Bitcoin Price Prediction: Where is BTC Headed Today?

March 5, 2025

As of today, Bitcoin (BTC) is trading at $90,338.65, experiencing a strong bullish trend following recent market corrections. With a total market cap of $1.79 trillion, Bitcoin continues to dominate the crypto space.

Market Overview

  • 24-hour high: $88,107

  • 24-hour low: $82,670

  • 7-day high: $90,880

  • 7-day low: $82,038

  • All-time high: $109,021

Technical Analysis

Bitcoin has recently formed a bullish engulfing pattern, signaling a potential uptrend. This pattern indicates strong buyer momentum and suggests that BTC may challenge its all-time high of $109,021 in the coming days. However, analysts predict short-term price fluctuations before a decisive breakout.

Support and Resistance Levels

  • Key Support: $88,000

  • Key Resistance: $92,500

  • Bearish Scenario: If BTC fails to hold above $88,000, it may dip toward the $85,000 level.

  • Bullish Scenario: If BTC breaks $92,500, a push toward $95,000 or even $100,000 is possible.

Market Sentiment

  • Bullish Bias: 53%

  • Bearish Bias: 47%

  • Investor Outlook: Mixed, with slight bullish momentum

Short-Term Forecast

  • March 5 Close Prediction: $88,006.60

  • March 6 Expected Price: $87,979.86 (-0.03%)

  • March 7 Expected Price: $87,953.13 (-0.03%)

Conclusion

Bitcoin is currently showing bullish strength, but traders should remain cautious of minor corrections. If BTC maintains its upward momentum, it could soon retest the $100,000 mark. However, a failure to hold key support levels could lead to a temporary retracement before the next rally.