Bitcoin risks falling below the critical support of $ 78,258, opening the doors for an additional fall at $ 73,777.
Bitcoin (BTC) Bulls tried to push the price above $ 85,000, but the Bears kept good. A minor positive is that larger investors seem to accumulate at lower levels.
The Santiment Research Cabinet said in an article on X that portfolios with 10 BTC or more had bought around 5,000 bitcoin since March 3. The researchers added that if the purchase by the big players continues, the second half of March could be much better than the recent Bitcoin performance.
However, not everyone is optimistic about Bitcoin in the short term. Bitmex’s co-founder and Maelstrom investment director of investment, Arthur Hayes said in an X article that Bitcoin could retest $ 78,000 and even below $ 75,000.
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