Bitcoin Price Faces Strong Bullish Pressure
Bitcoin price faced a strong bullish pressure due to increasing buying domination. However, Bitcoin witnessed a rejection above $88.7K and dropped heavily. Despite this, buyers took control and are currently aiming for a push above $88K. Over the past 24 hours, Bitcoin’s trading volume has dropped by more than 1.34%, totalling $30.1 billion.
In a broader perspective, Bitcoin fell below $100,000 on January 7 and showed a downward trend. It reached a low of approximately $89,397 on January 13. On Feb 3, Bitcoin again crashed and reached a low near $91K. In recent days, the price has been facing increased volatility below $90K. Over the last 24 hours, its total market capitalization dropped by 0.8%, settling at $1.74 trillion.
Bitcoin’s Volatility Rate Jumps
On Friday, President Trump signaled flexibility on planned “reciprocal tariffs,” potentially exempting certain countries and sectors. However, tariff exemptions for Canada and Mexico expire on April 2, meaning tariffs on many imports will still rise significantly.
Federal Reserve Chair Jerome Powell expects these tariffs to temporarily boost inflation but sees no lasting impact, hinting at a possible interest rate cut later this year. This boosted the price of Bitcoin.
Bitcoin’s recent rebound was driven by news that Michael Saylor’s MicroStrategy (MSTr) purchased an additional 6,911 BTC for $584.1 million, at an average price of $84,529 per coin. The company has achieved a Bitcoin yield of 7.7% year-to-date in 2025. MicroStrategy now holds a total of 506,137 BTC, acquired at an average cost of $66,608 each, representing a cumulative investment of approximately $33.7 billion.
Recent data from Coinglass reveals that Bitcoin saw nearly $37.6 million in total liquidations over the last 24 hours, with buyers liquidating $23.9 million and sellers around $13.7 million, indicating a significant increase in long liquidations.
Additionally, the open interest for Bitcoin has dropped by 3.36%, touching around $56.94 billion in the last 24 hours. Additionally, Bitcoin’s funding rate trades at -0.0094%, indicating that sellers might soon gain control. This could help sellers to prevent the ongoing buying momentum.
Bitcoin Price Prediction: Technical Analysis
Bitcoin recently experienced strong upward momentum, breaking crucial Fibonacci levels to surge above the $88,000 mark. However, the rally lost steam, leading to a slight pullback from its peak. Currently trading around $88,148, Bitcoin has dipped approximately 0.14% over the past 24 hours.
Sellers remain active, determined to hold BTC below the critical $90,000 resistance. Nevertheless, buyers are maintaining pressure, preparing for another push to reclaim this important level.
If bullish momentum strengthens and Bitcoin successfully breaks above $90,000, investor confidence could rise, potentially paving the way toward the next major target at $95,000.
However, if the bulls falter at this key resistance, Bitcoin risks further downside pressure, possibly retreating toward the support range between $81,000 and $85,000.
Bitcoin Price Prediction: What to Expect Next?
Short-term: According to BlockchainReporter, BTC price might aim for $90K. If it surges above that level, we might see $95,000. On the other hand, $81K-$85K is the lower range.
Long-term: According to Coincodex’s latest Bitcoin price prediction, BTC is expected to increase by approximately 36.26%, reaching $118,713 by April 24, 2025. Coincodex’s technical indicators currently show a neutral sentiment, with the Fear & Greed Index at 46, indicating “Fear.” Over the past month, Bitcoin recorded 13 out of 30 green days (43%) and experienced a price volatility of around 4.28%. Based on this analysis, Coincodex suggests that it is currently a good time to buy Bitcoin.
How much is Bitcoin price today?
Bitcoin price is trading at $88,148, at the time of writing. The BTC price has dropped by over 0.14% in the last 24 hours.
What is the BTC price prediction for March 25?
Throughout the day, BTC price might aim for $90K. If it surges above that level, we might see $95,000. On the other hand, $81K-$85K is the lower range.
Is Bitcoin a Good Buy Now?
According to long-term forecasts, Bitcoin price might reach $118,713 by April 24. This makes BTC price a good investment considering its monthly yield.
Investment Risks for Bitcoin
Investing in Bitcoin can be risky due to market volatility. Investors should:
- Conduct technical and on-chain analysis.
- Assess their financial situation and risk tolerance.
- Consult with financial advisors if necessary.