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On February 28, Bitcoin 
$105,098 surged to $85,000, igniting a spark of recovery hope among traders. However, the anticipated upward candlestick formation did not materialize, leaving doubts about whether the price could establish a solid support level. As traders grapple with the direction of Bitcoin’s price movements, the market’s volatility remains a focal point of concern.
Bitcoin Price Drops from $85,000 to $78,300
The cryptocurrency market continues to experience sudden price fluctuations. According to TRDR.io data, Bitcoin’s price dropped to a 2025 forecast level of $78,300, with strong buying demand reported on Coinbase. This situation indicates traders’ uncertainty about the strength of buying pressure in the market.
Some experts suggest that Bitcoin may have entered a consolidation phase. Predictions indicate that the price could fluctuate between $72,000 and $85,000, capturing the attention of traders. Notably, the trading activities of large investors provide insights into how the price may evolve in the future.
Experts Predict a Narrow Price Range
Market commentators forecast that Bitcoin could establish a price structure between $72,000 and $85,000 in the coming weeks. Analyst Magus believes that Bitcoin will consolidate at these levels and states, “Expecting BTC to build a range like this now.”
Trader Horse indicates that potential weekend price movements in Bitcoin could decline due to traditional finance market hedging strategies. Horse notes, “I’m guessing that BTC returns over the weekends will continue to go more negative than they already are, as tradfi uses it to hedge for anything Trump says before Sunday futs open,” highlighting the possibility of increased price volatility during weekends.
In this turbulent environment, investors are advised to closely monitor market data. The high volatility in the cryptocurrency market can lead to sudden price changes. Experts emphasize that traders should pay attention not only to technical analyses but also to macroeconomic developments.
