$BTC

Today, March 8, 2025, Bitcoin (BTC) is the center of attention with significant fluctuations. The current price of BTC ranges from $95,000 to $100,000 after reaching a peak of $109,000 earlier this year, reflecting a mixed market sentiment between optimism and caution. BlackRock continues to accumulate BTC, increasing its total ownership to 569,000 coins (approximately $57 billion), reinforcing the trend of institutional accumulation. However, selling pressure from rumors about the U.S. cryptocurrency reserve fund is causing price adjustments.

Technical analysis: RSI is at 70-75, near the overbought threshold, signaling a potential short-term reversal. MACD is giving a slight bearish signal, but the MA200 daily frame is still providing good support, maintaining the long-term upward trend. Trading volume has surged, indicating a fierce battle between buyers and sellers. Important support lies at $90,000; if broken, BTC could plunge to $80,000. Conversely, breaking above $100,000 would pave the way to $110,000.

Macroeconomic factors: The Fed's monetary policy and the upcoming Trump inauguration (January 20) could trigger significant volatility. BTC today is an attractive gamble – both with potential breakout and the risk of deep correction!