Bitunix Analyst: BTC Faces Short-Term Resistance and Should Avoid Chasing Highs, Long-Term Investors Can DCA in the $75K-$78K Range

BlockBeats News, March 15th, Bitcoin has risen by 2.913% in the past 24 hours, with the current price at $84,142. However, a decline in consumer confidence may signal a weakening economic activity, which could impact the demand for risk assets like Bitcoin.

Analyst Advice: The BTC price encountered resistance between $84,000 and $85,000, successfully holding the key support level at $75,000. If it can break through the $85,000 mark, it may further advance towards $90,000. Investors should closely monitor market liquidity and institutional fund flows, long-term investors may consider gradually building positions when BTC retraces to the $75,000-$78,000 range, which has strong support.