Bitcoin Goes "Red Days Again" since "Relief Rally" Has Been Null

Bitcoin's price has experienced significant fluctuations over last "Intl Women's Day" weekend, reflecting the volatile nature of the cryptocurrency market. To understand these movements, it's essential to consider both the broader economic context and specific events that have influenced investor sentiment.

Background: Economic and Political Factors

• In recent weeks, Bitcoin's price has been heavily influenced by economic indicators and political announcements. The U.S. Federal Reserve's stance on interest rates, particularly comments from Jerome Powell, has been closely watched by investors.
  
  
• Political factors have also played a crucial role. For instance, Donald Trump's re-election and his proposals related to cryptocurrency, including the creation of a "Strategic Bitcoin Reserve," have contributed to market optimism and price increases. However, these developments also introduce uncertainty, as regulatory environments and geopolitical tensions can quickly shift investor confidence.
  

Recent Price Movements

• As of the last weekend, Bitcoin's price has shown a decline of nearly 5%. This decrease is part of a larger trend where Bitcoin's price has struggled to maintain consistent gains, often experiencing sharp drops followed by rebounds. For example, on March 9, 2025, Bitcoin's price was noted to be choppy, trading around $81,500.
  
  
• Bitcoin's price initially dropped but then rebounded slightly. This rebound was likely driven by renewed optimism in the altcoin market and strategic purchases by entities like Metaplanet, which has been actively buying Bitcoin. However, the overall sentiment remains cautious due to ongoing economic uncertainties and the potential for further interest rate hikes.
  

Key Events Influencing Price

• Mt. Gox Bitcoin Movement: The recent transfer of over $1 billion worth of Bitcoin from Mt. Gox to an unmarked address has raised concerns about potential market impact. Such large movements can lead to increased volatility as investors speculate about the intentions behind these transactions.
  
  
• Regulatory and ETF Developments: The ongoing efforts to establish a U.S. spot Bitcoin ETF have seen mixed results, with periods of significant outflows followed by brief moments of positive inflows. These developments can influence investor confidence and, consequently, Bitcoin's price.
  
  
• Global Economic Conditions: Trade tensions and economic stimulus measures, particularly those involving China, have also played a role in shaping Bitcoin's price. As investors seek safe-haven assets, Bitcoin's performance relative to traditional assets like gold can impact its value.
  

Technical challenge

The fluctuations in Bitcoin's price over the last weekend reflect the complex interplay of economic, political, and market-specific factors. As investors continue to navigate these uncertainties, Bitcoin's price is likely to remain volatile. The influence of major economic data releases, political announcements, and strategic investments will continue to shape the cryptocurrency's trajectory in the coming days and weeks.

The main technical 1-day resolution graph indicates that Bitcoin Goes "Red Days Again" since recent "relief rally" has been Null.

Ahead of upcoing week our "super-duper" PandorraResearch Team is Bearishly calling to numbers between $30 000 to $50 000 per Bitcoin, that is correspond to major current support of 200-week SMA.

Conclusion

In summary, Bitcoin's price movements are a testament to the dynamic and speculative nature of the cryptocurrency market, where sentiment can shift rapidly based on a wide array of factors. As the market continues to evolve, understanding these influences will be crucial for investors seeking to navigate the volatile landscape of Bitcoin and other cryptocurrencies.

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Best 'Jojoba oil' wishes,
PandorraResearch Team 😎