Bitcoin futures are cooling off today after a strong rally on March 24, where price surged +4.38% intraday and closed the session up +3.31%. As of now, we’re seeing a healthy pullback of about -1.5%, with Bitcoin futures trading around $87,065.
This pause is typical after such momentum, and today’s price action is hovering just below key volume-weighted levels.
🔍 Key VWAP Levels to Watch
🔼 Bullish Scenario (Only if price crosses $87,800)
Bullish bias is triggered only if Bitcoin futures break and hold above $87,800. This would confirm strength and could open the path to the following upside targets:
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$88,385 – Just below the Point of Control (POC) from March 24
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$88,625 – Close to the March 7 POC
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$89,340 – Below the Value Area High (VAH) from March 7
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$90,790 – A more distant target, just under the March 3 VWAP
These targets allow bulls to scale out positions and reduce risk as price moves higher.
🔽 Bearish Scenario (Only if price breaks below $86,645)
If Bitcoin futures fall below $86,645, the bearish bias is activated. This level sits below a major support zone (March 7 VA Low), and if broken, may lead to:
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$86,170 – Above March 19 VAH
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$85,660 – Above March 14 VAH
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$85,270 – Above March 20 VWAP
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$84,020 – Above March 21 POC
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$82,210 – Confluence level near March 18 POC and March 13 VWAP
These zones can be used to lock in profits for bearish traders or guide stop placement.
⚖️ What to Watch Now:
The market is in a holding pattern between $86,645 and $87,800. Until one side takes control, price may consolidate or whipsaw. This makes it critical to wait for confirmation at these thresholds before committing to a direction.
This structure also helps answer today’s key question:
➡️ Is the rally from March 11 still building toward $90K?
⬅️ Or will we see a retracement toward deeper support?
📌 tradeCompass Insight for Bitcoin Traders
Use this analysis as your decision support tool. Watch how price reacts around the bullish and bearish triggers—it tells you where the momentum is shifting. tradeCompass offers both bull and bear scenarios so you’re ready either way.
Set partial profit targets, avoid chasing, and remember:
Price action at key levels reveals the real story. Visit ForexLive.com for additional views.
