{"id":13956,"date":"2025-03-15T11:11:37","date_gmt":"2025-03-15T11:11:37","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=13956"},"modified":"2025-03-15T11:11:40","modified_gmt":"2025-03-15T11:11:40","slug":"bitcoin-surges-past-84k-as-bulls-battle-key-resistance-sol-and-link-lead-gains","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/bitcoin-surges-past-84k-as-bulls-battle-key-resistance-sol-and-link-lead-gains\/","title":{"rendered":"Bitcoin Surges Past $84K as Bulls Battle Key Resistance; SOL and LINK Lead Gains"},"content":{"rendered":"\n<p>Bitcoin (BTC) has climbed above $84,000, rebounding strongly alongside traditional risk assets. The move pushed BTC above its 200-day moving average, a crucial level for long-term market trends. Meanwhile, Solana (SOL), Chainlink (LINK), and SUI led the broader market rally.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-crypto-and-stock-markets-rebound\">Crypto and Stock Markets Rebound<\/h3>\n\n\n\n<p>The renewed risk appetite lifted not only cryptocurrencies but also traditional markets. The S&amp;P 500 gained 1.7%, while the Nasdaq surged 2.3%. Gold, which recently hit an all-time high above $3,000, pulled back slightly.<\/p>\n\n\n\n<p>BTC briefly touched $85,000 before settling around $84,400, marking a 4.7% gain in 24 hours. Analysts suggest the bounce could signal a more stable base for cryptocurrencies following recent drawdowns.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-impact-of-leveraged-liquidations\">Impact of Leveraged Liquidations<\/h3>\n\n\n\n<p>According to Paul Howard, senior director at crypto trading firm Wincent, over $2.6 billion in leveraged crypto positions have been liquidated in the past week, primarily long positions. This flush-out of excessive leverage has left the market on healthier footing.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\" id=\"h-can-btc-hold-above-the-200-day-moving-average\">Can BTC Hold Above the 200-Day Moving Average?<\/h3>\n\n\n\n<p>The rally propelled BTC back above its 200-day moving average, currently at $83,767. This benchmark often acts as support in a bull market, while a failure to hold above it could indicate further downside risk.<\/p>\n\n\n\n<p>If Bitcoin closes the day above this level, it could bolster bullish sentiment and suggest the worst of the correction is over. However, failing to maintain support may signal a deeper pullback.<\/p>\n\n\n\n<p>Cross-asset trader Bob Loukas remains optimistic, stating that both BTC and stocks have room to run. &#8220;Feels like we should be close to the end of panic, at least for now,&#8221; he noted, suggesting a recovery phase could last for a few weeks before the market reassesses.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (BTC) has climbed above $84,000, rebounding strongly alongside traditional risk assets. The move pushed BTC above its 200-day moving average, a crucial level for long-term market trends. Meanwhile, Solana (SOL), Chainlink (LINK), and SUI led the broader market rally. Crypto and Stock Markets Rebound The renewed risk appetite lifted not only cryptocurrencies but also [&hellip;]<\/p>\n","protected":false},"author":18,"featured_media":6321,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[257,2,18],"tags":[],"class_list":{"0":"post-13956","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin","8":"category-featured","9":"category-market-updates"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Bitcoin Surges Past $84K as Bulls Battle Key Resistance; SOL and LINK Lead Gains<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) has climbed above $84,000, rebounding strongly alongside traditional risk assets. 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