Bitcoin (BTC) has been moving in a horizontal consolidation range between $84.5K and $82.3K over the past four days, struggling to regain momentum. After a strong rally earlier this year, the cryptocurrency now seems stuck, leaving traders wondering what could be next.
The market has been on edge since U.S. President Donald Trump
Investor sentiment remains cautious, with the BTC Fear and Greed Index hovering around 34, signaling fear in the market. Many traders are wary of another drop below $80K.
As the U.S. intensifies its tariff war policies, investors have been flocking to gold as a safe-haven asset. In response, gold prices have surged 4% in the past five days, reaching a record high of $3,017 per ounce on Tuesday, March 18, during early European trading.
Bitcoin, often referred to as “digital gold” by leading central banks like the Federal Reserve, has also caught institutional attention. Data from IntoTheBlock reveals a sharp rise in large BTC transactions (over $100K), jumping from 6,332 on March 16 to 9,291 on March 18.
Spot Bitcoin ETFs Show Signs of Recovery
After five consecutive weeks of outflows, U.S. spot Bitcoin ETFs may finally be reversing the trend. On Monday, none of the issuers recorded net outflows, marking a potential turning point. Fidelity’s FBTC led the way with $127 million in inflows, contributing to a total net inflow of $274 million.
From a technical standpoint, Bitcoin is attempting to follow gold’s bullish momentum. However, leveraged sellers have maintained control over the past 24 hours.
One prominent Bitcoin trader has significantly increased their short position, raising it from $400 million to nearly $520 million, with a liquidation price of $85,565.
Meanwhile, crypto analyst Ali Martinez predicts that Bitcoin could retest the $78K level after breaking down from an ascending triangle pattern on the four-hour chart.
With Bitcoin stuck in a tug-of-war between bulls and bears, the next move could set the tone for the weeks ahead. Will it follow gold’s lead or take its own path? The market is watching.
The BTC price may range between $82,000 and $85,000 for today.
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars.
Story Highlights Binance Coin Price Today is . The BNB price prediction anticipates a potential…
Recently, BlackRock introduced a Bitcoin Exchange-Traded Product in Europe. It has sparked serious discussions in…
Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…
Binance, one of the biggest cryptocurrency exchanges, has officially stopped spot trading pairs for USDT…
Charles Hoskinson, founder of Cardano (ADA), has shared his positive outlook on the future of…
Story Highlights The Ethereum price today is . ETH price with a potential surge could…