Bitcoin (BTC) fell sharply after US President Donald Trump signed an executive order that creates a Bitcoin strategic reserves.
However, instead of raising a bullish reaction, the advertisement turned into the classic “news sale” event, as Bitcoin collapsed from $ 92,000 to less than 85,000 dollars before settling about $ 88,000 at the time of the press.
The cryptocurrency was recovered from $ 83,000 to $ 92,000 earlier in the week before the White House encryption summit on March 7. However, the investor’s feelings were strained after the request failed to determine the purchase strategy, rather than relying on bitcoin assets seized without any immediate impact on the market.
At the same time, some analysts believe that this is a step that can encourage other countries to follow their example, and more legitimacy on bitcoin.
In addition to this mixture, fresh job data in the United States is added to market speculation, while increasing the salaries that are not cultivated by 151,000 seasons for this month, in line with expectations, while unemployment increased to 4.1 %, providing optimistic about possible price discounts by the Federal Reserve.
FinBold AI expects Bitcoin price on March 31
Since Bitcoin is hovering around its current level, it has provided the FinBold prediction tool with artificial intelligence materials for updated expectations for its path leading to March 31, 2025. Based on technical indicators and market trends, the average BTC price expects $ 102,938, which reflects 16.34 % profit of its price in time from $ 877.
Despite the overall upper projection, artificial intelligence models show a set of possible results. The most optimistic expectations, created by Claude 3.5 Sonnet, expect 21.22 %, which will put BTC about $ 10,217 by early April.
Meanwhile, Grok 2 Vision offers a more cautious look, expected 12.46 %, and translated into a price of $ 99,484.
Analyst takes on BTC
Despite the remaining mixed feelings, the broader trend is still upward. According to the analysis before Tradingshot, Bitcoin is expected to merge sideways throughout March, trying to create a company bottom before taking a decisive step. Historical price trends indicate that a possible penetration can be revealed within one month.
At the same time, Cryptoquant Analysts Note This bitcoin is currently in the retreat stage, as it prevents liquidity restrictions. The short -term marches may face resistance, and it is unlikely to be the continuous upward trend until Bitcoin enters a new accumulation stage.
Until the long -term body accumulation resumes, analysts warn that bitcoin may struggle to maintain the upscale momentum, which delays a decisive outbreak.
Distinctive image via Shutterstock
