Disclaimer
This is not investment advice. The information provided is for general purposes only. No information, materials, services, and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
- Bitcoin is down -3.19% today against the US Dollar.
- Currently trading 7.10% below the prediction on Mar 12, 2025.
- Dropped -9.81% in the last month and is up 33.92% since a year ago.
| Bitcoin price | $88,302 |
| Bitcoin prediction | $95,055 (8.62%) |
| Sentiment | Bearish |
| Fear & Greed index | 34 (Fear) |
| Key support levels | $87,860, $85,663, $83,224 |
| Key resistance levels | $92,496, $94,935, $97,132 |
BTC Price Forecast
BTC is expected to rise by 8.62% in the next 5 days according to our Bitcoin price prediction and is currently trading at $88,302 after losing -3.19% in the last 24 hours. The coin underperformed the cryptocurrency market, with the total crypto market cap decreasing by -2.36% in the same period.
Recent Bitcoin Performance
Bitcoin has displayed a negative trend, losing -9.81% in the last 30 days. In the medium-term, the trend is bearish, dropping by -11.03% over 3 months, but positive in the long-term with a 33.92% change over the last year. Last year on this day, BTC traded at $65,939.
BTC Price History
Bitcoin’s all-time high price was $109,079 on Jan 20, 2025. The current cycle high is $94,808, and the cycle low is $78,535. BTC has low volatility right now, with a 1-month volatility of 5.17 and recorded 14 green days in the last 30 days.
Technical Analysis (Mar 07, 2025)
The current sentiment in the Bitcoin markets is Bearish, with the Fear & Greed index indicating Fear. Key support levels are $87,860, $85,663, and $83,224; while key resistance levels are $92,496, $94,935, and $97,132.
Market Indicators
Out of 29 indicators, 11 are bullish while 18 are bearish, leading to an overall Bearish sentiment for Bitcoin. The Fear & Greed index is at 34, suggesting negative sentiment among investors.
BTC Moving Averages & Oscillators
| Period | Daily Simple | Daily Exponential | Weekly Simple | Weekly Exponential |
|---|---|---|---|---|
| MA3 | $90,755 (SELL) | $92,597 (SELL) | – | – |
| MA5 | $89,327 (SELL) | $94,242 (SELL) | – | – |
| MA10 | $88,317 (SELL) | $95,501 (SELL) | – | – |
| MA21 | $92,189 (SELL) | $96,159 (SELL) | $165,190 (SELL) | $88,282 (BUY) |
| MA50 | $97,108 (SELL) | $94,828 (SELL) | $110,055 (SELL) | $74,693 (BUY) |
| MA100 | $96,711 (SELL) | $88,756 (SELL) | $86,740 (BUY) | $60,832 (BUY) |
| MA200 | $82,864 (BUY) | $79,471 (BUY) | $53,251 (BUY) | $47,145 (BUY) |
| Period | Value | Action |
|---|---|---|
| RSI (14) | 46.60 | NEUTRAL |
| Stoch RSI (14) | 60.97 | NEUTRAL |
| Stochastic Fast (14) | 57.80 | NEUTRAL |
| Commodity Channel Index (20) | -66.67 | NEUTRAL |
| Average Directional Index (14) | 43.36 | BUY |
| Awesome Oscillator (5, 34) | -6,742.78 | NEUTRAL |
| Momentum (10) | -5,633.57 | NEUTRAL |
| MACD (12, 26) | -58.31 | NEUTRAL |
| Williams Percent Range (14) | -42.20 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 62.52 | NEUTRAL |
| VWMA (10) | 87,182.36 | BUY |
| Hull Moving Average (9) | 88,567.02 | BUY |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 88,984.22 | NEUTRAL |
The RSI (14) indicates a neutral position for Bitcoin, while the 50-day Simple Moving Average suggests a bullish signal. The 200-day Simple Moving Average indicates a bearish market.
Conclusion
In conclusion, the current forecast for Bitcoin price prediction is Bearish. BTC would need to increase by 8.62% to hit the $95,055 target within the next five days. Monitoring market sentiment, key support, and resistance levels will be crucial. However, the unpredictability of the cryptocurrency markets necessitates caution. For long-term Bitcoin price predictions, click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services, and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
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