Bitcoin price rebounded on March 6 after a 20% February slump fueled by institutional accumulation and easing geopolitical tensions.
Analysts forecast 2025 targets between $70,000 and $250,000, contingent on ETF flows, Fed policies, and regulatory developments.
Let's check why Bitcoin price is surging today and what are the BTC predictions for 2025
As of Thursday,
March 6, 2025, the Bitcoin (BTC) price stays at $91,264, marking a 6% rebound
from its February 27 low of $83,000. This resurgence comes amid easing trade
tensions and renewed institutional confidence, though analysts remain divided
on whether this signals sustainable growth or a temporary reprieve.
Let’s check
why Bitcoin price is going up today, what are the current Bitcoin predictions
for 2025, and why two hammer patterns on the BTC daily chart might be a good
reason to think about buying the oldest cryptocurrency.
What Is Bitcoin Price
Today? BTC Tests $92,790
Bitcoin
prices are rising for the third consecutive session today (Thursday), returning
to the consolidation range that has been forming since November. During
Wednesday's session, Bitcoin gained nearly 4%, and it is currently up 0.75%,
trading just below $91,300. However, the intraday high was set at $92,790.
Bitcoin price today. Source: CoinMarketCap
The
positive momentum in the Bitcoin market is also driving gains in altcoins.
Ethereum (ETH) and XRP are up by approximately 4%, while Solana (SOL) and
Dogecoin (DOGE) have gained over 5%.
Current Bitcoin
Market Dynamics: March 6 Snapshot:
Price:
$91,264 (24-hour high: $91,612)
Market
Cap: $1.81 trillion (+5.9% weekly)
Volume:
$50.82 billion (-17% from February peak)
Fear
& Greed Index: 25 (Extreme Fear)
DeFi:
Total Value Locked (TVL) rebounds 12% to $98B
Mining:
Hashprice recovers to $0.098/TH/day (+18% weekly)
Will Bitcoin Go Up?
BTC/USDT Technical Analysis
In my
previous Bitcoin technical analyses, I highlighted key buy signals that emerged
between late February and early March. Twice, these signals took the form of
pin bars (hammer patterns):
The second formed on March 4,
as the price attempted to drop below the 200 EMA.
Both of
these single-candle formations indicated strong rejection of lower levels and
significant accumulation by buyers around the November lows. As a result, BTC
has been rising for the third consecutive session, returning to the
consolidation range observed over the past four months.
Currently,
Bitcoin is “stuck” at the lower boundary of this range, between
$90,000 and $92,000, a level defined by the lows from November to January.
Additionally, it faces resistance from the 50 EMA, located around $94,400.
However, the technical outlook is far better than it was a month ago, and in my
view, we are gradually heading toward the $108,000–$109,000 range, with a
potential 20% upside.
At this
point, I wouldn’t enter long positions yet. Instead, I would wait for another
confirmation signal—either around the current price zone or above the 50 EMA.
What Happened to Bitcoin?
The February Slump:
Anatomy of a 20% Correction
Bitcoin's
decline from its January peak of $109,350 to $83,000 between February 21–27
erased nearly $300 billion in market capitalization. Three primary factors
drove this correction:
1.
Institutional Profit-Taking and ETF Outflows
The
approval of spot Bitcoin ETFs in January 2024 initially propelled prices to
record highs, but February saw $20 billion flow out of these instruments as
institutions locked in gains. Avinash Shekhar, CEO of Pi42, noted that over
79,000 BTC were sold at a loss within 24 hours during the correction's peak,
signaling panic among leveraged traders.
2.
Geopolitical Tensions and Dollar Strength
Former
President Donald Trump's threat of 25% tariffs on EU imports triggered risk-off
sentiment across global markets. The U.S. dollar index (DXY) strengthened to
105.4 during this period, pressuring Bitcoin's dollar-denominated valuation.
Ryan Lee of Bitget Research observed that Bitcoin's correlation with tech
stocks hit 0.87 during the sell-off, its highest since 2020.
3.
Technical Breakdowns and Liquidation Cascades
The breach
of the $85,000 support level on February 25 triggered $1.2 billion in
derivatives liquidations. Glassnode data revealed Bitcoin's 30-day realized
volatility spiked to 82%, exceeding levels seen during the 2020 COVID crash.
The Average Directional Index (ADX) plunged from 27.6 to 17.5, indicating trend
exhaustion.
The March Rebound:
Catalysts Behind the 10% Recovery
Bitcoin's
resurgence to $91,264 by March 6 stems from four converging drivers:
1.
Tariff Relief and Dollar Weakness
Trump's
decision to delay auto tariffs on Canada and Mexico until April 2025 eased
trade war fears, weakening the DXY to 103.77. This boosted demand for
inflation-hedge assets, with Bitcoin's 30-day correlation to gold turning
positive (+0.34) for the first time since 2022.
2.
Institutional Accumulation Signals
MicroStrategy
added $43.9 million worth of BTC on March 5, expanding its holdings to 205,000
BTC. Concurrently, Coinbase reported a 40% surge in institutional OTC trades
above $1 million, suggesting renewed accumulation.
3.
Technical Re-Entry Patterns
The
Directional Movement Index (DMI) flipped bullish on March 4, with +DI rising
from 17.7 to 27.9 and -DI dropping to 20.56. Bitcoin's break above the Ichimoku
Cloud's Senkou Span A ($88,200) confirmed a bullish trend reversal.
4.
Regulatory Tailwinds
The White
House Crypto Summit announcement on March 5 fueled speculation about potential
U.S. Bitcoin reserve policies. Analysts at Fidelity Digital Assets estimate
that 1% of Treasury reserves allocated to BTC could add $80 billion in buying
pressure.
Glassnode:
$74,000 support level tied to realized price of long-term holders.
Bitcoin's
2025 price action reflects its maturation into a macro asset class, with 30-day
volatility now comparable to Nasdaq (-18% vs -24% in February). While
short-term fluctuations persist, the convergence of institutional adoption,
regulatory clarity, and macroeconomic instability creates a bullish structural
backdrop.
Bicoin News, FAQ
Why Is Bitcoin Going Up
Now?
Bitcoin has
been rising for three consecutive sessions, currently trading around $91,264
after rebounding from its late February low of $83,000. This price recovery is
driven by a combination of easing trade tensions, renewed institutional buying,
and technical indicators signaling accumulation. Specifically, former President
Donald Trump's decision to delay auto tariffs on Canada and Mexico has softened
trade war concerns, leading to a weaker U.S. dollar.
What If I Bought $1 of
Bitcoin 10 Years Ago?
If you had
purchased $1 worth of Bitcoin in March 2015, when Bitcoin was trading around
$250, you would have acquired approximately 0.004 BTC. At today’s price of
$91,264, that small investment would now be worth about $365—an increase of
over 36,000%. This growth reflects Bitcoin’s evolution from a niche digital
asset to a globally recognized store of value.
Is Bitcoin Expected to
Rise?
Forecasts
from institutions like Fundstrat and Standard Chartered predict Bitcoin could
reach between $180,000 and $250,000 in 2025.
Can Bitcoin Reach $200,000
in 2025?
Yes, Bitcoin
reaching $200,000 in 2025 is within the realm of possibility, but it would
require a combination of strong institutional demand, favorable macroeconomic
conditions, and continued adoption. While $200,000 is possible, a more
conservative base-case forecast places Bitcoin between $120,000 and $150,000 by
the end of 2025.
As of Thursday,
March 6, 2025, the Bitcoin (BTC) price stays at $91,264, marking a 6% rebound
from its February 27 low of $83,000. This resurgence comes amid easing trade
tensions and renewed institutional confidence, though analysts remain divided
on whether this signals sustainable growth or a temporary reprieve.
Let’s check
why Bitcoin price is going up today, what are the current Bitcoin predictions
for 2025, and why two hammer patterns on the BTC daily chart might be a good
reason to think about buying the oldest cryptocurrency.
What Is Bitcoin Price
Today? BTC Tests $92,790
Bitcoin
prices are rising for the third consecutive session today (Thursday), returning
to the consolidation range that has been forming since November. During
Wednesday's session, Bitcoin gained nearly 4%, and it is currently up 0.75%,
trading just below $91,300. However, the intraday high was set at $92,790.
Bitcoin price today. Source: CoinMarketCap
The
positive momentum in the Bitcoin market is also driving gains in altcoins.
Ethereum (ETH) and XRP are up by approximately 4%, while Solana (SOL) and
Dogecoin (DOGE) have gained over 5%.
Current Bitcoin
Market Dynamics: March 6 Snapshot:
Price:
$91,264 (24-hour high: $91,612)
Market
Cap: $1.81 trillion (+5.9% weekly)
Volume:
$50.82 billion (-17% from February peak)
Fear
& Greed Index: 25 (Extreme Fear)
DeFi:
Total Value Locked (TVL) rebounds 12% to $98B
Mining:
Hashprice recovers to $0.098/TH/day (+18% weekly)
Will Bitcoin Go Up?
BTC/USDT Technical Analysis
In my
previous Bitcoin technical analyses, I highlighted key buy signals that emerged
between late February and early March. Twice, these signals took the form of
pin bars (hammer patterns):
The second formed on March 4,
as the price attempted to drop below the 200 EMA.
Both of
these single-candle formations indicated strong rejection of lower levels and
significant accumulation by buyers around the November lows. As a result, BTC
has been rising for the third consecutive session, returning to the
consolidation range observed over the past four months.
Currently,
Bitcoin is “stuck” at the lower boundary of this range, between
$90,000 and $92,000, a level defined by the lows from November to January.
Additionally, it faces resistance from the 50 EMA, located around $94,400.
However, the technical outlook is far better than it was a month ago, and in my
view, we are gradually heading toward the $108,000–$109,000 range, with a
potential 20% upside.
At this
point, I wouldn’t enter long positions yet. Instead, I would wait for another
confirmation signal—either around the current price zone or above the 50 EMA.
What Happened to Bitcoin?
The February Slump:
Anatomy of a 20% Correction
Bitcoin's
decline from its January peak of $109,350 to $83,000 between February 21–27
erased nearly $300 billion in market capitalization. Three primary factors
drove this correction:
1.
Institutional Profit-Taking and ETF Outflows
The
approval of spot Bitcoin ETFs in January 2024 initially propelled prices to
record highs, but February saw $20 billion flow out of these instruments as
institutions locked in gains. Avinash Shekhar, CEO of Pi42, noted that over
79,000 BTC were sold at a loss within 24 hours during the correction's peak,
signaling panic among leveraged traders.
2.
Geopolitical Tensions and Dollar Strength
Former
President Donald Trump's threat of 25% tariffs on EU imports triggered risk-off
sentiment across global markets. The U.S. dollar index (DXY) strengthened to
105.4 during this period, pressuring Bitcoin's dollar-denominated valuation.
Ryan Lee of Bitget Research observed that Bitcoin's correlation with tech
stocks hit 0.87 during the sell-off, its highest since 2020.
3.
Technical Breakdowns and Liquidation Cascades
The breach
of the $85,000 support level on February 25 triggered $1.2 billion in
derivatives liquidations. Glassnode data revealed Bitcoin's 30-day realized
volatility spiked to 82%, exceeding levels seen during the 2020 COVID crash.
The Average Directional Index (ADX) plunged from 27.6 to 17.5, indicating trend
exhaustion.
The March Rebound:
Catalysts Behind the 10% Recovery
Bitcoin's
resurgence to $91,264 by March 6 stems from four converging drivers:
1.
Tariff Relief and Dollar Weakness
Trump's
decision to delay auto tariffs on Canada and Mexico until April 2025 eased
trade war fears, weakening the DXY to 103.77. This boosted demand for
inflation-hedge assets, with Bitcoin's 30-day correlation to gold turning
positive (+0.34) for the first time since 2022.
2.
Institutional Accumulation Signals
MicroStrategy
added $43.9 million worth of BTC on March 5, expanding its holdings to 205,000
BTC. Concurrently, Coinbase reported a 40% surge in institutional OTC trades
above $1 million, suggesting renewed accumulation.
3.
Technical Re-Entry Patterns
The
Directional Movement Index (DMI) flipped bullish on March 4, with +DI rising
from 17.7 to 27.9 and -DI dropping to 20.56. Bitcoin's break above the Ichimoku
Cloud's Senkou Span A ($88,200) confirmed a bullish trend reversal.
4.
Regulatory Tailwinds
The White
House Crypto Summit announcement on March 5 fueled speculation about potential
U.S. Bitcoin reserve policies. Analysts at Fidelity Digital Assets estimate
that 1% of Treasury reserves allocated to BTC could add $80 billion in buying
pressure.
Glassnode:
$74,000 support level tied to realized price of long-term holders.
Bitcoin's
2025 price action reflects its maturation into a macro asset class, with 30-day
volatility now comparable to Nasdaq (-18% vs -24% in February). While
short-term fluctuations persist, the convergence of institutional adoption,
regulatory clarity, and macroeconomic instability creates a bullish structural
backdrop.
Bicoin News, FAQ
Why Is Bitcoin Going Up
Now?
Bitcoin has
been rising for three consecutive sessions, currently trading around $91,264
after rebounding from its late February low of $83,000. This price recovery is
driven by a combination of easing trade tensions, renewed institutional buying,
and technical indicators signaling accumulation. Specifically, former President
Donald Trump's decision to delay auto tariffs on Canada and Mexico has softened
trade war concerns, leading to a weaker U.S. dollar.
What If I Bought $1 of
Bitcoin 10 Years Ago?
If you had
purchased $1 worth of Bitcoin in March 2015, when Bitcoin was trading around
$250, you would have acquired approximately 0.004 BTC. At today’s price of
$91,264, that small investment would now be worth about $365—an increase of
over 36,000%. This growth reflects Bitcoin’s evolution from a niche digital
asset to a globally recognized store of value.
Is Bitcoin Expected to
Rise?
Forecasts
from institutions like Fundstrat and Standard Chartered predict Bitcoin could
reach between $180,000 and $250,000 in 2025.
Can Bitcoin Reach $200,000
in 2025?
Yes, Bitcoin
reaching $200,000 in 2025 is within the realm of possibility, but it would
require a combination of strong institutional demand, favorable macroeconomic
conditions, and continued adoption. While $200,000 is possible, a more
conservative base-case forecast places Bitcoin between $120,000 and $150,000 by
the end of 2025.
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
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In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
In this session, Jonathan Fine form Ultimate Group speaks with Dor Eligula from Bridgewise, a fast-growing AI-powered research and analytics firm supporting brokers and exchanges worldwide.
We start with Dor’s reaction to the Summit and then move to broker growth and the quick wins brokers often overlook. Dor shares where he sees “blue ocean” growth across Asian markets and how local client behaviour shapes demand.
We also discuss the rollout of AI across investment research. Dor gives real examples of how automation and human judgment meet at Bridgewise — including moments when analysts corrected AI output, and times when AI prevented an error.
We close with a practical question: how retail investors can actually use AI without falling into common traps.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
Brendan Callan joined us fresh off the Summit’s most anticipated debate: “Is Prop Trading Good for the Industry?” Brendan argued against the motion — and the audience voted him the winner.
In this interview, Brendan explains the reasoning behind his position. He walks through the message he believes many firms avoid: that the current prop trading model is too dependent on fees, too loose on risk, and too confusing for retail audiences.
We discuss why he thinks the model grew fast, why it may run into walls, and what he believes is needed for a cleaner, more responsible version of prop trading.
This is Brendan at his frankest — sharp, grounded, and very clear about what changes are overdue.
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Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
Recorded live at FMLS:25 London, this executive interview features Elina Pedersen, in conversation with Finance Magnates, following her company’s win for Best Connectivity 2025.
🔹In this wide-ranging discussion, Elina shares insights on:
🔹What winning a Finance Magnates award means for credibility and reputation
🔹How broker demand for stability and reliability is driving rapid growth
🔹The launch of a new trade server enabling flexible front-end integrations
🔹Why ultra-low latency must be proven with data, not buzzwords
🔹Common mistakes brokers make when scaling globally
🔹Educating the industry through a newly launched Dealers Academy
🔹Where AI fits into trading infrastructure and where it doesn’t
Elina explains why resilient back-end infrastructure, deep client partnerships, and disciplined focus are critical for brokers looking to scale sustainably in today’s competitive market.
🏆 Award Highlight: Best Connectivity 2025
👉 Subscribe to Finance Magnates for more executive interviews, industry insights, and exclusive coverage from the world’s leading financial events.
#FMLS25 #FinanceMagnates #BestConnectivity #TradingTechnology #UltraLowLatency #FinTech #Brokerage #ExecutiveInterview
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We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
In this video, we take an in-depth look at @BlueberryMarketsForex , a forex and CFD broker operating since 2016, offering access to multiple trading platforms, over 1,000 instruments, and flexible account types for different trading styles.
We break down Blueberry’s regulatory structure, including its Australian Financial Services License (AFSL), as well as its authorisation and registrations in other jurisdictions. The review also covers supported platforms such as MetaTrader 4, MetaTrader 5, cTrader, TradingView, Blueberry.X, and web-based trading.
You’ll learn about available instruments across forex, commodities, indices, share CFDs, and crypto CFDs, along with leverage options, minimum and maximum trade sizes, and how Blueberry structures its Standard and Raw accounts.
We also explain spreads, commissions, swap rates, swap-free account availability, funding and withdrawal methods, processing times, and what traders can expect from customer support and additional services.
Watch the full review to see whether Blueberry’s trading setup aligns with your experience level, strategy, and risk tolerance.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#Blueberry #BlueberryMarkets #BrokerReview #ForexBroker #CFDTrading #OnlineTrading #FinanceMagnates #TradingPlatforms #MarketInsights
Exness CMO Alfonso Cardalda on Cape Town office launch, Africa growth, and marketing strategy
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Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
Exness is expanding its presence in Africa, and in this exclusive interview, CMO Alfonso Cardalda shares how.
Filmed during the grand opening of Exness’s new Cape Town office, Alfonso sits down with Andrea Badiola Mateos from Finance Magnates to discuss:
- Exness’s marketing approach in South Africa
- What makes their trading product stand out
- Customer retention vs. acquisition strategies
- The role of local influencers
- Managing growth across emerging markets
👉 Watch the full interview for fundamental insights into the future of trading in Africa.
#Exness #Forex #Trading #SouthAfrica #CapeTown #Finance #FinanceMagnates
