Investors monitor support at $76,000; a breakthrough may increase declines.
Bitcoin (BTC) is about to end the first quarter of 2025 with a decline of 6.30%, reaching $87,000, the worst performance for this period in the last five years. This pullback exceeds the combined losses of the three main U.S. indices in the same timeframe.
Experts attribute this devaluation to several factors, including the stance of U.S. President Donald Trump, who, despite promoting a more favorable regulatory environment for cryptocurrencies, adopted trade and foreign policies that increased volatility in the markets. Additionally, maintaining interest rates by the Federal Reserve between 4.25% and 4.50% reduced appetite for risk assets, such as Bitcoin.
Bitcoin had a historic year in 2024, recording an appreciation of over 120% and surpassing the $100,000 mark for the first time. The rally culminated in a new peak at $109,350, consolidating the asset as one of the main highlights of the financial market. However, in the first months of 2025, the scenario began to change, and the asset entered a corrective movement. Since the beginning of the year, it has accumulated a decline of over 6%, with selling pressure driving the price down to $76,640, where it found relevant support.
Now, the market is closely watching this region as a decisive point. Bitcoin will need to show buying strength to resume the upward trend and aim for $100,000 again, or it risks losing important supports, which could increase selling pressure and open the way for deeper declines.
To understand how far the price of Bitcoin can go, check out the complete technical analysis and the main support and resistance points.
