$BTC Current Technical Analysis
In recent weeks, Bitcoin has experienced significant movements. After reaching an all-time high of $106,491 in January 2025, the price retraced, hitting lows around $78,000 in February. This decline coincided with record outflows from Bitcoin ETFs, totaling $3.3 billion, suggesting profit-taking by institutional investors.
Currently, Bitcoin shows signs of consolidation. The key support is in the $85,000 zone, while immediate resistance is near $92,800. Technical indicators, such as the RSI, indicate that the asset is in a neutral zone, which could precede a significant movement in either direction.
Recent Fundamental Events
The President of the United States, Donald Trump, signed an executive order to establish a strategic reserve of Bitcoin, accumulating approximately 200,000 BTC. This measure aims to position the U.S. as a leader in the cryptocurrency space and has generated expectations for greater institutional adoption.
Future Projections
Analysts from VanEck anticipate that Bitcoin could reach $180,000 in the first quarter of 2025, followed by a 30% correction. Other experts suggest that the peak of the current cycle could be between $155,000 and $175,000, expected between April and August 2025.
