It seems that Bitcoin (BTC) is preparing for a major price drop. On March 26, 2025, the global cryptography market experienced significant volatility, leading to major prices oscillations of losses.
Bitcoin (BTC) Price action and technical analysis
The global cryptocurrency market has experienced significant price fluctuations in the past few days. At the end of February and early March 2025, the market was completely favorable. During this period, the cryptography market experienced an impressive rise in the impressive momentum while forming a lower price action model.
Bitcoin price prediction
Bitcoin (BTC) formed the same reason for the four -hour period. According to an expert technical analysis, BTC has developed a lower mountainous corner scheme and is about to decompose.
Based on the action of recent prices and historical models, if BTC breaks out of the model and closes a four -hour candle below the level of $ 86,200, there is a high possibility that it can drop by 8.5%, which increases the price to $ 78,700.
Currently, BTC is negotiated below the exponential mobile average (EMA) over the daily time, indicating a downward trend.
$ 232 million in BTC outputs
Despite the uncertainty of the market and the action of lowering prices, whales and long -term holders have accumulated the BTC, according to the Coiginglass chain analysis company.
SPOT Flow and Everflow data reveals that exchanges have experienced a significant release of 233 million Dollars in BTC in the last 24 hours, indicating potential accumulation that could create purchase pressure and cause rise up.
This marks the fourth consecutive day of continuous BTC outputs from exchanges.
Lowering perspectives of traders
However, traders seem to support the current market feeling because they bet strongly on the short side. Coinglass data reveal that traders are over-discussed at $ 88,907 on the upper side and 85,813 on the lower side, with $ 1.20 billion in short positions and $ 722 million in short and long combined positions.
This clearly points out that the Bears are currently dominating the assets, and the price will not exceed the level of $ 88,907.
Current price momen
At the time of the press, BTC is negotiated nearly $ 86,690, having dropped by 1.50% in the last 24 hours. During the same period, its negotiation volume decreased by 10%, indicating a lower participation of merchants and investors compared to the day before.
