• The Bitcoin price saw a 9.24% increase, pushing its value to $93,178. Exchange outflows from BTC indicate investors storing their holdings in private wallets, indicating their belief in holding Bitcoin for the long term.
• US President Donald Trump’s announcement of building a crypto reserve triggered market volatility, which boosted Bitcoin and several altcoins. Market analysts say Bitcoin must hold above $90,000 to keep bullish investment sentiments intact.
• The first key point of resistance is $95,000, while the major support level is $85,000. Market analysts suggest continued price growth, although investors should exercise caution because of possible market fluctuations based on historical patterns.

Bitcoin experienced a 9.24% increase to $93,178 during the first part of March 3. With no significant pullbacks, this surge points to a bullish market sentiment. The price shows consistent advancement because it grew by 1.23% throughout the previous week.

The market shows intense activity through its current $1.84 trillion market capitalization, which accompanies a daily trading volume of $51.14 billion. Studies of exchange movements show investors have been extracting Bitcoin from trading platforms and putting it into personal wallets. Experts consider this behavior a beneficial indicator for Bitcoin’s long-term value increase.

Bitcoin’s Volatility and Trump’s Crypto Reserve

The posted chart prepared by Jelle, the crypto investor, displays Bitcoin prices from July 2024 to March 2025, peaking at $110,000 during January 2025 before prices declined to $90,000 early in March 2025. These price movements match recent web reports about Bitcoin reaching $109,160.2 in January.

The “weekly candle” trading term appears in the post to predict Bitcoin’s price movement from March 2, 2025, since traders aim to prevent the price from dropping below $90,000.

The Bitcoin price surge, together with XRP, Solana, and Cardano, occurred after President Trump announced the creation of a crypto reserve on the same day, thus shaping the price trends shown in the chart.

Michael Saylor describes Donald Trump’s executive directive about digital assets in a post. The former president seeks to establish the US as the global cryptocurrency hub by supporting Bitcoin alongside Ethereum and additional digital components, including XRP, SOL, and ADA. This contradicts previous crypto-associated policies endorsed by the Biden administration.

Bitcoin is the foundation of the crypto economy. pic.twitter.com/fzfBxuafAC

— Michael Saylor⚡️ (@saylor) March 2, 2025

Through its executive order, the group will establish a Presidential Working Group on Digital Assets. This group seeks to develop a strategic crypto reserve for the United States while fulfilling Trump’s promise to maintain the government’s possession of Bitcoin in a pro-crypto market environment.

The Bitcoin Reserve initiative supports Trump’s future presidential bid by following Saylor’s recommendations from past proposals while attracting major crypto financial donations from the industry toward Trump’s campaign.

Bitcoin’s $90K Threshold Gains Attention

Crypto analyst Donalt posted evidence showing Bitcoin’s weekly without falling below $90,000 in the chart with green and red visual markers representing support levels. The crypto community singled out this price point based on resistance and support levels and actively followed this threshold.

The post correlates with Bitcoin’s volatile early 2025 period when the digital currency suffered a large dip below $80,000 in late February before rebounding V-shaped, leading to substantial predictions about reaching $90,000.

A resilient Bitcoin trading indicator has appeared in the crypto market during its most anxious week since BTC’s major drop on August 5, 2024, providing trading potential to anxious market participants. Bitcoin maintains a position near $80,000 after experiencing aggressive market fluctuations, leading to its late February values falling below $80,000 and subsequent price rises. Traders remain constantly confused. Technical analysis shows that price expectations from crowds might be the solution to making profitable trades on Bitcoin (BTC).

The data from the on-chain analytics firm Santiment reveals a repetitive market trend. The Bitcoin market reacts contrary to expectations expressed by noisy X platform traders who forecast price movements. The frequency data shows an opposite pattern because social traders consistently give incorrect Bitcoin price predictions.

Social media traders have increasingly mentioned $70,000-$75,000 as Bitcoin price predictions during moments when market drops are anticipated. The social sentiment regarding Bitcoin prices in the $90,000-$95,000 range increases significantly during optimistic market phases.

Why does $92K Matter for BTC?

Ali Martinez shows Bitcoin’s price movement through analysis of short-term holder realized cost basis, which tracks usual purchase prices of Bitcoins below 155 days. As the analysis indicates, a future market expansion depends on investors crossing the price threshold of $92,000.

Bitcoin Magazine Pro classifies $92,000 as a fundamental indicator using brief-term owner sell-point information. During market declines, short-term investors generally sell their Bitcoin holdings using information that becomes significant data for market sentiment and creates potential resistance levels.

Based on CryptoQuant analysis, recent Bitcoin trading behavior shows signs of being in the latter stage of its upward trend. Early projection of the 2025 peak clarifies why reaching back to $92,000 matters.

Bitcoin Price Prediction

The Bitcoin price chart shows important levels identified by technical indicators that may affect future market directions. Recent price movements suggest $95,000 functions as major resistance against additional value increases. The support level is $85,000, which can protect Bitcoin price decreases. According to historical price patterns and current market positioning, the essential 200-day moving average stands at $82,000 since Bitcoin remains above this point, indicating positive future market trends.

The Relative Strength Index (RSI) is above 50, indicating bullish momentum and suggesting the market is not overbought yet, which could support further upside. The Moving Average Convergence Divergence (MACD) shows a positive crossover, a technical signal often interpreted as a buy indicator, reinforcing the bullish case. Volume profile analysis shows increasing volume during the recent price surge, which aligns with strong buying interest and supports the sustainability of the current uptrend.

Final Thoughts 

Looking ahead, the bullish case for Bitcoin is supported by the recent price surge, positive technical indicators, low exchange reserves, and whale accumulation. Bitcoin could likely target new highs, potentially exceeding $100,000, driven by institutional interest and market momentum. However, the bearish case cannot be ignored, with potential resistance at $95,000 and the possibility of a pullback if market sentiment shifts, especially given the historical volatility of cryptocurrencies.

For long-term investors, the advice is to hold through volatility, given Bitcoin’s historical tendency for strong long-term growth, as evidenced by its performance over decades. For short-term traders, the recommendation is to look for buying opportunities on dips, particularly around the $85,000 support level, but to use stop-loss orders to manage risk, given the potential for sudden reversals. 

Disclaimer: Blockchain News has no association with the content of this post. Investing in cryptocurrencies carries significant risks and is often considered high-risk. This article is not career or financial advice. Please always seek advice from a financial expert before investing.