Key Bitcoin Price Levels to Watch in March: Support at $54.6K, Resistance from $71.6K to $100.8K
CryptoQuant analyst Burak Kesmeci identifies key Bitcoin price levels traders should watch in March. The realized price — the average cost basis of all circulating BTC — sits near $54,600 and acts as a major long-term support. Short-term resistance zones include the 1–4 week realized price at about $71,600 (recent buyers’ average), the Short-Term Holder Realized Price (STH RP) near $90,800 (holders <155 days), the 365-day simple moving average at ~$98,900, and the 3–6 month realized price around $100,800. Bitcoin struggled to hold above $70K in February, peaking near $71K before reversals; at the time of reporting BTC traded near $63,696, down ~5% in 24 hours. Traders should view $54.6K as critical support — a break below could signal deeper weakness — while clearing the STH RP and the 365-day SMA would be needed to assert a bullish trend. Primary keywords: Bitcoin, Bitcoin price, realized price; secondary keywords: resistance levels, short-term holder realized price, 365-day SMA, CryptoQuant.
Neutral
The article is primarily analytical, mapping support and resistance levels rather than reporting a market-moving event. Realized price at ~$54.6K is highlighted as a strong long-term support; short-term resistances cluster between ~$71.6K and ~$100.8K. This framing suggests market caution: if BTC holds above the realized price, structural strength remains, which is neutral-to-slightly-bullish. Conversely, failure to reclaim and hold above the STH RP (~$90.8K) and the 365-day SMA (~$98.9K) keeps the market in a bearish regime. Historically, realized price regions have acted as durable support during bear phases, and reclaiming higher realized-price clusters has preceded multi-month recoveries (e.g., post-2018 bottom and 2022–2023 recoveries). Short-term traders may see range-bound opportunities: buy dips toward realized-price support with tight stops, and treat the 71.6K–100.8K zones as supply areas to trim longs or wait for a decisive breakout. Long-term investors should watch for a sustained break above the STH RP and 365-day SMA to consider a trend shift. Overall impact: neutral because the piece does not announce new catalysts (ETF flows, macro shocks, on-chain anomalies) but provides levels that will influence trader behavior and volatility.