Bitcoin is Trading -15.98% Below Our Price Prediction for Mar 04, 2025

by Adolf Balistreri

Disclaimer: Right here’s no longer funding suggestion. The conception supplied is for total applications excellent. No knowledge, materials, companies and other yelp supplied on this internet page constitute a solicitation, suggestion, endorsement, or any monetary, funding, or other suggestion. Look for impartial educated session in the fabricate of correct, monetary, and monetary suggestion before making any funding resolution.

  • Bitcoin is down -6.44% at the present time against the US Buck
  • BTC/ETH elevated by 2.fifty three% at the present time
  • Bitcoin is in the intervening time buying and selling 15.98% under our prediction on Mar 04, 2025
  • Bitcoin dropped -21.85% in the final month and is up 29.64% since 1 year in the past
Bitcoin tag $ seventy nine,680
Bitcoin prediction $ 94,837 (14.14%)
Sentiment Bearish
Worry & Greed index 10 (Vulgar Worry)
Key purple meat up levels $ 81,135, $ 78,271, $ 74,140
Key resistance levels $ 88,131, $ 92,263, $ 95,127

BTC tag is anticipated to upward thrust by 14.14% in the next 5 days in response to our Bitcoin tag prediction

is buying and selling at $ seventy nine,680 after shedding -6.44% in the final 24 hours. The coin underperformed the cryptocurrency market, as the total crypto market cap decreased by -6.55% in the identical duration of time.

In step with our Bitcoin tag prediction, BTC is anticipated to reach a tag of $ 94,837 by Mar 04, 2025. This would recount a 14.14% tag expand for BTC in the next 5 days.

BTC Imprint Prediction Chart

Purchase/Promote Bitcoin

What has been occurring with Bitcoin in the final 30 days

Bitcoin has been exhibiting a unpleasant pattern no longer too lengthy in the past, as the coin lost -21.85% in the final 30-days. The medium-duration of time pattern for Bitcoin has been bearish, with BTC losing by -17.50% in the final 3 months. The lengthy-duration of time image for Bitcoin has been sure, as BTC is in the intervening time exhibiting a 29.64% 1-year tag alternate. On in the intervening time final year, BTC used to be buying and selling at $ 61,460.

Bitcoin reached its all-time high tag on Jan 20, 2025, when the price of BTC peaked at $ 109,079. The sizzling BTC cycle high is $ 81,510, whereas the cycle low is at $ seventy nine,595. BTC has been exhibiting low volatility no longer too lengthy in the past – the 1-month volatility of the coin is at 4.18. Bitcoin recorded 13 inexperienced days in the final 30 days.

Bitcoin technical diagnosis for at the present time – Feb 28, 2025

The sentiment in the Bitcoin markets is in the intervening time Bearish, and the Worry & Greed index is reading Vulgar Worry. Necessary purple meat up levels to mediate are $ 81,135, $ 78,271 and $ 74,140, whereas $ 88,131, $ 92,263 and $ 95,127 are the major resistance levels.

Bearish sentiment for Bitcoin

9 indicators are in the intervening time signaling a bullish prediction for Bitcoin, whereas 24 indicators are exhibiting a bearish forecast. With 73% of indicators favoring a unpleasant prediction. This outcomes in an overall Bearish sentiment for Bitcoin.

Crypto market is in the intervening time experiencing Vulgar Worry

For the time being, the Worry & Greed index is at 10 (Vulgar Worry), which indicators that investors salvage a unpleasant outlook on the market. The Worry & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading means that investors are in the intervening time optimistic in regards to the cryptocurrency market, however would possibly even furthermore be an illustration that the market is overrated. A “Worry” reading, on the replace hand, indicators that investors are in the intervening time hesitant in regards to the cryptocurrency market, which potentially represents a buying opportunity.

Bitcoin transferring averages & oscillators

Let’s seize a see at what one of the predominant largest technical indicators are signaling. We’ll be going by map of key transferring averages and oscillators that can allow us to win a bigger belief of how Bitcoin is positioned available in the market correct now.

Length Day-to-day Easy Day-to-day Exponential Weekly Easy Weekly Exponential
MA3 $ 89,921 (SELL) $ 96,368 (SELL)
MA5 $ 91,938 (SELL) $ 96,925 (SELL)
MA10 $ 95,123 (SELL) $ 96,969 (SELL)
MA21 $ 95,936 (SELL) $ 96,885 (SELL) $ 154,603 (SELL) $ 88,384 (SELL)
MA50 $ 98,459 (SELL) $ 95,083 (SELL) $ 106,765 (SELL) $ 74,294 (BUY)
MA100 $ 97,444 (SELL) $ 88,785 (SELL) $ 82,037 (SELL) $ 60,410 (BUY)
MA200 $ 81,864 (SELL) $ seventy nine,411 (BUY) $ 52,036 (BUY) $ 46,825 (BUY)
Length Imprint Lunge
RSI (14) 23.96 BUY
Stoch RSI (14) 0.00 BUY
Stochastic Snappy (14) 9.38 BUY
Commodity Channel Index (20) -66.67 NEUTRAL
Moderate Directional Index (14) 43.15 SELL
Awesome Oscillator (5, 34) -5,675.forty five NEUTRAL
Momentum (10) -12,126.98 NEUTRAL
MACD (12, 26) -1,066.28 NEUTRAL
Williams Percent Vary (14) -90.62 BUY
Closing Oscillator (7, 14, 28) 35.40 NEUTRAL
VWMA (10) 92,590.49 SELL
Hull Transferring Moderate (9) 88,427.18 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 92,581.24 NEUTRAL

The Relative Strength Index (RSI 14) is a broadly feeble indicator that helps expose investors whether an asset is in the intervening time overbought or oversold. The RSI 14 for Bitcoin is at 23.96, suggesting that BTC is in the intervening time oversold.

The 50-day Easy Transferring Moderate (SMA 50) takes into myth the closing tag of Bitcoin over the final 50 days. For the time being, Bitcoin is buying and selling above the SMA 50 trendline, which is a bullish trace.

In the period in-between, the 200-day Easy Transferring Moderate (SMA 200) is a lengthy-duration of time trendline that’s calculated by taking an life like of the BTC closing tag for the final 200 days. BTC is now buying and selling under the SMA 200, signaling that the market is in the intervening time bearish.

The backside line about this Bitcoin prediction

After brooding in regards to the above components, we can attain that the brand new forecast for Bitcoin tag prediction is Bearish. BTC would have to expand by 14.14% to hit our $ 94,837 goal all the map in which by map of the next 5 days. Transferring forward, it’ll be predominant to video display the BTC market sentiment, the major purple meat up and resistance levels, and other metrics. Nevertheless, we now have to take be aware of that the cryptocurrency markets are unpredictable, and even the largest crypto property utter masses of tag volatility. For lengthy-duration of time Bitcoin tag predictions click on here.

Disclaimer: Right here’s no longer funding suggestion. The conception supplied is for total applications excellent. No knowledge, materials, companies and other yelp supplied on this internet page constitute a solicitation, suggestion, endorsement, or any monetary, funding, or other suggestion. Look for impartial educated session in the fabricate of correct, monetary, and monetary suggestion before making any funding resolution.

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