Bitcoin (BTC) Price Prediction: Will BTC Continue Its Downward Trend?

Bitcoin price faced a strong bearish momentum due to increasing selling pressure. Currently, the price of BTC is consolidating around the bearish zone at $83K.

Bitcoin price faced a strong bearish momentum due to increasing selling pressure. Currently, the price of BTC is consolidating around the bearish zone at $83K. Over the past 24 hours, Bitcoin’s trading volume dropped by more than 43.39%, totaling $17.2 billion.

In a broader perspective, Bitcoin fell below $100,000 on January 7 and showed a downward trend. It reached a low of approximately $89,397 on January 13. On Feb 3, Bitcoin again crashed and reached a low near $91K. In recent days, the price has been facing increased volatility toward $80K. Over the last 24 hours, its total market capitalization dropped by 0.7%, settling at $1.64 trillion.

Bitcoin Nears Worst Q1 Since 2018

Bitcoin faces potential downside toward the $80K mark, pressured by mounting investor anxiety amid escalating global trade tensions. These concerns intensified following the U.S. announcement of new tariffs and the release of February’s higher-than-anticipated PCE report.

Notably, Bitcoin is approaching its weakest first-quarter performance since 2018. According to data from Coinglass, BTC has declined approximately 11.08% in Q1 2025, slightly underperforming the 10.83% drop recorded in Q1 2020 but still significantly better than the steep 49.7% plunge witnessed in Q1 2018.

Further compounding this bearish outlook, Coinglass data shows total Bitcoin liquidations reached nearly $86.31 million over the past 24 hours. Of this total, long positions accounted for roughly $73.27 million, substantially outweighing short liquidations at about $13.04 million, highlighting increased pressure on bullish traders.

Additionally, Bitcoin’s open interest has fallen by approximately 3%, settling near $54.12 billion during the same 24-hour timeframe. Despite these bearish indicators, the funding rate remains positive at +0.0003%, suggesting that buying strength could soon return, potentially helping bulls regain momentum and counteract the ongoing market downturn.

Bitcoin Price Prediction: Technical Analysis

Bitcoin recently came under intense selling pressure, pushing prices below crucial Fibonacci support levels and driving it down to a low of $81,644. At present, BTC trades near $83,074, reflecting a modest 0.75% decline over the past 24 hours.

The $85,000 level has emerged as a key battleground, with sellers actively protecting this resistance to halt any recovery efforts. Despite this defensive stance, buyers remain resilient, positioning themselves for another push to reclaim this pivotal mark.

If buyers manage to regain control and break decisively above $85,000, it could boost market sentiment significantly, paving the way for further upward momentum toward the next major milestone around $90,000.

Conversely, if bullish attempts continue to stall at the $85,000 resistance, Bitcoin could experience renewed downside pressure, potentially retreating toward support levels in the $81,000 to $85,000 zone.

Bitcoin Price Prediction: What to Expect Next?

Short-term: According to BlockchainReporter, BTC price might aim for $85K. If it surges above that level, we might see $90,000. On the other hand, $81K-$85K is the lower range.

Long-term: According to Coincodex’s latest Bitcoin price prediction, BTC is forecasted to increase by approximately 38.22%, potentially reaching $116,112 by April 28, 2025. Coincodex’s technical indicators currently show bearish market sentiment, accompanied by a Fear & Greed Index reading of 26, indicating “Fear.” Over the past 30 days, Bitcoin experienced 15 green days (50%) with a price volatility of about 2.97%. Considering these factors, Coincodex suggests that it is currently not an ideal time to buy Bitcoin.

How much is Bitcoin price today?

Bitcoin price is trading at $83,074, at the time of writing. The BTC price has dropped by over 0.75% in the last 24 hours.

What is the BTC price prediction for March 30?

Throughout the day, BTC price might aim for $85K. If it surges above that level, we might see $90,000. On the other hand, $81K-$85K is the lower range.

Is Bitcoin a Good Buy Now