Why are investors closely watching Bitcoin’s latest price action? After Bitcoin fell below $100,000 in early February 2025, market observers are debating whether the cryptocurrency could drop further to the $75,000-$80,000 range. The digital currency briefly touched $92,000 before bouncing back above $100,000, raising questions about its next major move.
Trade tensions between the United States, China, and Canada have increased market volatility, putting pressure on cryptocurrency prices. While Bitcoin’s Relative Strength Index (RSI) remains below 90, suggesting room for potential growth, some analysts are focused on key support levels that could prevent a deeper decline. Recent speculation suggests that newly appointed White House A.I. and Crypto Czar David Sacks may influence future price movements.
Multiple market experts have identified $90,000 as a significant support level to watch. Technical indicators, including the 200-week Moving Average and Fibonacci retracement levels at $85,550 and $91,912, are being closely monitored by traders. The fixed supply limit of 21 million coins continues to be a fundamental factor supporting Bitcoin’s value proposition. The psychological $100,000 mark has also emerged as an important reference point for market sentiment.
Despite recent price weakness, several analytical firms maintain optimistic forecasts for 2025. Lookonchain analysis suggests Bitcoin hasn’t reached its peak, while the Bitcoin Rainbow Chart indicates potential for prices to enter the “red band.” Changelly projects an average price of $114,804 for March 2025, and Digital Coin Price estimates an average of $210,644 for the year.
However, several factors could contribute to downward pressure on Bitcoin’s price. These include growing concerns over the cryptocurrency’s energy consumption, evolving regulatory requirements around anti-money laundering and know-your-customer laws, and the possibility of profit-taking following recent all-time highs.
Historical patterns show that Bitcoin typically experiences corrections after major price rallies. The $75,000-$80,000 range, which previously acted as resistance, could now serve as a support zone if prices continue to decline.
As global markets navigate uncertain trade relations and regulatory changes, Bitcoin’s price movement remains a focal point for investors worldwide.
