$BTC

As of March 12, 2025, Bitcoin (BTC) is trading at approximately $82,578, reflecting a 5.39% increase from the previous close.

Technical indicators present mixed signals for Bitcoin's short-term trajectory. According to CoinLore, out of 17 technical indicators, 2 suggest buying, while 12 recommend selling, indicating a bearish sentiment. The 14-day Relative Strength Index (RSI) stands at 35.15, suggesting neutral market conditions.

Conversely, Binance's analysis on the weekly timeframe portrays a bullish outlook. The 50-day moving average is ascending and positioned below the current price, potentially serving as support. The 200-day moving average has been rising since July 9, 2024, reinforcing a strong upward trend.

Price forecasts for the upcoming two weeks vary. According to 30rates.com, Bitcoin is projected to reach $73,629 by March 25, 2025, with a potential high of $78,783 and a low of $68,475. Traders Union forecasts a decline, predicting a price of $74,413.54 by the end of the month.

In summary, while technical indicators and forecasts present mixed signals, the prevailing sentiment leans towards a bullish trend for Bitcoin over the next two weeks.