Join Our Telegram channel to stay up to date on breaking news coverage
The Bitcoin price has fallen 3% in the last 24 hours to trade at $84,135 as of 11 p.m. EST on a 40% pump in trading volume to $33.6 billion.
The drop in the BTC price comes even as Strategy (previously MicroStrategy) Chairman Michael Saylor remains highly bullish on Bitcoin’s long-term potential.
Speaking at the DC Blockchain Summit, Saylor predicted that Bitcoin’s market capitalization could eventually reach $500 trillion.
$MSTR: Michael Saylor says Bitcoin's market cap will eventually reach $500 trillion.
The capital will be flowing from all the assets into $BTC. pic.twitter.com/9lhbAmSSOd
— HodlFM Team (@Hodl_fm) March 28, 2025
Saylor believes Bitcoin’s fixed supply and decentralized nature will drive it to absorb value from traditional assets, solidifying its position as the ultimate store of value.
Bitcoin Price Stabilizes As Market Eyes Potential Uptrend
Bitcoin (BTC/USDT) is currently trading at $84,135 as the market shows early signs of a potential recovery. After weeks of consolidation, BTC has established a key support zone between $75,000 and $77,000, preventing further downside.
Investors and traders are now watching for a breakout above $90,000, which could confirm a shift in momentum and reignite bullish sentiment. The recent price movement follows Bitcoin’s strong rally in late 2024, where it surged past previous resistance levels after breaking out of a bearish channel.
However, the rally was short-lived as BTC hit a major resistance zone at $100,000, leading to a correction. Since then, the price has been forming a rounded bottom pattern, a classic bullish reversal signal that indicates growing buying interest.
BTCUSDT Analysis Source: Tradingview
Technical indicators point to a potential recovery, with the Relative Strength Index (RSI) at 47.30, signaling neutral momentum. If RSI moves above 50, it could indicate increasing bullish strength.
The next key resistance stands at $90,000, and a breakout above this level would likely pave the way for a retest of $100,000. On the downside, failure to hold above $80,000 could see Bitcoin revisiting support in the $75,000-$77,000 range, raising concerns of further declines.
Increased volatility could lead to sharp price swings. A decisive breakout above resistance could fuel renewed optimism, while a rejection at key levels may trigger further consolidation in the weeks ahead.
BTC Bull Token Presale Zooms Toward $5 Million – Best Crypto To Buy Now?
With Bitcoin gaining bullish momentum, investors seeking potential gains may find BTC Bull Token (BTCBULL) to be a compelling option.
This Bitcoin-themed meme coin has already garnered huge attention, raising over $4.2 million in its presale.
Crypto analyst and YouTuber Alessandro De Crypto, who has over 14.4K subscribers, has endorsed BTCBULL. He says he bought it himself and predicts substantial potential gains for the token.
BTC Bull Token is designed to celebrate and support Bitcoin’s journey to $1 million per coin. It offers unique incentives to holders, including Bitcoin airdrops and BTCBULL token burns at key price milestones.
Token holders using Best Wallet will receive free Bitcoin airdrops starting when Bitcoin reaches $150K, with additional airdrops for every $50K increase thereafter.
BTCBULL token burns start when BTC hits $125K and repeat with every subsequent $25K increase. Such burns permanently reduce the token supply, increasing scarcity and putting upward pressure on price.
BTCBULL has breached the system. Bitcoin is here to stay. ⚡ $CTX $PRQ $SPA pic.twitter.com/1ri7pxPFD8
— Nadeem632 (@Nadeem6321) February 24, 2025
Investors can also earn a huge 99% annual return by staking their BTCBULL tokens.
Currently priced at $0.002435, BTCBULL can be bought with cryptocurrency or a bank card.
Buy before a price hike in less than 2 days to secure the best deal.
Check out BTC Bull Token on the official website.
Related Articles:
- Crypto.com CEO Says SEC Dropped Investigation
- As Pepe Drops 3%, Experts Say Consider This AI Derivative
- 6 Best Altcoins to Watch Today
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
