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Bitcoin took another blow on March 10, retreating below $82,000 and sending jitters across the crypto market. The latest loss in value for the world’s top digital asset comes after weeks of decent gains. Traders at the moment are unsure if this is just a temporary hiccup, or the start of a more significant correction. Related Reading: Could Cardano Be The Next Big Crypto Winner? Analyst Points To $2 Target Important Levels To Monitor Arthur Hayes, the chief investment officer at Maelstrom and co-founder of BitMEX, anticipates that Bitcoin may encounter resistance at $78,000. He describes Bitcoin’s dismal showing as an “ugly start” to the week. Hayes suggests that the next significant support zone could be approximately $75,000 if the price of Bitcoin fails to normalize above this level. An ugly start to the week. Looks like $BTC will retest $78k. If it fails, $75k is next in the crosshairs. There are a lot of options OI struck $70-$75k, if we get into that range it will be violent. pic.twitter.com/q4cq0rthGJ — Arthur Hayes (@CryptoHayes) March 9, 2025 Investors have voiced concerns about the drop, especially those who have just joined the market. The market analysis firm 10x Research described the dip as a “classic correction”. The company also disclosed that traders who bought the coin in the last 12 weeks were responsible for about 70% of the selling pressure. New investors’ panic selling may make volatility worse. Status: Extreme Fear Sentiment has changed rather dramatically. Reaching a reading of 20, the Bitcoin fear and Greed Index measures market mood and shows that it has dropped into “extreme fear.” This stands in sharp contrast to the past few weeks, when optimism was high. A low rating like this usually suggests that traders are jittery, which could cause more short-term price swings. Data shows, meantime, that a good majority of Bitcoin options fall between $70,000 and $75,000. As Bitcoin approaches these levels, traders could change their positions, which would generate more volatility. Upcoming Inflation Data May Impact Prices The forthcoming US inflation report has the potential to significantly influence Bitcoin’s subsequent course of action. Investors are closely keeping tabs of the US Federal Reserve’s monetary policy, as any indication of tighter or loosened financial conditions could potentially impact the price route of Bitcoin. A surge in inflation that exceeds expectations could potentially increase the likelihood of additional rate rises, which could exert pressure on risk assets and Bitcoin. Conversely, a decrease in inflation could potentially alleviate market volatility and promote stability. Related Reading: Bitcoin Slides After Trump Signs Strategic Reserve Executive Order The Road Ahead For The Crypto At the time of writing, traders are intently monitoring $78,000. A successful sustain above this level could potentially bolster confidence, while a break below it could result in additional losses. Sharp movements such as these are becoming increasingly prevalent as Bitcoin continues to develop as an asset. Featured image from Gemini Imagen, chart from TradingView

Bitcoin price started a fresh decline from the $92,000 zone. BTC is back below $85,500 and might continue to move down below $80,000. Bitcoin started a fresh decline below the $85,000 zone. The price is trading below $85,000 and the 100 hourly Simple moving average. There is a short-term bearish trend line forming with resistance at $83,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to clear the $80,000 resistance zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline below the $88,000 level. BTC traded below the $86,000 and $85,000 support levels. Finally, the price tested the $80,000 support zone. A low was formed at $80,006 and the price recently started a recovery wave. There was a move above the $80,500 and $81,200 resistance levels. The bulls pushed the price toward the 23.6% Fib retracement level of the downward move from the $91,060 swing high to the $80,006 low. Bitcoin price is now trading below $85,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $82,700 level. The first key resistance is near the $83,000 level. There is also a short-term bearish trend line forming with resistance at $83,200 on the hourly chart of the BTC/USD pair. The next key resistance could be $85,000. It is near the 50% Fib retracement level of the downward move from the $91,060 swing high to the $80,006 low. A close above the $85,000 resistance might send the price further higher. In the stated case, the price could rise and test the $87,500 resistance level. Any more gains might send the price toward the $90,000 level or even $96,200. Another Decline In BTC? If Bitcoin fails to rise above the $83,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $81,000 level. The first major support is near the $80,200 level. The next support is now near the $80,000 zone. Any more losses might send the price toward the $78,000 support in the near term. The main support sits at $75,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $80,000, followed by $78,000. Major Resistance Levels – $83,000 and $85,000.

Bitcoin has extended its decline below $90,000 as on-chain data shows whales selling off in massive amounts. This price decline comes amidst the otherwise bullish news of Donald Trump signing an executive order for a Strategic Bitcoin Reserve (SBR). The lack of bullish momentum despite this has brought into play the possibility of an extended bearish move from here.  A well-known crypto analyst, Doctor Profit, has raised alarms about an impending major correction in Bitcoin’s price. In a detailed post on social media platform X, he outlined his reasons for this shift, arguing that the current market conditions signal the start of the first large Bitcoin correction of this cycle. Strategic Bitcoin Reserve: A Misinterpreted Narrative? Popular crypto analyst Doctor Profit revealed that he is selling a significant portion of his holdings and entering short positions. Notably, the analyst pointed to the recent news surrounding the Strategic Bitcoin Reserve as a key factor that led him to reevaluate his bullish stance. He emphasized that while retail investors see this as a game-changing development, large players and whale investors have already priced in the impact.  Related Reading: Legendary Analyst Peter Brandt Lists 6 Reasons Bitcoin Has Flipped Bullish Many crypto investors expected an accumulation of Bitcoin by the US government in order to strengthen the reserve. However, instead of the expected ensuing buying pressure on Bitcoin, the executive order focused on Bitcoin confiscated from previous seizures, which left bullish investors underwhelmed.  According to Doctor Profit, the decision to sign off on this policy earlier than anticipated signaled a shift in market dynamics. His expectation was that this move would materialize months later, allowing Bitcoin’s price to sustain upward momentum before the first significant correction. Instead, he now sees this as the primer for a long-term decline. Is This The Beginning Of Bitcoin’s First Big Correction? Price Levels To Warch Doctor Profit firmly believes that Bitcoin has yet to experience a proper correction in this cycle, noting bull market trends where the asset has seen at least one 40-50% drop before reaching new all-time highs. He sees the recent developments as the final push before a 40% to 50% decline. As such, the analyst noted that this is the ideal window for distributing sell orders and entering short positions. Related Reading: Inverse Head And Shoulders Breakout Suggests Bitcoin Price Is Headed To $300,000 His outlook suggests a retracement to as low as $50,000–$60,000 before Bitcoin resumes its long-term bullish trajectory. Breaking down his trading strategy, he disclosed that he has already sold 50% of his Bitcoin holdings, which he accumulated at $16,000. He has placed short orders within the $90,000–$102,000 range, with target profits set at $74,000 for the first take-profit level, followed by a complete exit in the $50,000–$60,000 region and a full buyback to double holdings. Despite his short-term bearish outlook, the analyst maintains that Bitcoin will eventually rally to new highs in the $120,000–$130,000 range.  At the time of writing, Bitcoin is trading at $86,530. Featured image from Unsplash, chart from Tradingview.com

Bitcoin is making an effort to stage a comeback after dipping to $85,211, but a lack of strong momentum is casting doubt on the recovery. While buyers are attempting to regain control, technical indicators suggest that bullish strength remains fragile, raising concerns about whether BTC can sustain its rebound or face another pullback. With key resistance levels ahead and market sentiment still uncertain, Bitcoin’s next move remains unpredictable. If buyers fail to build enough momentum, BTC could struggle to push higher, leaving it vulnerable to renewed selling pressure.  Bitcoin Tries To Bounce Back BTC’s current price action indicates that bulls are making an effort to stage a rebound from the $85,211 support level after a sharp decline. This attempt follows a period of strong bearish pressure, which intensified when Bitcoin faced heavy resistance at $93,257 and failed to move upward.   Related Reading: Bitcoin Price Attempts a Comeback—Is a Recovery Rally on the Horizon? Despite some signs of stabilization, technical indicators suggest that bullish momentum remains weak. The lack of strong buying pressure raises concerns about whether BTC can maintain its current attempt at a rebound or if another downturn is imminent. Additionally, the price remains below the 100-day Simple Moving Average (SMA), signaling that bears still dominate the market. Furthermore, the MACD line and the signal line are edging lower, hinting at a possible decline in bullish momentum. If both lines continue downward and cross into negative territory, it could signal a shift in trend favoring the bears. This weakening performance suggests that buying pressure is not strong enough to sustain a meaningful recovery, increasing the risk of further downside.  A confirmed bearish crossover might reinforce selling dominance, making it difficult for BTC to regain an uptrend. For the bulls to regain control, a surge in buying activity is needed to push the MACD indicators back into a positive trend. Traders should watch key support and resistance levels closely for confirmation of the next trend direction Potential Scenarios: Rebound Or Another Leg Down? If bulls successfully defend the $85,211 support level, Bitcoin could stage a relief rally, driving prices toward the immediate resistance at $93,257. A decisive break above this critical level could open the door for a stronger bullish push, propelling BTC toward $100,000. Such a move would restore market confidence and attract more buyers, increasing the likelihood of continued upside expansion. Related Reading: Bitcoin Reclaims $90K But This Indicator Signals Possible Consolidation Phase However, once Bitcoin fails to gain momentum, a drop below $85,211 may accelerate losses. In this case, BTC might test lower support levels, possibly around $73,919 or even $65,082, before finding stability. Featured image from Unsplash, chart from Tradingview.com

The recent Bitcoin price crash below $90,000 came as a shock to the broader crypto community, especially amid expectations of a continued bull market rally. Despite the volatility and ongoing declines, a crypto analyst projects an even greater crash, suggesting that Bitcoin could fall as low as $63,000 if a certain resistance level holds.  TradingView crypto analyst Alixjey has declared that the Bitcoin price must break past $99,500 to continue moving higher. He highlights that if this resistance holds and Bitcoin fails to break it, the pioneer cryptocurrency will likely face a steeper price decline to new lows of $63,000. The last time Bitcoin was around the $60,000 range was during its massive price rally in 2024 after the launch of Spot Bitcoin ETFs. Considering that Bitcoin has risen as high as $104,000 at one point this year, a crash toward $60,000 would be a devastating blow to investors and its market.  Bitcoin Price Crash Imminent  The TradingView analyst shared a chart suggesting that Bitcoin could rise as high as $106,000 or drop toward the $60,000 to $65,000 range if it fails to break resistance. This price drop is highlighted as a strong buying and accumulation opportunity for long-term investors, as it presents a low entry point into the market. Related Reading: Bitcoin 77% Correction To $25,000, Will History Repeat Itself  During its price highs, many retail investors were likely unable to buy Bitcoin due to its increasing cost. Most accumulations were from whales who had purchased millions of dollars worth of Bitcoin in one swoop.  Alixjey has also labeled his projected $60,000 – $65,000 downturn as the last chance to re-enter the Bitcoin market, emphasizing that it was a prime HODLing point for potential profits in Q3 and Q4 of 2025. This implies that the analyst anticipates a price rebound in Bitcoin later in the year.  Moving on, the TradingView expert highlighted two liquidity levels in the 4-hour timeframe that are likely to be cleared soon. He also acknowledged that he was solely bearish on Bitcoin’s price outlook, indicating that his projected short-term pullback will not be invalidated unless the cryptocurrency crosses the resistance between $94,000 and $98,000. Other factors that could contribute to Bitcoin’s already heightened volatility are the Non-Farm Payroll (NFP) data. AlixJey predicts that once released, this data could lead to high volatility in both stocks and crypto. He urges investors and traders to be cautious, as major economic reports often influence market movements.  Analyst Sees Upside Potential After BTC Crashes Due to Bitcoin’s recent declines, many analysts have shared bearish projections of the cryptocurrency, expecting a severe price correction before a potential recovery. One such analyst is Herbert Sim, the Chief Marketing Officer (CMO) of AICean. Related Reading: Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad? Sim projects that Bitcoin will crash to new lows, especially with the recent approval of a crypto reserve in the United States (US). He expects a crash to $40,000 but highlights that it will be short-lived, spanning from weeks, months, and possibly years. However, the AICean CMO suggested that investors who can HODL for the long-term are likely to see more profits once BTC rebounds from bearish trends. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin price started a recovery wave from the $85,000 zone. BTC is back above $87,500 and might struggle to clear the $92,000 resistance zone. Bitcoin started a fresh upward move from the $85,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $89,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to clear the $92,000 resistance zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline below the $90,000 level. BTC traded below the $88,000 and $87,000 support levels. Finally, the price tested the $85,000 support zone. A low was formed at $84,665 and the price recently started a recovery wave. There was a move above the $86,000 and $87,000 resistance levels. The bulls pushed the price toward the 50% Fib retracement level of the downward move from the $92,741 swing high to the $84,665 low. Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $88,700 level. The first key resistance is near the $90,000 level. There is also a short-term contracting triangle forming with resistance at $89,650 on the hourly chart of the BTC/USD pair. It is close to the 61.8% Fib retracement level of the downward move from the $92,741 swing high to the $84,665 low. The next key resistance could be $92,000. A close above the $92,000 resistance might send the price further higher. In the stated case, the price could rise and test the $93,500 resistance level. Any more gains might send the price toward the $95,000 level or even $96,200. Another Decline In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $87,000 level. The first major support is near the $86,200 level. The next support is now near the $85,000 zone. Any more losses might send the price toward the $82,000 support in the near term. The main support sits at $80,000. Technical indicators: Hourly MACD – The MACD is now losing pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $87,000, followed by $85,000. Major Resistance Levels – $90,000 and $92,000.

Bitcoin took center stage again as Mt. Gox moved 12,000 BTC, valued at over $1 billion, to an unknown wallet. This occurs at a time when Bitcoin is trading at approximately $92,000, a level that has caused market volatility. The actions of the defunct exchange have sparked debate regarding whether this movement indicates imminent creditor repayments or something else entirely. Related Reading: Billionaire Warns Of Financial Turmoil—Will Bitcoin Save Investors? Large Bitcoin Transfer Raises Eyebrows Mt. Gox collapsed in 2014 following a major attack, and for years it has been in the process of reimbursing debtors. Regarding the trade, the movement of 12,000 BTC represents among the most important events in recent history. While some people think it may be a big step toward the much-needed repayments, others worry about the possible market pressure a big sell-off could generate. On March 6, Arkham Intelligence reported that a Mt. Gox-linked wallet, “1PuQB,” moved 12,000 BTC, with 11,834 BTC (over $1 billion) sent to an unidentified wallet, “1Mo1n,” and 166.5 BTC ($15 million) transferred to Mt. Gox’s cold wallet, “1Jbez.” ARKHAM ALERT: MT GOX MOVING $1B $BTC pic.twitter.com/VpIkHdJQkl — Arkham (@arkham) March 6, 2025 This marks the first major transaction since January, when smaller amounts were shuffled between its cold wallets. Mt. Gox-linked wallets still hold approximately 36,080 BTC, valued at $3.26 billion, according to Arkham. Such a large volume of Bitcoin movement historically has caused market volatility to rise. Investors are closely monitoring the possible sale in great numbers or redistribution of these monies to creditors. Although the recent surge in Bitcoin shows strong buying demand, this latest movement – if its a sell – could trigger a price dip, Bitcoin Price Remains Stable At Or Above $90,000 Bitcoin is strong and is currently trading at about $91,680 despite the uncertainty. The market’s lackluster reaction to the transfer thus far may suggest that investors are “cool” about the most recent activity from the now-defunct exchange. Similar huge transactions have previously resulted in brief declines, but the price of Bitcoin has continued to rise. Creditors Await Further Updates Mt. Gox’s creditors have been waiting years for their money to come back. Payback has been slow and marked by delays. Although this most recent transaction shows that development is happening, it is still unknown when or how the creditors will get their Bitcoin. Many hope that restitution will be handled smoothly so that it minimizes disturbance of the market. However, until official announcements are made, speculation will continue. The crypto community remains watchful for any updates that might clarify the exchange’s next steps. Related Reading: Bitcoin ‘Won’t Stop At $150K’ This Year, Research Firm Chief Says What Next For Bitcoin Meanwhile, any information regarding Mt. Gox’s forthcoming actions could potentially influence the coin’s short-term price action. Investors and analysts will be monitoring the transferred BTC for indications of heavy selling activity. Featured image from Gemini Imagen, chart from TradingView

Crypto analyst Master Ananda has asserted that the bottom is in for the Bitcoin price following its massive crash below $80,000 last week. In line with this, the analyst revealed what to expect next from the flagship crypto.  Bitcoin Price Action Shows Bottom Is In  In a TradingView post, Master Ananda claimed that the bottom is in based on the current Bitcoin price action. He stated that last week’s drop, touch-and-go, is the perfect bottom signal. The analyst further remarked that $78,300 can be taken as the bottom, which represents a 28% decline from BTC’s all-time high (ATH) of $109,000.  Related Reading: Bitcoin Flag Pole Pattern Puts Price At $120,000, Analyst Explains The Roadmap Master Ananda also noted that this was a classic retrace, as there always is one after a strong bullish breakout. He explained that this classic retrace is good for the Bitcoin price because the flagship crypto will take its time to build up strength. The analyst added that taking time to grow is good, and is the only way it can work if BTC is to move higher in the long term. Meanwhile, as to what is next for the Bitcoin price, the crypto analyst stated that on average, daily price increases of $500 or $800 can reveal how long it will take to reach higher prices and higher levels in the coming months. Master Ananda then suggested that the flagship crypto could reach $200,000 next month.  Master Ananada then advised market participants to buy and hold seeing as the low is in for the Bitcoin price. He added that the market is giving a second opportunity, as market participants have the chance to buy at relatively low prices. The crypto analyst also mentioned that BTC is in an accumulation phase and asserted that it will go up and continue to grow in the long-term.  BTC Regaining Momentum Crypto analyst Titan of Crypto also affirmed that the Bitcoin price is regaining momentum. He noted that BTC has reacted strongly to the Kijun acting as support on the weekly chart. The analyst added that a weekly close above the Tenkan at around $94,000 would confirm a shift in momentum and reinforce the bullish case for the flagship crypto.  Related Reading: Bitcoin Price At The End Of The Bull Market? Analyst Shows Where We Are In The Cycle Meanwhile, in another X post, the analyst asserted that the Bitcoin bull market is still on. He claimed that there was no bear market in sight according to the Supertrend indicator. As such, the analyst believes that it is not yet time to be bearish. His accompanying chart suggested that the Bitcoin price could still rally to above $200,000 before the bear market kicks in.  At the time of writing, the Bitcoin price is trading at around $92,000, up over 5% in the last 24 hours, according to data from CoinMarketCap. Featured image from LinkedIn, chart from Tradingview.com

Bitcoin price started a recovery wave from the $82,000 zone. BTC is back above $88,500 and might revisit the $95,000 resistance zone. Bitcoin started a fresh upward move from the $82,000 zone. The price is trading above $90,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $90,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to clear the $95,000 resistance zone. Bitcoin Price Starts Recovery Bitcoin price started a fresh decline below the $92,000 level. BTC traded below the $90,000 and $88,000 support levels. Finally, the price tested the $82,000 support zone. A low was formed at $81,434 and the price recently started a recovery wave. There was a move above the $85,000 and $88,000 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the downward move from the $95,000 resistance to the $81,434 low. There was also a break above a connecting bearish trend line with resistance at $90,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading above $90,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $91,800 level or the 76.4% Fib retracement level of the downward move from the $95,000 resistance to the $81,434 low. The first key resistance is near the $92,500 level. The next key resistance could be $93,500. A close above the $93,500 resistance might send the price further higher. In the stated case, the price could rise and test the $95,000 resistance level. Any more gains might send the price toward the $96,200 level or even $98,000. Another Decline In BTC? If Bitcoin fails to rise above the $92,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $88,000 level. The first major support is near the $86,200 level. The next support is now near the $85,000 zone. Any more losses might send the price toward the $82,000 support in the near term. The main support sits at $80,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $88,000, followed by $85,000. Major Resistance Levels – $92,000 and $93,500.

The Bitcoin price is struggling to recover from recent declines, as the market downtrend has kept it significantly below the $100,000 mark. Amidst this volatility, Bitcoin is experiencing a bearish deviation that is filling a new Chicago Mercantile (CME) Gap. This has triggered a fresh prediction from a crypto analyst who believes that the pioneer cryptocurrency is set for a higher high. Bitcoin Price To Form Higher Low As CME Gap Fills Crypto analyst Rekt Capital took to X (formerly Twitter) on Monday to share his projected outlook for the Bitcoin price. The analyst highlighted that Bitcoin is currently undergoing a bearish deviation, which is filling a massive gap on the CME futures chart. Related Reading: Crypto Pundit Who Correctly Called The Bitcoin Price Surge From $15,400 To $100,000 Reveals What’s Next CME gaps are disparities between closing and opening prices in the Bitcoin futures market. They appear when Bitcoin’s price moves as the exchanges close over the weekend and reopen on weekdays. Over the past few days, Bitcoin has been filling its new CME gap amidst the broader market downturn. This downward move was expected, as the Bitcoin price often gravitates toward unfilled CME gaps before resuming regular activity. Despite Bitcoin’s present bearish deviation, Rekt Capital believes that the downtrend could present an opportunity for the market to form new higher lows. The analyst shared two charts, with one revealing several resistance and support zones for the Bitcoin price. The orange and yellow boxes in the chart suggest strong support areas where Bitcoin has historically bounced, while the blue boxes highlight past resistance areas. In the second chart, Rekt Capital showcases repeated breakout patterns, where BTC consolidates and then initiates a surge. If the cryptocurrency can make the expected higher low above last week’s low, this could confirm that Bitcoin’s broader uptrend may still be intact. Conversely, if it fails to hold above support levels and declines again, the market may see a more resounding crash, potentially triggering sell-offs and exacerbating the bearish trend.  Analyst Foresees A Move Towards $95,000 Not too long ago, Bitcoin shocked the market, skyrocketing by more than 9% in one day and surging back above the $90,000 mark. According to X crypto analyst Jelle, this massive price surge was the higher low the market was anticipating. Related Reading: Analyst Reveals When Bitcoin Price Will Reach $180,000 The analyst suggests that the surge has paved the way for BTC to build a more solid base and slowly make its way toward the $95,000 mark. While the price of BTC currently trades at $87,596 and faces bearish pressures that have triggered multiple price crashes, Jelle believes that the cryptocurrency can overturn bearish conditions and initiate a recovery.  As of this writing, it appears Bitcoin may be slowly recovering from the bears. The cryptocurrency has surged by 5.3% in one day, and its market capitalization is also up by the same amount despite its declining trading volume. Featured image from Unsplash, chart from Tradingview.com

Bitcoin price started a fresh decline below the $90,000 zone. BTC is back below $88,500 and might struggle to regain bullish momentum. Bitcoin started a fresh decline below the $92,000 zone. The price is trading below $90,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $85,000 zone. Bitcoin Price Faces Resistance Bitcoin price started a fresh decline from the $95,000 resistance level. BTC traded below the $92,000 and $90,000 support levels. The price dived over 10% and traded below the $88,000 support zone. There was a clear move below the 50% Fib retracement level of the upward wave from the $84,500 swing low to the $95,000 high. Finally, the price tested the $82,000 support zone. A base was formed and the price is now recovering some losses above the $83,500 level. Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $88,750 level. The first key resistance is near the $90,000 level. The next key resistance could be $91,500. There is also a connecting bearish trend line forming with resistance at $91,000 on the hourly chart of the BTC/USD pair. A close above the $91,500 resistance might send the price further higher. In the stated case, the price could rise and test the $93,000 resistance level. Any more gains might send the price toward the $94,200 level or even $95,000. Another Decline In BTC? If Bitcoin fails to rise above the $90,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $85,000 level. The first major support is near the $83,200 level. The next support is now near the $82,250 zone and the 76.4% Fib retracement level of the upward wave from the $84,500 swing low to the $95,000 high. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,800. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $85,000, followed by $82,250. Major Resistance Levels – $90,000 and $91,500.

The Bitcoin price action is showing strong bullish signals, as a rare Inverse Head and Shoulder pattern has just broken out and retested its neckline. This technical setup suggests that Bitcoin could be gearing up for a mega rally to $300,000 soon. Analyst Forecasts Bitcoin Price Reversal On Monday, crypto analyst Gert van Lagen took to X (formerly Twitter) to forecast an imminent Bitcoin price surge to $300,000. The analyst presented a detailed price chart depicting the formation of an Inverse Head and Shoulder pattern, showcasing its left shoulder, head, right shoulder, and neckline.  Related Reading: Bitcoin $166,000 Target Still In Play? The Extension That Determines Where Price Goes Next Based on his analysis on X, Lagen highlights that Bitcoin has successfully broken above the neckline of this technical pattern, confirming a possible bullish reversal. Specifically, the Inverse Head and Shoulder pattern is a classic technical indicator that signals a shift from a bearish trend to a bullish trend. The left shoulder of the pattern highlights a price decline followed by a temporary recovery. The head suggests a deep drop, marking the lowest point of the trend. The right shoulder indicates a smaller decline followed by a breakout above the neckline. Bitcoin broke above the pattern’s neckline around the $86,972 price point. Lagen has pointed out that a successful retest of this neckline could solidify Bitcoin’s bullish move. This is because, historically, once this pattern is confirmed, cryptocurrencies tend to witness significant upside momentum.  Based on the measured move of the Inverse Head and Shoulder, Lagen predicts that Bitcoin is on track to reach $300,000 this bull cycle. This would represent a whopping 258.4% increase from its current market price. The analyst also highlights a sell line between $340,000 and $380,000; here, traders are likely to exit or take profits.  Supporting this bullish outlook is a parabolic step-like formation on the Bitcoin price chart. Lagen revealed that this follows a series of formations from Base 1 to 4 before triggering an explosive price rally. Currently, Bitcoin has completed Base 3 and is entering its final parabolic phase. This technical formation aligns with the Elliott Wave theory that suggests that a strong Wave 5 could result in a significant price surge.  While the analyst is confident in his $300,000 Bitcoin price projection, he warns that it could be completely invalidated if BTC drops below $72,900 in the weekly timeframe. Furthermore, a break below this threshold could signal a deeper price correction and delay the rally. Update On BTC’s Price Analysis While analysts remain optimistic about Bitcoin’s future outlook, the cryptocurrency experiences bearish momentum. In just 24 hours, Bitcoin lost virtually all the price gains it had accumulated since President Donald Trump announced plans for a crypto reserve. Related Reading: Bitcoin Flag Pole Pattern Puts Price At $120,000, Analyst Explains The Roadmap The cryptocurrency was trading above $92,000 the previous day. However, Bitcoin has been down 9.18% in the last 24 hours and a whopping 16% over the past month, according to CoinMarketCap. This severe price decline has pushed the value of Bitcoin down to $83,699 as of writing. Featured image from Adobe Stock, chart from Tradingview.com

A well-known market analyst believes Bitcoin is on track to reach new highs this year. Tom Lee, the co-founder of Fundstrat Global Advisors, expects the cryptocurrency to do “better than $150,000” by the end of 2025. Related Reading: BTC Repeats Historic Pattern—Is a Breakout Toward $100K Next? His latest comments come as Bitcoin struggles with recent volatility but remains a popular investment choice among institutional and retail traders. The co-founder of Fundstrat expressed his opinions on CNBC’s Squawk Box, referencing a variety of favorable fundamentals for the price of Bitcoin. Bitcoin Volatility And Market Movements In recent months, the top coin has had a lot of ups and downs. In February 2025, the top cryptocurrency saw a nearly 24% decline, which caused some investors to lose faith. In spite of this, the current price of Bitcoin is nearly $84,500. During the day, it fluctuated between a high of $90,400 and a low of $82,500. Lee, nevertheless, is unconcerned with the fluctuations and thinks that BTC’s long-term prospects surpass its short-term declines. JUST IN: Expect Bitcoin go higher than $150,000 this year, says Fundstrat’s Tom Lee pic.twitter.com/z0mGAPe16b — Bitcoin Archive (@BTC_Archive) March 3, 2025 Institutional Support And Broader Adoption Growing participation of significant financial actors is one of the main causes of Lee’s confidence. Companies like Citadel have entered the crypto space to give Bitcoin more legitimacy. The alpha coin’s use case gets stronger for future expansion the more conventional institutions interact with digital assets. “I think Bitcoin makes a beeline back towards its long-term trend line, which is probably $82,000 in the near term, $150,000 before year-end,” says @fundstrat‘s Tom Lee as $BTC closes in on its all-time high. pic.twitter.com/g4p6VOTECx — Last Call (@LastCallCNBC) March 5, 2024 Other financial behemoths also show great optimism for Bitcoin. Both Bitwise and Standard Chartered project Bitcoin to reach $200,000 in 2025. Such forecasts support Lee’s point of view and confirm that Bitcoin still has lots of space to expand. Government Influence On Bitcoin’s Future Regulatory decisions could also play a role in Bitcoin’s performance this year. United States President Donald Trump recently declared his intention to establish a strategic cryptocurrency reserve. This action suggests that the government is becoming more interested in digital assets, which could affect market sentiment and raise prices. At the same time, regulatory uncertainty still influences changes in the price of Bitcoin. Even if institutional usage is growing, market observers will closely monitor any changes to regulations that may have an impact on the future of cryptocurrencies. Related Reading: Bitcoin’s Risk Factor Remains High, Crypto Analyst Notes Long-Term Holding Vs. Short-Term Trading Lee tells people who want to invest in Bitcoin to think about the long run. He says that there are often short, unpredictable bursts of growth for the coin. He says it’s dangerous to try to time the market. Instead, it might be smarter to hold on to Bitcoin for a long time. Bitcoin’s price isn’t stable at all, but buyers are still interested in it because it has a history of strong recovery. If Lee is right, 2025 could be another big year for the biggest coin in the world. Featured image from Getty Images, chart from TradingView

In a recent interview with CNBC, Michael Saylor, co-founder of Strategy, reiterated his bullish outlook on Bitcoin (BTC), predicting the cryptocurrency could reach a staggering $200 trillion market cap.  Saylor Forecasts $10 Million Per Bitcoin Currently valued at about $2 trillion, Saylor believes Bitcoin’s trajectory will see it grow to $20 trillion and eventually hit the $200 trillion mark, translating to an approximate price of $10 million per BTC based on its capped supply of 21 million coins. Saylor attributes this potential growth to a global shift in capital investment, stating, “That capital is coming from overseas… from China, from Russia, from Europe, from Africa, from Asia, from the 20th century to the 21st century.”  Related Reading: Ethereum Price Breaks Out—10% Surge Sparks Bullish Momentum His forecast comes against the backdrop of President Donald Trump’s recent announcement regarding the creation of a Crypto Strategic Reserve, which would include BTC alongside Ethereum (ETH), XRP, Solana (SOL), and Cardano (ADA), which ignited a heated debate within financial and crypto circles. While Saylor acknowledges the appeal of a Bitcoin-only reserve, he supports Trump’s broader strategy that encompasses multiple cryptocurrencies. He emphasized, “There’s no way to interpret this other than this is bullish for Bitcoin and is bullish for the entire US crypto industry.”  Although some conservatives, such as Coinbase CEO Brian Armstrong and Gemini co-founder Tyler Winklevoss, have advocated for more restrictive, Bitcoin-centric policies, Saylor noted that the president’s approach allows for a more inclusive economic policy. Saylor Dismisses Volatility Concerns  When asked about his involvement with the White House, Saylor confirmed he has been in discussions with various lawmakers, both Democratic and Republican, as well as members of the Cabinet and administration.  “For the last four and a half years, I’ve been talking about Bitcoin to anybody, anywhere in the world, every day,” Michael Saylor stated during his interview, highlighting his commitment to promoting the cryptocurrency. Saylor argues that establishing a strategic Bitcoin reserve could provide the United States with significant economic advantages, including the potential to alleviate the national debt.  Saylor posits, “If the United States takes a position in the emerging crypto economy, if it buys up 10, 20% of the Bitcoin network, we’re going to pay off the national debt. And so why wouldn’t that be in the interest of the United States?” Related Reading: Dogecoin Will Start A Move To $4 If Current Demand Holds – Can Bulls Step In? Addressing concerns about Bitcoin’s notorious volatility, Saylor pointed to its historical long-term gains, asserting, “I don’t think anybody’s ever lost money in the Bitcoin network holding for four years. Presumably, you want to buy Bitcoin, you want to hold it for 100 years.” The proposal for a US Crypto Reserve is still in its infancy, and Saylor indicated that its success will depend heavily on legislative decisions made in the coming months.  “There are a dozen people on it: the head of the Treasury, the SEC, the CFTC, Commerce, the Attorney General, the President… both the Republicans and the Democrats,” he noted, emphasizing the diverse range of opinions that will influence the outcome. At the time of writing, BTC has found support at around $83,869 after posting losses of 7% and 6% over the past 24 hours and seven days, respectively. Featured image from DALL-E, chart from TradingView.com 

Bitcoin price started a fresh decline from the $95,000 resistance zone. BTC is back below $90,000 and might continue to move down. Bitcoin started a fresh decline from the $95,000 resistance zone. The price is trading below $92,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $82,250 zone. Bitcoin Price Dips Over 10% Bitcoin price rallied above the $88,000 and $90,000 resistance levels. BTC tested the $95,000 resistance where it faced a strong resistance. The price failed to retain gains and started a fresh decline below $92,000. There was a move below the $92,000 and $90,000 support levels. The price dived over 10% and traded below the 50% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. There was also a break below a connecting bullish trend line with support at $88,000 on the hourly chart of the BTC/USD pair. Bitcoin price is now trading below $90,000 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,000 level. The first key resistance is near the $86,600 level. The next key resistance could be $88,500. A close above the $88,500 resistance might send the price further higher. In the stated case, the price could rise and test the $90,000 resistance level. Any more gains might send the price toward the $92,000 level or even $93,500. More Losses In BTC? If Bitcoin fails to rise above the $88,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $82,250 level and the 76.4% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. The first major support is near the $80,000 level. The next support is now near the $78,500 zone. Any more losses might send the price toward the $76,000 support in the near term. The main support sits at $75,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $82,250, followed by $80,000. Major Resistance Levels – $88,000 and $90,000.

After a week of notable crashes, Bitcoin has again seen life breathed into its price trajectory and has reclaimed its mark above $90,000. The major primer for the return of bullish momentum was the announcement of a US crypto strategic reserve by President Donald Trump over the weekend, which could be the beginning of an extended rally for Bitcoin and other cryptocurrencies. With the return of bullish momentum, veteran financial analyst Peter Brandt listed six reasons Bitcoin has flipped bullish. Peter Brandt Lists Six Reasons Bitcoin Has Turned Bullish Bitcoin has seen its value rise by approximately 9% in the past 24 hours, adding about $166 billion to its market capitalization. This marks a swift change from the decline last week, which saw Bitcoin declining to fill a CME gap below $80,000. Related Reading: Bitcoin Price Enters Ascending Phase After Cup And Handle Formation At $105,000, Here’s The Next Target Renowned for his deep technical expertise, Peter Brandt took to social media to outline six reasons why Bitcoin has now returned to a bullish trajectory. His observations are rooted on a series of technical developments that have unfolded over the past week.  Brandt’s first key point is Bitcoin’s recent 30% correction. Notably, Bitcoin’s recent crash to a bottom at $78,900 marked a 30% correction from its January 30 all-time high of $108,786. This level of pullback is typical in strong bull markets and often precedes the next leg up. The second reason why Bitcoin has flipped bullish is its ability to find support along its parabolic advance despite the recent dip. Another factor reinforcing Bitcoin’s bullish outlook is the successful retest of a CME futures gap below $80,000. Interestingly, this gap had been a key concern even as Bitcoin rallied to above $100,000 in January, with technical analysis warning of a drop toward this level. Now that the CME gap has been filled, the next step is the resumption of bullish momentum. Brandt also highlighted the emergence of a “foot shot doji” candlestick pattern, which typically indicates the exhaustion of selling pressure and a potential reversal. Furthermore, he referenced the Factor three-day trailing stop rule to indicate that Bitcoin is regaining strength. Lastly, he pointed to a high-volume “puke out,” where sellers have exited Bitcoin in capitulation. Taken together, these signals suggest that Bitcoin’s latest rally is not just a temporary bounce but a confirmation of bullish momentum.  What’s Next For BTC As Bullish Signals Strengthen? At the time of writing, Bitcoin is trading at $92,443 and everything surrounding its fundamentals now points to a continued move upwards in the coming weeks. Interestingly, you could argue that institutional invesments through Spot Bitcoin ETFs have yet to be factored into the price of Bitcoin following Trump’s announcement of a US crypto strategic reserve.  Related Reading: Bitcoin Price Risks Crash: Analyst Paints Picture Of Drop Below $30,000 The announcement came over the weekend when traditional markets were closed, meaning the bullish momentum was largely driven by retail traders. With this, Bitcoin is likely to push past the $100,000 mark again before the end of the week as institutional inflows pick up. Featured image from iStock, chart from Trsdingview.com

Crypto analyst CrediBULL Crypto has revealed that Bitcoin’s open interest has crashed to a six-month low. The analyst further explained what happened the last time this low open interest occurred while providing a bullish outlook for the flagship crypto.  Bitcoin’s Open Interest Crashes To 6-Month Low  In an X post, CrediBULL Crypto revealed that Bitcoin’s open interest is at the lowest levels it has been at in six months. He noted that the BTC price was trading between $50,000 and $60,000 the last time the open interest was this low. The analyst also revealed that Bitcoin’s funding rate just ticked negative. He also noted that the same thing happened while the flagship crypto was trading between $50,000 and $60,000 just before its rally to $100,000.  Related Reading: Crypto Pundit Who Correctly Called The Bitcoin Price Surge From $15,400 To $100,000 Reveals What’s Next Interestingly, CrediBULL Crypto asserted that these metrics overall look “fantastic” for Bitcoin and further solidified his belief that the flagship crypto has formed a bottom. Indeed, BTC looks to have formed a bottom as the flagship crypto has rebounded to as high as $95,000 following its drop below $80,000 last week. Crypto analyst Ali Martinez also suggested that the Bitcoin price has found its bottom. In an X post, he noted that historically, BTC tends to rebound when the daily Relative Strength Index drops below 30. He then revealed that the RSI was sitting at 24, indicating that the flagship crypto had bottomed out and was well due for a rebound.   BTC Needs To Hold Above This Range To Confirm Reversal However, despite Bitcoin’s rebound to as high as $95,000, CrediBULL Crypto suggested that market participants shouldn’t get too excited yet. He stated that the pump doesn’t mean much unless BTC clears the key resistance at around $93,000. The analyst remarked that moving up to this range was the easy part but “strength” is getting past it.  Related Reading: Bitcoin $166,000 Target Still In Play? The Extension That Determines Where Price Goes Next Crypto analyst Titan of Crypto also echoed a similar sentiment. He stated that Bitcoin is currently pushing through $94,000, breaking above the Kumo cloud. The analyst added that the flagship crypto needs to stay above this price level before the reversal can be confirmed.  However, Titan of Crypto still provided a bullish outlook for the Bitcoin price, suggesting that a reintegration might be about to occur, which could send the flagship crypto into a markup phase. His accompanying chart showed that BTC could rally above $126,000 as it enters this markup phase.  Meanwhile, Martinez revealed that the Bitcoin bull run remains intact according to the aSORP indicator. He also stated that global liquidity is on the rise again, and with BTC lagging behind this metric, the analyst remarked that this could signal a unique buying opportunity.  At the time of writing, the Bitcoin price is trading at around $91,000, up over 6% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Bitcoin price started a fresh increase from the $78,000 support zone. BTC must clear $95,000 to continue higher in the near term. Bitcoin started a fresh increase above the $90,000 resistance zone. The price is trading above $92,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $89,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $87,000 zone. Bitcoin Price Rallies Over 10K Bitcoin price extended losses below the $80,000 level before the bulls appeared. BTC traded as low as $78,011 and recently started a strong increase. There was a move above the $85,000 and $88,000 resistance levels. The price surged over 10% and cleared the $90,000 level. It tested the $95,000 resistance. A high was formed at $95,000 and the price is now consolidating gains. It is trading near the 23.6% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. Bitcoin price is now trading above $92,000 and the 100 hourly Simple moving average. There is also a connecting bullish trend line forming with support at $89,750 on the hourly chart of the BTC/USD pair. On the upside, immediate resistance is near the $94,000 level. The first key resistance is near the $95,000 level. The next key resistance could be $96,500. A close above the $96,500 resistance might send the price further higher. In the stated case, the price could rise and test the $98,500 resistance level. Any more gains might send the price toward the $100,000 level or even $100,500. Are Dips Supported In BTC? If Bitcoin fails to rise above the $95,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $92,000 level. The first major support is near the $90,000 level. The next support is now near the $88,500 zone and the 50% Fib retracement level of the upward move from the $84,500 swing low to the $95,000 high. Any more losses might send the price toward the $87,000 support in the near term. The main support sits at $85,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $92,000, followed by $90,000. Major Resistance Levels – $94,000 and $95,000.

A crypto analyst believes that Bitcoin remains a very risk-on asset that is linked to the shifts in the macroeconomic landscape. Emily Nicolle, a crypto reporter for Bloomberg, gave her take on Bitcoin as the firstborn cryptocurrency plunged 13% and entered bear territory. This might have been due to macroeconomic uncertainty and political factors. Related Reading: Dogecoin Sees 95% Drop In Network Activity—Trouble Ahead? ‘Very Risk-On Asset’ Nicolle said in a Bloomberg TV interview that the current movement in Bitcoin is highly correlated with the changes in the macroeconomic landscape, adding that anything that happens on Wall Street could affect the cryptocurrency. The crypto reporter explained that investors can never discount the impact of the macroenvironment on Bitcoin, saying, “Everything that’s happening to stocks that knocks on crypto too.” Nicolle described Bitcoin as “very risk-on assets.” “So, when there’s turmoil happening in the S&P 500, you’re going to see that in Bitcoin as well. And so that is definitely catapulting this,” she added. The analyst added that aside from the macroeconomic environment, the cryptocurrency sector went through a rough period. “We’ve had a 1. 5 billion hack last week. We’ve had some turmoil in terms of what’s going on in politics as well,” she continued. Only a little over a week ago, the cryptocurrency faced a setback after a North Korean-based hacker group stole an estimated $1.5 billion worth of crypto from Bybit, which could be the largest cryptocurrency hacking in history. “In terms of what people are expecting to see going forward, it’s still very much up in the air as to how Bitcoin could perform even in, even today,” Nicolle said in the interview. Political Uncertainty Nicolle also noted that political uncertainty is another factor driving Bitcoin into bearish territory. United States President Donald Trump vowed to establish clearer regulations on cryptocurrency, but these have not been met. “Some of the things that Trump promised to do on the campaign trail have not yet come to force and those are the kind of catalysts that we’re looking to as potential upsides for Bitcoin in the weeks ahead, things like a strategic Bitcoin reserve,” she explained. The crypto analyst pointed out that the macroenvironment is weighing very heavily on Bitcoin’s potential. “If we don’t get any movement on that, if things don’t start to look up elsewhere, Bitcoin will continue to be down,” she predicted. Closely Watching The $70k Mark Nicolle said that crypto traders are closely watching the $70,000 mark, which is the crucial psychological and technical support zone. “We’re all looking at about the $70,000 mark at the minute. So, if it does continue to go down, which is kind of to be expected in the current environment, then that is the next point at which we’re going to be starting to think. That is where a lot of the risk is happening,” she explained. Related Reading: Dogecoin Demand Slumps—Nearly 70% Drop In Open Interest Raises Concerns The analyst described Bitcoin as the “tide that lifts all boats” so when it goes up, other cryptocurrencies also go up too. “But those smaller cryptocurrencies are hit harder when there’s tumult in markets. They are just much more volatile by comparison,” she added. Featured image from FairPlanet, chart from TradingView

Over the past week, Bitcoin has experienced a strong market correction with prices falling as low as $80,000. Based on a double top formation, Bitcoin is expected to head to $76,000 before re-establishing an uptrend. However, market analyst Cryptododo7 has indicated the possibility of a lower market bottom. Related Reading: Bitcoin Miners Are Hoarding Their Crypto Despite Plunge—Here’s What It Means Bitcoin Bears In Control: Will $67,000 Emerge As Ultimate Support Level? The Bitcoin market fell under siege in the last week with total liquidations reaching $670 million. During this period, the assets crashed by over 15% from an opening market price of $95,000 confirming the formation of a double-top pattern. For context, the double top is a bearish reversal chart pattern that appears after an uptrend. It consists of two peaks at a similar price level, separated by a pullback. This formation is well represented by Bitcoin’s price at $108,000 in December and $109,000 in January separated by the price correction in late December. Amid the falling prices in the past week, Bitcoin dipped below the double top neckline level at $91,500 confirming a price reversal. In accordance with the bearish signal, Bitcoin is expected to return to $76,000 around which it embarked on its price rally to its initial peak at $108,000. However, Cryptododo7 explains there is potential for BTC to rapidly drop to its maximum Fibonacci level at $67,000 which would serve as the support level with no further downside. In gauging the eventual ultimate Bitcoin support level, Cryptododo7 notes that market reaction at $73,000-$76,000 will be quite important as strong buying pressure at this level could result in a sharp price rebound. Related Reading: Don’t Call Bitcoin Bottom Just Yet, CryptoQuant Head Says: Here’s Why BTC Active Addresses Rise Amid Price Fall In other news, blockchain analytics firm IntoTheBlock reports that the number of Bitcoin active addresses is increasing despite the ongoing price fall.  Notably, this metric has reached its highest daily level since December 2024 suggesting a significant surge in on-chain activity.   Historically, such developments usually occur at major market turning points i.e. either peaks driven by new entrants rush or bottoms due to panic selling and opportunistic buyers. According to IntoTheBlock, this surge in on-chain activity could indicate that the BTC market could be at a crucial turning point, however, investors should note that no single metric guarantees a price reversal. At press time, BTC trades at $84,961 with a 2.54% increase in the past day. Meanwhile, daily trading volume is up by 13.69% and valued at $71.43 billion. Featured image from iStock, chart from Tradingview

A new Bitcoin Chicago Mercantile Exchange (CME) gap has just been opened around $78,000 and $80,700. Analysts warn that this price range could act as a magnet for further downturns in the Bitcoin price, making it a critical area to watch in the coming days. According to crypto analyst Rekt Capital on X (formerly Twitter), Bitcoin is currently facing increased volatility as it moves closer to filling a key CME gap between $78,000 and $80,700. A CME gap represents price disparities on the Bitcoin Futures chart traded on the Chicago Mercantile Exchange. Open Bitcoin CME Gap Signal Further Downturn  Typically, the CME Bitcoin Futures market operates only on weekdays, meaning price movements that occur during weekends tend to leave price gaps. These spaces get filled as price action retraces to cover the imbalances left behind. Related Reading: Bitcoin Liquidity Blocks Tell A Story: Here’s Why $96,000-$111,000 Is Most Important Bitcoin’s current CME gap between $78,000 and $80,700 was formed in early November 2024, when the cryptocurrency experienced a sharp price breakout above resistance. Since then, Bitcoin has not revisited this zone; however, Rekt Capital believes it is fast approaching it now.  The analyst revealed that after hitting a peak above $100,000, Bitcoin quickly retraced, experiencing a deep correction that pushed it down to its current price of $79,267. Rekt Capital points out that Bitcoin’s recent decline aligns with historical fractals where CME gaps get filled before its price finds a new direction.  According to his chart analysis, if Bitcoin continues on its current downward trajectory, the price range between $78,000 and $80,000 will need to be closely monitored. Holding this range would signal a potential reversal and renewed bullish momentum. However, a failure to maintain support could clear to further declines, with the next major support levels around $71,535 and $60,590. Other market analysts share a similar sentiment. Crypto VIP Signal on X has projected a decline towards the $72,000 – $74,000 support area should Bitcoin fail to maintain the CME gap price level. The analyst highlights that this gap range is BTC’s last chance for a price bounce as the market looks increasingly bearish. BTC Enters Oversold Levels For The First Time Since 2024 In addition to its recently opened CME gap, Bitcoin has also entered oversold conditions for the first time since August 2024. This suggests that the Bitcoin price has dropped significantly and is supposedly trading below its actual value, potentially signaling a possible rebound. Related Reading: Bitcoin Price Forms Double Bottom After Crash, Is A Bounce To $112,000 ATH Possible? Considering the current declined state of the market, this new discovery is seen as a positive signal. Crypto analyst Ali Martinez revealed that in 2024, when Bitcoin reached similar oversold levels, it led to a massive 33% price surge. This implies that if historical trends were to repeat, BTC could also initiate a strong price rally to the upside. Featured image from Adobe Stock, chart from Tradingview.com

Many people wonder about the length of Bitcoin’s rollercoaster journey that its price increase has been on. The bull run may persist until at least April 2025, argues CryptoQuant CEO, Ki Young Ju. Should this be the case, it could signal the longest ever Bitcoin bull cycle. Related Reading: Dogecoin Sees 95% Drop In Network Activity—Trouble Ahead? Variations In Bitcoin’s Growing Rate Ju created a Bitcoin growth rate difference statistic for May 2024 that formed the foundation for his projection. Monitoring the long-term market movements of the crypto helps one to ascertain whether the asset is still in a growth phase or overheated. Right now, Bitcoin is in what he refers to as a “critical zone,” in which market signals combine bullish and bearish patterns. Whether Bitcoin keeps on its ascent or begins to lose vigor will depend mostly on the next few weeks, or months. #Bitcoin on-chain indicators are at the bull-bear boundary. I expect this to be the longest bull run in history, but I could be wrong. We need at least another month of data to confirm whether we’re entering a bear market. If demand doesn’t recover, indicators may fully signal a… https://t.co/QkaZx7wmAt pic.twitter.com/4iHbuitW4o — Ki Young Ju (@ki_young_ju) February 27, 2025 Market Fluctuations And Past Corrections Investors are beginning to have jitters about Bitcoin’s price as it has lost 30% of its value in the last few days. But Ju is not bothered. According to him, severe pullbacks like these are not uncommon during a bull cycle phase. Historical records support his assertion; earlier bull runs show price losses of up to 52% before recovery. Should history be the barometer, Bitcoin might still have some surprises in its sleeves and carry out strong upward moves in the face of a volatile market. The BlackRock Bitcoin Selloff Movement in Bitcoin price is much influenced by institutional investors. BlackRock lately sold roughly $70 million in ether and $440 million in bitcoin. These big sell-offs could cause temporary devaluations and change investor mood. These events could change the price direction of Bitcoin in the next months even if Ju is optimistic. What’s Next For The Alpha Coin? Meanwhile, Bitcoin is not in good form as we speak: it is languishing in the $79,900 level, to the delight of those who’ve been waiting to buy the dip. Bitcoin is trading 7% below its most recent closing. It peaked at $86,990 then fell to a low of $79,490. The bulls can only wish it was the other way around. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Ju’s research shows that although some investors worry about possible future dips, the bull run is far from over. Since April 2025 is just a month away, traders and experts are still captivated by Bitcoin’s long-term trend and what the coming days will bring on the table. Ju’s observations offer a data-driven viewpoint even if nobody can exactly predict the market. Whether Bitcoin follows past patterns or creates new ground, investors will be closely observing it. Anything can happen in the crypto space. Featured image from Gemini Imagen, chart from TradingView

The Bitcoin price has experienced such severe downward pressure and volatility that many are starting to believe that the bear market may have begun. While some analysts hope for a price reversal to the upside, others predict a further crash to $70,000, eradicating almost all gains achieved after the US election rally.  Popular crypto analyst and Co-founder of BitMEX Arthur Hayes has shared a bearish prediction for the Bitcoin price. Hayes projects a further breakdown in Bitcoin’s value, suggesting an imminent drop between $70,000 and $75,000.  Bitcoin Price Crash To $70,000 A Possibility  The crypto founder shared a 2-hour Bitcoin price chart from BitMEX, explaining how the pioneer cryptocurrency could experience this decline and citing macroeconomic factors tied to United States (US) President Donald Trump as a trigger for this price drawdown. Related Reading: End Of The Road For Bitcoin? Analyst Reveals When Price Will Crash To $50,000 Hayes suggests that the market is entering a cooling phase, characterized by a potential retracement to pre-election liquidity levels. A cooling phase is a period during which the price of a cryptocurrency declines and consolidates as the market attempts to stabilize. It typically comes after a cryptocurrency experiences an explosive price increase.  Looking at his price chart, the BitMEX Co-founder pinpointed a demand zone around the blue-shaded area between $76,000 and $65,000. This price range serves as a critical support area, where traders expect significant buying interest, enough to prevent further price declines. Hayes believes that the Bitcoin price’s possible decline to $70,000 hinges on Trump’s budget and debt ceiling decision. He suggests that if Trump fails to pass a budget that increases spending and raises the debt ceiling, then further market capitulation could occur. This means that the market may undergo a rapid sell-off by a large number of investors, triggering a panic that could lead to further declines in the Bitcoin price.  Additionally, if Trump’s influence over the Republican Party weakens, Hayes indicates that market uncertainty could grow, potentially triggering a continuation of the current Bitcoin downturn. Moreover, a debt ceiling reduction could negatively impact the market’s liquidation and fuel more price fluctuations.  Overall, Haye’s bearish outlook for Bitcoin is tied to Trump’s fiscal influence. The BitMEX Co-founder suggests that, for now, the market can only “chill out, retrace, and wait.” BTC’s 3-Day Decline Marks Highest Since FTX Crash According to MetaEra, the recent 3-day decline in the Bitcoin price is the highest crash seen since the FTX fiasco in 2022. In the first three days of this week, Bitcoin recorded a 12.6% drop in value, pushing it down to its current price of $86,227. Related Reading: Bitcoin Price Prediction: Analyst Charts Roadmap To $117,000, What You Should Know MetaEra revealed that the widespread market sell-off could be attributed to the negative sentiment and disappointment over President Trump’s lack of swift action regarding his promises to the crypto community. Prior to his election, Trump indicated a strong interest in creating a national Bitcoin Reserve and tightening fiat liquidity conditions. With no mention of plans concerning these crucial initiatives, uncertainty looms, leading to a weakened market sentiment. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin price started a fresh decline below the $85,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $86,500 zone. The price is trading below $82,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $83,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $85,000 zone. Bitcoin Price Dips Sharply Bitcoin price failed to stay above the $88,500 level and started a fresh decline. BTC declined heavily below the $86,500 and $85,000 support levels. The price even dived below the $82,000 level. It tested the $80,000 zone. A low was formed at $80,000 and the price is now consolidating losses. It is showing many bearish signs below the 23.6% Fib retracement level of the downward wave from the $86,934 swing high to the $80,000 low. Bitcoin price is now trading below $82,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $81,650 level. The first key resistance is near the $83,500 level or the 50% Fib retracement level of the downward wave from the $86,934 swing high to the $80,000 low. There is also a connecting bearish trend line forming with resistance at $83,800 on the hourly chart of the BTC/USD pair. The next key resistance could be $85,000. A close above the $85,000 resistance might send the price further higher. In the stated case, the price could rise and test the $86,500 resistance level. Any more gains might send the price toward the $88,000 level or even $88,500. More Losses In BTC? If Bitcoin fails to rise above the $85,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $80,000 level. The first major support is near the $78,500 level. The next support is now near the $76,200 zone. Any more losses might send the price toward the $75,000 support in the near term. The main support sits at $73,500. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $80,000, followed by $78,500. Major Resistance Levels – $83,800 and $85,000.

On Wednesday, Bitcoin (BTC) prices plummeted to a four-month low, reaching as low as $81,000, as the anticipated “Trump bump” in the markets faded. This has prompted investors and traders to hedge against further decreases, with Bitcoin options indicating a notable interest in put options with a strike price of $70,000.  Bitcoin Plummets 20% Since Trump’s Inauguration According to data from Deribit, the largest crypto options exchange, this strike price represents the second-highest open interest among all contracts set to expire on February 28, with a total of $4.9 billion in open interest poised to expire by Friday. Related Reading: Solana (SOL) Sees Red—What’s Next for the Price? Since President Donald Trump’s inauguration in January, Bitcoin has experienced a substantial decline of roughly 20% from its record highs.  Market analysts attribute this downturn to a combination of factors, including Trump’s “aggressive geopolitical” stance and ongoing concerns about elevated inflation. Chris Newhouse, director of research at Cumberland Labs, noted, “Tariff policies are further dampening the outlook, and stubbornly high short-term inflation expectations add to the overall caution.”  Newhouse also highlighted that the Bybit Ethereum (ETH) hack has not only exerted downward pressure on Bitcoin’s price but has also negatively impacted overall market sentiment. Investors Pull Back Amid Declining Demand For ETFs The market has also witnessed a significant liquidation of bullish bets, with around $2 billion wiped out over the past three days, according to data from Coinglass.  Bitcoin perpetual futures—a popular method for offshore investors to leverage their positions—saw a sharp decline in long positions during this timeframe. Adding to the bearish sentiment, demand for Bitcoin exchange-traded funds (ETFs) has waned, with the group experiencing approximately $2.1 billion in outflows over the past six days.  This reflects a broader trend of investors pulling back, with more than $1 billion withdrawn from spot Bitcoin ETFs on Tuesday alone, marking the largest outflow since these funds debuted in January of the previous year. The Fidelity Bitcoin Fund (FBTC) and BlackRock iShares Bitcoin Trust ETF (IBIT) were among the hardest hit. Related Reading: Avalanche (AVAX) Overextended—Is A Market Shakeup Imminent? Bohan Jiang, head of over-the-counter options trading at Abra, commented, “This is a mix of spot selling and basis unwind. In my view, nearly all of this is from ETF spot outflows from directional traders.” Ethereum has also felt the impact of the Bybit incident, amplifying its volatility, while Solana (SOL) has surrendered gains achieved in recent months amid declining interest in memecoins. The market’s search for a new catalyst to reverse its bearish sentiment has led many investors to remain on the sidelines, rotating out of cryptocurrencies in a risk-off environment.  Ravi Doshi, co-head of markets at crypto prime broker FalconX, stated, “The crypto market is still in search of a new catalyst to reverse bearish sentiment.” Currently, BTC is attempting to find support at $84,578, but has fallen another 4.5% in the 24-hour time frame.  Featured image from DALL-E, chart from TradingView.com 

The crypto market is experiencing a significant upheaval, with a staggering $300 billion erased in just 24 hours. This massive sell-off has raised concerns among investors, prompting analysts to explore the underlying causes of this dramatic decline. Bitcoin And Ethereum Plummet According to insights from the Kobelsi Letter, a global commentator on capital markets, the frequency of “flash crashes” in the crypto sector has surged since January. These rapid price declines can occur without major bearish news, leaving investors puzzled about the sudden volatility. The recent downturn began with Bitcoin (BTC), which initially fell below $95,000. However, a sharp drop from $95,000 to $90,000 within just 30 minutes early in the morning served as a wake-up call for traders.  Ethereum (ETH) has fared even worse, experiencing a staggering 37% drop over 60 hours on February 2nd, despite trade war headlines that had already been priced into the market. Related Reading: Why Ethereum Is A Must-Watch: Expert Analysis Highlights 4 Strong Bullish Indicators One of the critical factors contributing to this crypto volatility, according to the analysts, is the drastic shift in liquidity and short positioning in Ethereum. In a single week, short positions surged by 40%, and since November 2024, they have skyrocketed by 500%.  This unprecedented level of shorting by Wall Street hedge funds has created a precarious situation for Ethereum, which is now valued at approximately $300 billion. As institutional investors increasingly short Ethereum, many have turned their attention to Bitcoin, creating a stark contrast in market dynamics. While retail interest in Bitcoin has waned, driven partly by a surge in memecoins, institutional capital continues to flow into Bitcoin, exacerbating the volatility in altcoins like Solana. Retail Vs Institutional Investors Amid Crypto Volatility Kobelsi further highlights that the current market environment is characterized by a polarization between retail and institutional investors. As liquidity decreases, price movements become increasingly erratic. This has resulted in significant “air pockets,” where sentiment can shift dramatically, leading to rapid price changes. Recent sentiment analysis reveals that the crypto market is experiencing its lowest levels of enthusiasm for 2024. The Crypto Fear and Greed Index, which previously indicated a state of greed, has now dropped to a fear level of 29%. Such shifts in sentiment often precede flash crashes, as traders react to the changing landscape. Related Reading: XRP Price Continuation After Crash Below $2.4? New Targets Emerge Adding to the complexity of the situation, public figures like Eric Trump have been vocal about their views on the largest crypto assets, Bitcoin and Ethereum. Trump has suggested that these price dips present buying opportunities, a perspective that may influence retail investors’ behavior. Furthermore, companies like MicroStrategy have also impacted the crypto market dynamics. Despite a 45% drop in its stock since its November 20th peak, MicroStrategy continues to accumulate Bitcoin through convertible note offerings, reinforcing its commitment to the crypto and potentially influencing market sentiment. So far, Ethereum has managed to regain the $2,500 level after falling below $2,300 on Tuesday, recording losses of 7% in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com 

Bitcoin price started a fresh decline below the $88,000 support. BTC must stay above the $80,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $92,500 zone. The price is trading below $88,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $82,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $92,500 level and started a fresh decline. BTC declined heavily below the $90,000 and $88,000 support levels. The price even dived below the $85,000 level. It tested the $80,000 zone. A low was formed at $80,525 and the price is now consolidating losses. It is back above the $83,500 level and the 23.6% Fib retracement level of the downward move from the $89,203 swing high to the $80,525 low. Bitcoin price is now trading below $85,200 and the 100 hourly Simple moving average. On the upside, immediate resistance is near the $85,000 level or the 50% Fib retracement level of the downward move from the $89,203 swing high to the $80,525 low. The first key resistance is near the $85,500 level. There is also a connecting bearish trend line forming with resistance at $86,150 on the hourly chart of the BTC/USD pair. The next key resistance could be $87,150. A close above the $87,150 resistance might send the price further higher. In the stated case, the price could rise and test the $88,500 resistance level. Any more gains might send the price toward the $90,000 level or even $90,500. Another Drop In BTC? If Bitcoin fails to rise above the $86,000 resistance zone, it could start a fresh decline. Immediate support on the downside is near the $83,000 level. The first major support is near the $82,000 level. The next support is now near the $81,200 zone. Any more losses might send the price toward the $80,000 support in the near term. The main support sits at $78,500. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support Levels – $82,000, followed by $80,000. Major Resistance Levels – $85,000 and $86,000.

Crypto analyst Kevin Capital has provided insights into where the Bitcoin price may be headed next. The analyst alluded to the current liquidation data, revealing that there are currently $16 billion in possible liquidations from BTC’s current price to the $107,000 price level.  Liquidation Data Indicates A Bitcoin Price Recovery Is Imminent In an X post, Kevin Capital revealed that there is only $1.5 billion in long liquidations from the current Bitcoin price to the $77,000 price level. On the other hand, there is $16 billion in short liquidations from the current price to the $107,000 level. The analyst remarked that this is one of the biggest disparities in history.  Related Reading: Bitcoin 9-Month Cycle Says It’s Not Over, Analyst Shows Where We Are In The Bull Run He further noted that the market makers prefer to move prices where they can most transact. As such, this suggests that the Bitcoin price could rebound as these market makers look to grab the liquidity at the upside. Kevin Capital remarked that patience is still needed while the 3-day resolves itself. However, he added that overall, things are looking a little clearer for the bulls.  The Bitcoin price has crashed over the past two days, dropping to as low as $86,000, sparking concerns that the bull run might be over. However, Kevin Capital’s analysis provides some optimism that the bull run is far from over and that the flagship crypto could still reclaim the $100,000 price level and possibly reach new highs.  BTC’s long-term holders also seem confident that the Bitcoin price will still go higher. In an X post, crypto analyst Ali Martinez revealed that they had accumulated almost 20,400 BTC following the sharp sell-off that began two days ago.  BTC Could Still Drop To The $80K Lows Crypto analysts Ali Martinez and Titan of Crypto have suggested that the Bitcoin price could still drop to the lower part of the $80,000 range. In an X post, Martinez stated that Bitcoin is showing similarities to the 2021 market top. He further remarked that if this pattern holds, there could be a period of consolidation at current levels before the next leg down for BTC.  Related Reading: This Analyst Called The Bitcoin Price Crash Early, Total Prediction Says More Pain Is Coming His accompanying chart showed that the Bitcoin price could drop to as low as $80,850 when this next leg down occurs. Titan of Crypto also raised the possibility of BTC dropping to $81,000. He stated that BTC is breaking the trendline and dipping below the last wick low. He claimed that BTC’s weekly candle failing to reclaim the trendline could send the flagship crypto to the next support, which is Kijun at $81,000. At the time of writing, the Bitcoin price is trading at around $88,700, down over 3% in the last 24 hours, according to data from CoinMarketCap. Featured image from iStock, chart from Tradingview.com

Bitcoin’s price fell to $86,099 on February 26th, wiping out almost $1.06 billion from crypto’s market cap and sending ripples across the industry. According to Coinglass tracking, around 230,000 positions have been liquidated for the day.  Related Reading: Coinbase CEO’s Hot Take: Bitcoin Is Basically A ‘Meme Coin’ As a sign of bearish sentiment, the digital asset’s open interest has dipped to 5%, reflecting deleveraging among investors and holders. On-chain data also suggests that exchange inflows surged to 14.2%, potentially suggesting panic selling among holders. Furthermore, funding rates are now in negative territory, indicating investors’ sentiments have shifted.  Massive Losses For Holders As BTC Tests $86K As the world’s top digital asset, Bitcoin’s adverse price action caused plenty of ripples in the industry. With its price testing below $90k, thousands of positions were liquidated, and strong withdrawals from spot Bitcoin ETF funds were recorded. According to multiple reports, the five-day outflow for ETFs amounted to $1.1 billion, with $516 million lost on February 24th. In a Twitter/X post, InTheBlock noted that around 12% of all BTC addresses are in the red. The post added that it’s now the highest unrealized loss percentage for Bitcoin since October 2024. With Bitcoin briefly dropping below $90k, roughly 12% of all Bitcoin addresses are holding at a loss. ????This is the highest unrealized loss percentage since October 2024 pic.twitter.com/pngLz4G4wc — IntoTheBlock (@intotheblock) February 25, 2025 Crypto-Related Stocks Fall Aside from individual holders, crypto-related stocks suffered from Bitcoin’s recent drop. Michael Saylor’s Strategy is one of the biggest victims, with its stock price dropping 11% in the past 24 hours. The company’s stock has been declining since its peak in November and has now fallen 55% from its high.  Strategy boasts a portfolio worth over $43 billion, including 499,096 Bitcoin. With Bitcoin’s price falling, many crypto observers speculate where Strategy will sell some of its assets. However, some experts have shot down this idea, saying it’s doubtful that a company will fully commit to crypto. Other crypto-related stocks also tumbled, with Robinhood (HOOD) dipping by 8%, Coinbase (COIN) suffering a 6.4% decline, and Marathon Digital (MARA) and Bitcoin miners Bitdeer (BTDR) dropping 9% and 29% respectively. Traditional Stocks Also Suffered Bitcoin’s underperformance was also felt in the broader market, with declines in the traditional financial markets. The Nasdaq Composite dropped by 2.8%, and the S&P 500 surrendered 2.1% of its market cap. Observers also noted the sudden strength of the US Dollar Index, suggesting that many investors are looking for “safety havens” for their investments. On-chain data also indicates a recent surge in crypto whale activities. Bitcoin whales have sold over $1.2 billion worth of digital assets.  Related Reading: Bitcoin’s Grip Tightens — CZ Says There’s ‘No Escape’ From Crypto According to analysts, Bitcoin’s decline is caused by macroeconomic conditions. The market is still reeling from US President Donald Trump’s tariff announcement, and geopolitical tensions between China and the United States are pushing some investors to rethink their long-term plans. Featured image from Gemini Imagen, chart from TradingView

Bitcoin’s recent price crash took the entire market by surprise, leaving bullish investors reeling in losses. Particularly, this crash saw Bitcoin losing its foothold at the $90,000 price level and extended a crash across multiple cryptocurrencies.  Technical analyst Rekt Capital identified this pullback as a downside deviation within a re-accumulation range, hinting at potential market changes in the coming weeks. Bitcoin’s Drop Below $90,000: A Necessary Reset? Bitcoin’s break below $90,000 in the past few days marks its first time trading below this level since November 2024. After months of sustained upward momentum, Bitcoin started to consolidate below the $100,000 price level, spending most weeks trading between $90,000 and $100,000.  Related Reading: Bitcoin Long-Term Holders Officially Enter Into Greed Territory, Is This Good Or Bad For Price? This consolidation phase, while unsettling to some investors, was interpreted by some analysts as a natural part of Bitcoin’s broader market cycle. Crypto analyst Rekt Capital has pointed out that Bitcoin frequently undergoes phases of re-accumulation during bull cycles, allowing the market to reset before the next leg upward. According to his assessment, the current price movement aligns with historical trends, where Bitcoin establishes an accumulation floor before another rally. Interestingly, Bitcoin’s recent break below $90,000 is part of this reaccumulation range phenomenon. Rekt Capital describes this as a “downside deviation” below the range low, which is a pattern Bitcoin has exhibited multiple times in past cycles.  What To Expect From BTC’s Next Move Re-accumulation phases are generally highlighted by buying pressure among a few whales and retail investors while the larger market continues to sell. According to data from on-chain analytics platform Glassnode, some long-term Bitcoin holders have remained unfazed by the recent price crash. In fact, the latest selloff has presented them with a key accumulation opportunity, with these long-term addresses increasing their total Bitcoin holdings by 20,400 BTC in the past 48 hours. Related Reading: This Analyst Correctly Predicted The Bitcoin Price Crash To $99,000, Here’s What’s Supposed To Happen Next Bitcoin’s future trajectory will depend on how it reacts within this re-accumulation range. If Bitcoin successfully reclaims $90,000, it could confirm that the break below was merely a shakeout before further gains. A strong rebound from this level would likely reignite bullish sentiment, potentially paving the way for a substantial break above $100,000. However, an extended decline below $90,000 could be very devastating for Bitcoin and its long-term holders who are currently accumulating in the reaccumulation zone, as there isn’t much of a support level to prop up any downtrend until the $70,000 price level. At the time of writing, BTC is trading at $88,628, reflecting a 7.5% decline over the past seven days. However, the cryptocurrency has shown early signs of stabilization, having rebounded by roughly 2% after hitting an intraday low of $86,867. Featured image from Adobe Stock, chart from Tradingview.com