$BTC

On March 8, 2025, Bitcoin experienced significant volatility. In the morning, Bitcoin briefly fell below $88,000, reaching a low of around $87,500, raising concerns in the market about a short-term correction. In the afternoon, the price rebounded slightly, and as of the time of writing, Bitcoin had risen to $88,102.23, with a daily increase of 1.01%, but overall it remains in a downward trend, with a 24-hour trading volume of $63.963 billion.

Technical analysis shows that there is significant selling pressure in the current market, with price declines accompanied by an increase in trading volume, which may reflect a rise in investor pessimism. The Williams indicator indicates that the market is not yet overbought or oversold, but if it breaks below key support levels, it could trigger deeper declines. Additionally, policy dynamics are under scrutiny; the crypto-friendly policies and strategic reserve plans promoted by the Trump administration may serve as long-term support factors. There are still divergent predictions among institutions, with Standard Chartered and others bullish to $200,000, but short-term volatility risks are high, and investors need to be cautious of extreme fluctuations.