As of March 29, 2025, Bitcoin (BTC) is trading at approximately $82,252, reflecting a decrease of about 3.15% from the previous close.
This decline follows a recent peak of $109,225 in January, with current levels around $86,500, indicating a significant pullback.
Technical indicators show that BTC has formed higher highs and higher lows, suggesting an overall upward trend. However, recent retracements to the low $80,000 range are viewed by some analysts as typical market corrections rather than signs of deeper bearish momentum.
It's important to note that market sentiment is influenced by various factors, including macroeconomic policies and investor behavior. While some experts remain optimistic about Bitcoin's long-term prospects, others caution about potential volatility in the short term.
Investors should stay informed and consider both technical analyses and broader economic indicators when making investment decisions in the cryptocurrency market.