Key Highlights
- Recent signs of recovery have seen Bitcoin price stabilize, which has prompted a more optimistic outlook from market experts.
- Arthur Hayes suggests Bitcoin price needs a downturn in major stock indices for robust stabilization on the price chart.
Bitcoin price has recently seen significant fluctuations influenced by key geopolitical and macroeconomic factors. It surged to nearly $95,100 earlier this month after U.S. President Donald Trump announced plans to establish a strategic Bitcoin reserve.
However, this rise swiftly lost momentum, resulting in a dramatic reversal. By March 4, the token’s price had dropped below $82,500. This occurred as concerns about an intensifying global trade war weighed hard on financial markets.
Despite this setback, bullish traders tried to regain control, pushing Bitcoin’s price back to $92,500 on March 6. Unfortunately, this momentum was also short-lived, as the BTC price faced resistance at the 20-day EMA band.
By March 11, Bitcoin price had dropped below $77,000. This marked its lowest point since November 2024, dipping below the 200-day EMA.
However, Bitcoin crypto has shown signs of recovery in the past 24 to 48 hours. This showed slight stabilization amid strong volatile days. It recovered briefly, reaching $84,000 before stabilizing at around $82,714 at the time of writing.
Following this two-day recovery, market experts have adopted a more optimistic outlook. They cited the fulfillment of certain market conditions. Keep reading to know more.
Market Experts Views On Bitcoin Price Future
Arthur Hayes, BitMEX co-founder, has detailed six critical elements that could pave the way for a Bitcoin price increase. He believes that major stock indices must experience a downturn for BTC to stabilize. These significant stocks include such as the S&P 500 and Nasdaq 100.
Per his analysis, financial instability within traditional banking systems may trigger the next significant movement in the BTC price. Hayes argues that an institutional financial failure could accelerate Bitcoin adoption and drive up Bitcoin price.
In addition, analyst Mister Crypto has compared BTC’s current price cycle and trajectory in 2021.
Recent market trends suggest that Bitcoin crypto may replicate its impressive performance from late 2020 and early 2021. Projections estimate potential growth to be between $400,000 and $900,000.
However, to reach these levels, BTC must break out of its recent range of variability, around $80,000.
Crypto trader Michael van de Poppe also weighed in, noting that Bitcoin crypto’s chart remains strong. He stated that BTC price may test the $84,000 level again and successfully break past its previous high. If this happens, it could reverse the current trend.
Has Buy-The-Dip Occurred In Bitcoin Price Amid Macroeconomic Situation?
Moreover, amid ongoing challenges for the Bitcoin price, recent on-chain data reveals a notable uptick in inflows to accumulation addresses. This signaled increased buying activity.
Analyst Vivek shared a chart on X showing that the BTC’s deposits into long-term holding addresses have reached historic levels.
A significant spike in accumulation was noted late last year. This suggested that large investors, often called whales, have been actively acquiring Bitcoin crypto.
The data indicates that daily inflows into accumulation addresses have surpassed 36,000 BTC on certain days in recent weeks. Historically, similar surges in accumulation have preceded increases in BTC price, hinting at a potential bullish trend on the horizon.
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.