Bitcoin (BTC) Struggles to Maintain Positive Momentum

On March 18, 2025, Bitcoin (BTC) struggled to maintain its positive momentum

March 18 brought mixed fortunes for the crypto market, with Bitcoin struggling to maintain its positive momentum.

* **Bitcoin (BTC) showed a slight decrease of about 0.23% over the last 24 hours, trading at approximately $83,044.68 at 07:05 PST (10:05 ET). The coin’s price moved within a 24-hour range of $82,492.15 and $84,725.33, highlighting its tight trading boundaries. At the same time, Bitcoin's market cap saw minor shifts, falling by 0.26% to $2.71 trillion, amid rising trading volumes, which increased by 7.83%, reaching $72.94 billion. This increase foreshadowed some underlying volatility within market dynamics. The overall sentiment among investors remained cautious, with fears about market conditions reflected through the Crypto Fear and Greed Index. The market sentiment was reflected as 'fear,' indicating hesitant traders.

* As for other cryptocurrency movements, data from CoinDeFi showed that Ethereum (ETH) saw gains contrary to the overall trend, marking it as one of the more resilient assets during trading sessions. Ethereum's price increased by approximately 0.55%, now trading at $1,906.32, with today's lows and highs seen at $1,880.48 and $1,951, respectively. At the same time, analysts from Standard Chartered revised their price predictions for Ethereum, stating it may not hit the projected $10,000 mark by 2025, now expecting it to reach around $4,000.

* XRP, on the other hand, encountered notable challenges, sliding over 1.8% to trade at $2.29 after hitting new highs of $2.38. Among the top ten cryptocurrencies, Solana (SOL) faced further declines, decreasing nearly 3% to around $124.54, trading between $123.77 and $130 within the prior 24 hours.

* Among the top 100 cryptocurrency changes, PancakeSwap (CAKE) emerged as the day’s leader among gainers, adding 21.59% to its price and trading at $2.59. Other notable risers included Pepe (PEPE) and TRON (TRX), which increased by 5.67% and 5.01%, respectively. Still, Pi experienced the most considerable decline among top assets, dropping by 16.20%, now priced at $1.17.

* As for the broader market trends, Bitcoin struggled to break through the resistance level at $84,400, which it tested multiple times before facing downward movements. Following price tests against this threshold, we observed swift movements in Bitcoin's price, taking it from $84,400 to approximately $82,700. This cautious behavior appears reflective of deteriorated on-chain metrics and liquidity issues highlighted by noted experts like Ki Young Ju, CEO of CryptoQuant, who pointed out that the bullish phase of Bitcoin might have already closed, as fresh liquidity evaporated and new whales dump Bitcoin at lower prices, ultimately leading to lower lows and higher highs. This sentiment signals a decline in confidence in Bitcoin, which might translate to prolonged support struggles and increasing selling pressure.

* From a technical perspective, Bitcoin's Relative Strength Index (RSI) has entered bearish territory on both the four-hour and daily charts. The 50 and 100-day Exponential Moving Averages (EMA) presented significant resistance around $84,400, posing challenges for traders aiming for bullish trajectories. Should Bitcoin manage to rally past this resistance, it could mark renewed investor interest amid potentially favorable macroeconomic data and supportive capital influxes from institutions.

* Throughout March, Bitcoin initially displayed bullish tendencies but faced growing obstacles to maintain price levels outside the $80,000 to $85,500 range. Over the coming days, these market actions suggest continued uncertainties, possibly resulting either in protracted consolidation or lower trading points. For those observing, the continuous movement of Bitcoin is pivotal, as it remains the leading cryptocurrency, influencing the overall crypto market's direction and investor sentiments.

* Alternatively, other cryptocurrencies continue to show various performance trends. Chainlink (LINK) showed a slight gain of 2.79%, now trading at $14.05, signaling some growth amid the broader market hesitancy. At the same time, many smaller currencies, such as Basic Attention Token (BAT) and Decred (DCR), recorded slight gains of 2.22% and 2.70%, respectively, sustaining some minor upward moves.

* Nevertheless, significant declines were noted across various tokens