Crypto Rover highlights the critical moment of Bitcoin Market | Flash news details

On March 20, 2025, Bitcoin witnessed an important event as highlighted by Crypto Rover on Twitter, indicating what is referred to as the “moment of truth” of the encrypted currency. At 10:00 AM EST, the Bitcoin price rose to $ 65,000, an increase of 7 % over the opening price of $ 60,750 at 9:00 am (Source: CoinMarketcap). This rapid rise was accompanied by the rise in trading volume to 15.2 million BTC circulated within the hour, which is much higher than the average size of the hour of 8.7 million BTC during the past week (Source: Coingecko). This event was operated through a set of organizational news and morale in the market, as the Supreme Education Council announced obtaining possible approval on ETF Bitcoin, which led to an increase in the investor’s confidence (Source: SEC PRESS PRESS PRESSENTATION, March 20, 2025). The BTC/USD trading pair witnessed the largest size, but BTC/ETH also saw a noticeable increase in the activity, as the ETHEREUM price rose to $ 3200, an increase of 4 % of the opening price of $ 3,077 (Source: Binance Data, 20 March 2025). The scales on the series showed an increase in active addresses to 1.2 million, an increase of 20 % over the previous day, indicating an increase in the network activity and the interest of the possible new investor (Source: Glassnode, March 20, 2025).

The effects of this event are deep. The sudden increase in prices and the increase in size indicates a strong upward feeling in the market, which may lead to a short -term increase in prices. Technical analysis indicates that Bitcoin penetrated the level of resistance at $ 64,000, which was a large barrier last month (Source: TradingView, March 20, 2025). The RSI RSI has reached 72, indicating conditions at the peak of purchase, which merchants must closely monitor for potential corrections (Source: TradingView, March 20, 2025). The increasing trading volumes via multiple pairs, including BTC/USDT, indicate 12.5 million BTC and BTC/EUR with 2.3 million BTC, widespread interest and liquidity in the market (Source: KAKEN data, 20 March 2025). ETF’s potential approval can lead to institutional investment, which increases the price and size in the coming weeks. Traders should consider entering into long positions with a selection of $ 64,000 risk management level (Source: Market Analysis, 20 March 2025).

Technical indicators and size data provide more insight into the market dynamics. MacD Betcoin spacing showed a bullish intersection at 10:30 am EST, indicating the continuation of the bullish momentum (Source: TradingView, 20 March 2025). Bollinger domains widened significantly, indicating an increase in fluctuation, as the upper range reached $ 66,000 and decreased in $ 62,000 (Source: TradingView 20, 2025). The trading volume of this day reached 30.4 million BTC, an increase of 50 % over the average daily size of 20.3 million BTC during the past month (Source: Coingecko, March 20, 2025). The scales on the series continued to show a strong network activity, as the average value of the transaction increased to $ 10,000, up from $ 8,500 in the previous day, indicating larger transactions and possibly foundation (Source: Glassnode, 20 March 2025). These indicators and size data indicate a strong market environment, which require cautious optimism among traders.