Bitcoin (BTC) Price Prediction: The World's Largest Cryptocurrency Appears to Be Shifting From Its Prolonged Consolidation to Massive Upside Momentum

Today, March 20, 2025, Bitcoin (BTC), the world's largest cryptocurrency, appears to be shifting from its prolonged consolidation to massive upside momentum.

Bitcoin (BTC) is known for its volatility, and recent price action has seen traders betting big on both the up and downside of the world’s largest cryptocurrency.

According to the latest data from the on-chain analytics firm CoinGlass, traders are massively over-leveraged. In particular, over-leveraged longs of nearly $920 million were liquidated at $83,400, while over-leveraged shorts of around $375 million were liquidated at $86,300.

BTC Price Analysis: Bulls in полном разгаре как минимум до $90 000

After the March FOMC, where the Fed decided to keep interest rates unchanged, BTC broke its prolonged consolidation and broke the resistance of the 200 Exponential Moving Average (EMA) on the daily timeframe.

However, it is still not fully confirmed whether BTC will continue its 10-week consolidation or rally.

If we look at the recent price action and historical patterns, a close above the $85,800 mark may propel BTC to soar by 8% and reach $92,600 in the coming days.

This bullish thesis will remain valid only if BTC manages to stay above the $85,600 mark; otherwise, it may fail.

At press time, BTC is trading at $85,500, showing an increase of over 4%. In the past 24 hours, BTC’s trading volume has shot up by 40%, indicating greater participation from traders and investors compared to the previous day following the bullish price action.

After the recent triple-top rejection at the $74,000 level, which led to a 20% price correction, traders appear to be cautiously optimistic about the asset.