcoin (BTC). Short-term trading opportunities arise, but long-term trends also need consideration for a robust strategy.
TapChiBitcoin39m ago
Bitcoin fell nearly 5% this week, with traditional markets like the S&P 500 experiencing synchronized pressure
Affected by the U.S.-Israel-Iran conflict, Bitcoin fell nearly 5% this week. The S&P 500, Dow Jones, Nasdaq, and gold all declined in sync, while crude oil rose 7.3%. Over the past three months, the S&P 500 and Nasdaq ETFs saw $64 billion in outflows, reaching historic highs. Bitcoin's net realized profits once accelerated but subsequently fell below $70,000.
GateNews46m ago
Bitcoin Whale Address Sells Over 42,000 BTC Twice in March, MSTR Subsequently Buys 22,000 BTC
Crypto analyst Murphy reviewed Bitcoin's recent capital flows, noting that whale addresses sold over 45,000 BTC each during BTC price rebounds, with some positions experiencing significant losses. Meanwhile, MicroStrategy purchased 22,337 BTC on March 17.
GateNews46m ago
Bitdeer maintains zero positions, with mining output and sales volume both at 126.3 BTC this week
Gate News reported that on March 21, Nasdaq-listed Bitcoin mining company Bitdeer published its latest Bitcoin holdings data on the X platform, maintaining zero Bitcoin holdings. As of the week ending March 20, its Bitcoin mining output was 126.3 BTC, with sales of 126.3 BTC during the same period.
GateNews1h ago
