In just two months, the Bitcoin environment has experienced a significant reboot, as the public interest of more than $ 10 billion disappears, and analysts predict that the price of the flagship encryption will soon recover.
Sudden change stimulated discussions on the future price trajectory of Cryptocurrency. Some market experts consider this as a new start, but other market experts still warn that they still have a lot of uncertainty.
Bitcoin is attracting attention
According to the report, Bitcoin’s public interest reached $ 33 billion on January 17, but more than $ 10 billion disappeared by early March. This large -scale liquidation was promoted by various factors, including extensive political noise and extensive market conditions.
🔍 $ BTC The market is deleveraging: natural reset?
On January 17, Bitcoin’s public interest reached a record high of more than $ 3.3 billion, indicating that the market leverage was never high.
Related due to political instability according to the recent panic… pic.twitter.com/kplq63SHX3
-DarkFost (@darkfost_coc) March 16, 2025
This figure shows that Bitcoin’s public interest in the 90 -day future decreased 14% from February 20 to March 4. Many traders’ forced withdrawal had to change the gear. Others worry that more volatility will come next, while others see this as a positive adjustment.
Merchants see the signs of stability
Traders are now looking for stability because the public interest has declined significantly. Some people argue that the market is more suitable for long -term expansion. Others are carefully cautious to see that more market swings can come before Bitcoin has a strong foundation.
I need attention
The founder of Cryptoverse INTO of Benjamin Cowen warns that if the price is lower than the $ 70,000, the current bull is at risk. He suggests that the closeness of the $ 60,000 is a warning that the bull market is over compared to the 2017 cycle. On the other hand, if you keep the price of 70,000 to $ 73,000 or more, it will protect the market structure.
https://www.youtube.com/watch?v=PuOOWNX8NC8
Bitcoin is currently about $ 82,900. Cowen says that if the price falls below the level of support, the lowest macroscopic best can occur later this year. This means that the picture of the market is weaker by Q3. But if the past trend is correct, this integration stage can lead to another big increase in the next few months.
Optimism
Meanwhile, Bitcoin’s long -term prognosis is still hopeful. According to Josh Mandel, a famous analyst and millionaire with more than 79,000 followers, Bitcoin can cost $ 100,000 if the price of Bitcoin is more than $ 84,000 at the end of the month.
Bitcoin’s price behavior is still uncertain
Recently, liquidation emphasizes how quickly the situation can change, and the Bitcoin market has seen a sharp change in prices in the past. Some investors see this as an opportunity to lower their assets, but other investors will see how the market responds.
Now everything is the harmony of uncertainty and optimism. It is an atmosphere in the atmosphere. As they said, something can happen in encryption.
Gemini Imagen’s main image, TradingView chart
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