Bitcoin (BTC) price is expected to rise to $89,000 or hit the lower support at $69,000, according to crypto analyst Matthew Hyland.

據加密分析師馬修·海蘭德（Matthew Hyland）稱，比特幣（BTC）的價格預計將上漲至89,000美元，或以69,000美元的價格達到較低的支持。

In a recent video posted to X, previously known as Twitter, Hyland said that if Bitcoin fails to close above $89,000 on the weekly chart, it will likely fall to the $74,000 to $69,000 range.

Hyland在最近發布給X的最新視頻中說，如果比特幣在每週圖表上未能關閉89,000美元以上，則可能會降至74,000美元至69,000美元。

"We’re going to have to get a weekly close above $89,000 for this bottom to hold," Hyland said.

海蘭德說：“我們將不得不每週收到一個超過89,000美元的底部才能持有。”

If Bitcoin does move above $89,000, it will liquidate roughly $1.60 billion in short positions, according to data from CoinGlass.

根據Coinglass的數據，如果比特幣確實提高了89,000美元以上，它將在短期內清算約1600億美元。

Bitcoin price chart

比特幣價格圖

As of Wednesday, March 13, BTC is trading at $83,754. The price is currently above the 200-day simple moving average of $83,754, which may indicate that the bulls are attempting a comeback.

截至3月13日，截至3月13日，BTC的交易價格為83,754美元。該價格目前高於200天簡單的移動平均值83,754美元，這可能表明公牛隊正在捲土重來。

The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels. However, if the price turns down from the current level, it will signal a continuation of the bear market.

熊未能利用200天SMA以下的下降，這表明出售的銷售在較低的水平上乾燥。但是，如果價格與當前水平降低，它將標誌著熊市的延續。

The crucial support to watch out for is at $73,777, which is expected to be defended fiercely by buyers. A drop below this level may pull the BTC/USDT pair to $67,000.

要注意的至關重要的支持為73,777美元，預計將由買家對此進行辯護。低於此水平的下降可能會將BTC/USDT對提高到67,000美元。

On the other hand, if the buyers manage to drive the price above the 20-day exponential moving average of $86,717, it will signal that the break below the 200-day SMA may have been a bear trap. The BTC/USDT pair could rise to the 50-day SMA of $93,876 and, after that, to the $100,000 psychological barrier.

另一方面，如果買家設法將價格提高到20天的指數移動平均值86,717美元以上，則表明低於200天SMA的中斷可能是熊陷阱。 BTC/USDT對可能會升至50天的SMA $ 93,876，此後，達到了100,000美元的心理障礙。