Gold Rallies, Traders Eye The Terter Correstion, BTC prices slip
Bitcoin (BTC) prices lost bullish momentum this week, down 7% from $88,060 on March 26 to $82,036 by March 29th.
The move wiped out $158 million in long liquidation and highlighted vulnerabilities in the spot and derivatives market.
Meanwhile, Gold surged to a record $3,087 on March 28, adding pressure to Bitcoin’s “digital gold” story.
The decoupling between Bitcoin and traditional hedges has sparked concern among market participants.
BTC/USD daily price chart. Source: TradingView
Trader and researcher Korsh Ak said Bitcoin formed another lower high (6th in 2025) that described the recent rally as “dead cat bouncing.”
He said Bitcoin has failed to exceed $90,000 for five consecutive days. He posted on March 28th.
“After trying five days in a row this week, the price didn’t reach $90,000.”
As influxes run out, long-term holders remain on the sidelines
On-chain metrics support bearish tones. Data from encryption indicates that long-term holders have suspended accumulation since November 2024.
Market analyst Ali flagged this on March 30, warning that revitalization of these wallets could indicate a change in the market direction.
Long-term Bitcoin holder. Source: Ali Martinez/X
According to Ali
“Long-term #bitcoin $btc holders have been suspended since November 2024. Their return could indicate a major trend change.”
At the same time, exchange inflows have been declining, suggesting a decrease in investor participation. Ali said lower inflows usually preceded the larger price movement, but did not predict the direction.
Analysts highlight bearish targets as macro outlooks deteriorate At BTC price
Altcoin Sherpa described the current structure of the weekly chart as a confirmed bear market. Depending on how macroeconomic conditions evolve, prices could drop to the $50,000-60,000 zone.
Source: AltCoin Sherpa/X
The analysts updated March 29th.
“We see the chop era, but it’s still a bearish trend.”
Source: Cryptocapo/X
Crypto Capo outlines a similar outlook, saying that BTC prices are at risk of falling to $62,000.
In his view, if it falls below the $84,000 to $85,000 range, it could lead to surrender towards support levels in April and November 2024.
ETF spills, inflation data compound sales pressure
On March 28, Bitcoin Spot Exchange-Traded Funds (ETF) recorded $93 million in net spills.
The timing coincided with growing fear of the US Federal Reserve and reduced delay rates.
Federal Reserve implicit fees on July 30th. Source: CME FedWatch
The CME FedWatch tool has a 50% chance of less than 4% by July 30th, down from 46% a month ago.
While mitigation can help with asset risk, recent ETF flows suggest that large players are cautious.
The US Dollar Index (DXY) fell to 104 from 107.4 a month ago. Nevertheless, Bitcoin failed to capitalize, unlike the historical pattern in which the weaker dollar boosts the code.
I hope that fluidity will emerge, but the bull will be quiet
X’s market commentator Mihaimihale said the US government could introduce tax cuts and low interest rates to offset the slowdown.
However, he added that last year’s expansion was driven primarily by government spending.
He posted,
“As we kickstart the economy, we need real liquidity, not policy optics.”
Still, some see room for recovery when central banks shift their policies. Alexandre Vasarhelyi, founding partner of B2V Crypto, said Bitcoin remains in the adoption phase and volatility reflects early stage growth. He said,
“There’s very little problem with Bitcoin floors being $77,000 or $65,000… 2025 is still the year of the foundation and not a turning point.”
Bitcoin prices, coupled with inactive long-term holders and rising macro pressure, will fail to push beyond $90,000, increasing the likelihood of breakdowns.
Traders are aiming for $62K as their next major support, but updated purchases from long-term holders or central bank dovish could change that outlook.
