The movement of Bitcoin faces strong resistance when the price crosses $84,000 and expert analysts predict a drop to $73,000 before another price increase. The BTC market keeps falling below $84,000 because soft U.S. inflation numbers only gave it a brief boost while ongoing financial market problems make investors feel less enthusiastic.

Crypto analyst EGRAG CRYPTO sees BTC falling down to $73,000 by April 1st and identifies this in a recent market evaluation. His research shows a bearish engulfing pattern on the 3-day chart which suggests lowering market value. His assessment says BTC will gauge $80,500 before sliding inside a vital downside channel.

#BTC : $73K by April 1st Before the Final Leg Up!
I sometimes take risks with time predictions ⏳, but I believe it's worth sharing, even if it could backfire!

Currently, #BTC is forming a potential Bearish Engulfing Candle on the 3-day time frame. This could trigger further… pic.twitter.com/fAXT3Zi65c

— EGRAG CRYPTO (@egragcrypto) March 4, 2025

Mt. Gox Bitcoin Transfers Raise New Concerns

The market expects a Federal Rate cut to boost long-term gains but continues to experience selling pressure in the near future. When important price barriers break down BTC may decline more before resuming its upward movement. 

Market observers check trading activity and institutional investor actions because Bitcoin stays close to an important price tipping point. The Bureau of Labor Statistics revealed that U.S. Consumer Price Index increased by 0.2% during February which turned out lower than the projected 0.3% and marked a slowdown from January’s 0.5% growth. 

Mt. Gox has transferred 11,502 $BTC ($905M) to an unknown wallet. pic.twitter.com/ejsuteQBJF

— MoGambit (@MoGambitHQ) March 11, 2025

According to annual data CPI grew by 2.8% between two periods when economists projected 2.9%. Core Consumer Price Index further declined by 0.2% which confirms that inflationary pressure continues to decrease.

The latest price data makes investors predict the Federal Reserve will take action earlier than planned to boost the economy. The market implied an 85% chance of a Fed rate cut during June before CPI data came out together with a forecasted 40% chance of a decrease in May. 

The released CPI data showing milder price growth made investors more optimistic about risk assets and securities. When the data was published Bitcoin reached $84,100 and Nasdaq 100 futures grew 1.5%. The market stays cautious because both cryptocurrency and stock price fluctuations persist.

The market faces growing uncertainty because people watch Bitcoin moving out of Mt. Gox again. After repaying its victims from a major 2014 hacking incident the bankrupt exchange moved 11,500 BTC with a worth of $905 million into an unknown wallet.

A recent large Bitcoin transfer happened again last week and people think bigger movements will push Bitcoin prices down. Investors are carefully monitoring the future of the 35,900 BTC held by Mt. Gox at current market value of $2.8 billion. When creditors sell Bitcoin holdings they hold the market price will reduce.

Bitcoin Faces Key Resistance and Support Levels

Traders track Bitcoin closely because the currency needs to pass through essential chart barriers. BTC proves its exploration into higher prices by finishing above $84,400 and holding this position. When $78,500 level falls the price might plunge toward $75,200 then drop to $73,000 after that. 

People in the market show careful behavior because they study Bitcoin movement data to predict future price changes. The Producer Price Index results on Thursday will help forecast Bitcoin’s upcoming price action.

Ali Martinez, a prominent crypto analyst shared his Bitcoin price analysis. The price data provided in Ali’s post demonstrates Bitcoin’s historical values from 2010 to 2025 with a particular focus on 50-week and 200-week moving averages that traders utilize to predict long-term support and resistance levels.

The price trajectory of Bitcoin indicates that market history shows the cryptocurrency conducts price tests at its 200-week moving average at $46,000 and its 50-week moving average at $75,500 thus providing evidence for forecasting future price levels.

Historically, when #Bitcoin $BTC drops below the 50-week MA, it tends to test the 200-week MA. Right now, that’s at $75,500 and $46,000, respectively! pic.twitter.com/Go6hPttPVx

— Ali (@ali_charts) March 12, 2025

The cryptocurrency’s rising market outlook presents an anticipated minimum value of $100,097.44 for 2025 even though short-term indicators are showing downward pressure yet matching Ali’s analysis about price movement towards these moving average levels.