As of March 1, 2025, Bitcoin (BTC) is trading at $84,343, reflecting a modest increase of $329 (0.39%) from the previous close.
In recent weeks, Bitcoin experienced a significant decline, dropping 21.3% between February 21 and February 28, retesting the $78,300 level for the first time since November 2024.
Analysts are closely monitoring key support and resistance levels. A critical support is identified at $78,000, corresponding to a CME gap that Bitcoin is approaching. On the upside, if selling pressure eases, BTC could bounce to $92,325.
Market sentiment remains cautious, with some analysts suggesting that Bitcoin's price could be approaching its bottom this cycle as it lingers below $83,000 and market sentiment remains fearful.
Looking ahead, historical patterns suggest potential for a Bitcoin rally in March. Some indicators have confirmed a bullish trend, with next targets projected at $300,000 for
