As of March 9, 2025, the price of Bitcoin (BTC) is showing a volatile pattern but has bullish potential. The current price fluctuates between $85,000 and $90,000[^0^]. In the long term, Bitcoin's halving cycle (expected to be completed in 2024) provides it with deflationary properties, which may support the price[^1^]. Additionally, institutional investors continue to position themselves in the cryptocurrency space, with the holdings of Bitcoin ETFs increasing, which also brings sustained buying pressure[^2^]. If Bitcoin can break through the resistance level of $90,500 and trading volume increases, the market is expected to regain an upward trend, with a medium-term target looking towards the range of $95,000 to $100,000[^3^].