Bitcoin (BTC) has been moving in a horizontal consolidation range between $84.5K and $82.3K over the past four days, struggling to regain momentum. After a strong rally earlier this year, the cryptocurrency now seems stuck, leaving traders wondering what could be next.
The market has been on edge since U.S. President Donald Trump 
Donald Trump Donald Trump is an American former president politician, businessman, and media personality, who served as the 45th president of the U.S. between 2017 to 2021. Trump earned a Bachelor of science in economics from the University of Pennsylvania in 1968. Trump won the 2016 presidential election as the Republican Party nominee against Democratic Party nominee Hillary Clinton while losing the popular vote. As president, Trump ordered a travel ban on citizens from several Muslim-majority countries, diverted military funding toward building a wall on the U.S.–Mexico border, and implemented a family separation policy. Trump has remained a prominent figure in the Republican Party and is considered a likely candidate for the 2024 presidential election President ’s second inauguration, which triggered a classic “sell-the-news” event.
Investor sentiment remains cautious, with the BTC Fear and Greed Index hovering around 34, signaling fear in the market. Many traders are wary of another drop below $80K.
Gold’s Rally Sparks Bitcoin Whale Interest
As the U.S. intensifies its tariff war policies, investors have been flocking to gold as a safe-haven asset. In response, gold prices have surged 4% in the past five days, reaching a record high of $3,017 per ounce on Tuesday, March 18, during early European trading.
Bitcoin, often referred to as “digital gold” by leading central banks like the Federal Reserve, has also caught institutional attention. Data from IntoTheBlock reveals a sharp rise in large BTC transactions (over $100K), jumping from 6,332 on March 16 to 9,291 on March 18.
Spot Bitcoin ETFs Show Signs of Recovery
After five consecutive weeks of outflows, U.S. spot Bitcoin ETFs may finally be reversing the trend. On Monday, none of the issuers recorded net outflows, marking a potential turning point. Fidelity’s FBTC led the way with $127 million in inflows, contributing to a total net inflow of $274 million.
Midterm Targets for Bitcoin Price
From a technical standpoint, Bitcoin is attempting to follow gold’s bullish momentum. However, leveraged sellers have maintained control over the past 24 hours.
One prominent Bitcoin trader has significantly increased their short position, raising it from $400 million to nearly $520 million, with a liquidation price of $85,565.
Meanwhile, crypto analyst Ali Martinez predicts that Bitcoin could retest the $78K level after breaking down from an ascending triangle pattern on the four-hour chart.
With Bitcoin stuck in a tug-of-war between bulls and bears, the next move could set the tone for the weeks ahead. Will it follow gold’s lead or take its own path? The market is watching.
Never Miss a Beat in the Crypto World!
Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.
FAQs
The BTC price may range between $82,000 and $85,000 for today.
As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains.
Projecting a 10-year growth in a volatile asset like Bitcoin seems a far-stretched notion. The BTC price is expected to cross $600,000 by 2030. With global adoption, Bitcoin could be worth 1 million dollars.
