Following the signing of the executive order by U.S. President Donald Trump to create a Strategic Bitcoin Reserve (BTC), its value continued to decline.
The reason for this drop is that the document does not mention the purchase of bitcoins, but the use of previously confiscated assets. This does not create additional demand in the market and, consequently, does not support the price.
Some experts, however, believe that this step enhances Bitcoin's status and may provoke a race among countries to acquire it.
To clarify the situation, artificial intelligence conducted an analysis and provided a price forecast for BTC at the end of March. According to technical indicators and market trends, the average expected value will be $102,938, which is 18% higher than the current mark of around $86,000.
BTC price forecast from AI
This forecast is not the most optimistic. The Claude 3.5 Sonnet model predicts a growth of 21.22%, which will bring the price to $107,217.
A more cautious forecast was presented by Grok 2 Vision, expecting an increase of 12.46% to $99,484.
Despite mixed sentiments in the market, the long-term trend remains bullish. TradingShot analysts suggest that throughout March, Bitcoin will move within a sideways range, after which it may make a jump upwards.
Meanwhile, CryptoQuant specialists are less optimistic. They point to a lack of liquidity that will prevent BTC from establishing a sustainable upward trend until the start of a new accumulation phase.#TrumpCryptoSummit
