$BTC

As of March 11, 2025, Bitcoin (BTC) is trading around $81,800, reflecting a slight decrease from the previous close.

Recently, Bitcoin experienced a significant drop to a four-month low of $76,867 before rebounding. This decline is attributed to investor disappointment over President Donald Trump's announcement of a strategic Bitcoin reserve that lacked plans for active government purchasing. Additionally, broader market concerns, such as tariffs and economic slowdown, have led investors to move away from riskier assets, further impacting Bitcoin's price.

Technical analysis indicates a double top pattern, suggesting potential further downward movement. Key support levels to monitor are $80,400 and $74,000, while resistance levels are at $98,500 and $106,000.

Despite the recent downturn, Bitcoin remains a significant player in the cryptocurrency market, with a market capitalization of approximately $1.7 trillion.