Bitcoin has bounced back, reclaiming the $80,000 level after falling to a four-month low. Just days ago, fear gripped the market as Bitcoin tumbled below $77,000, sparking concerns of a deeper sell-off. But in true Bitcoin fashion, the leading cryptocurrency staged a swift comeback, reigniting hopes of a stronger rally.
However, not everything is bullish just yet. The crypto market is still on edge, with the upcoming U.S. Consumer Price Index (CPI) report on March 12 expected to shake things up.
Here’s what you need to know.
Just days ago, Bitcoin dropped to around $76,800, raising fears of a deeper sell-off. However, the cryptocurrency rebounded swiftly and is now holding above $82,000. Despite this, Bitcoin is still down 14% in 2025 and remains 26% below its all-time high.
One of the key reasons behind Bitcoin’s recent dip was the reaction to U.S. President Donald Trump’s proposal for a national Bitcoin reserve. Initially, the announcement created excitement, but when no actual government purchases followed, investors felt let down.
Beyond Trump’s proposal, broader economic concerns have also affected Bitcoin. Inflation fears, rising interest rates, and global trade tensions have pressured prices. While the recent rebound shows strength, analysts warn that volatility is far from over.
Bitcoin’s derivatives market is showing signs of stability. The annualized premium on Bitcoin futures has stayed at 4.5%, even after the sharp decline between March 2 and March 11. This is a positive sign since, in previous major crashes, this premium dropped to zero or even negative levels, signaling extreme panic.
The Relative Strength Index (RSI), which measures price momentum, has also risen from 30 to 40, suggesting that selling pressure is easing. However, for Bitcoin to confirm a stronger recovery, the RSI needs to move above 50.
If Bitcoin continues this upward trend, analysts believe it could move toward $90,000. However, the next few days will be crucial in determining whether this recovery is sustainable or if another dip is coming.
All eyes are on Bitcoin as the market braces for its next big move.
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
With increased adoption, the price of 1 Bitcoin could reach a height of $610,646 in 2030.
As per our latest BTC price analysis, the Bitcoin could reach a maximum price of $5,148,828.
By 2050, a single BTC price could go as high as $12,436,545.
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