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Why Is Bitcoin Going Down Despite US Digital Asset Stockpile?

Friday, 07/03/2025 | 11:23 GMT by Tareq Sikder
  • Bitcoin remains choppy despite US Bitcoin Reserve, with no bullish momentum yet.
  • BTCUSD finds support at 82,450, faces resistance at 92,750, and shows mixed price action.
8-bit pixel art of Donald Trump with Bitcoin tokens as eyes and a big smile
Trump's personal crypto portfolio tumbles amid general upturn (designed by Grok).

Despite US President Donald Trump signing an executive order to establish a Bitcoin Strategic Reserve for seized government assets, Bitcoin's price action remains choppy. At the time of writing, the price is edging higher on intraday charts, but the anticipated bullish momentum has yet to materialize for many traders.

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Bitcoin Forms Double Bottom, Faces Rejection

The BTCUSD H1 chart indicates that after a sharp bearish move, the price found support around 82,450, where it formed a double bottom before initiating a bullish correction. The price attempted to extend the upside but faced rejection at 92,750, which has been acting as a resistance and pushing the price lower.

The chart also shows that today's first H1 candle closed as a bearish engulfing candle, hinting at a potential continuation of the bearish trend. However, the following candle formed a bullish inside bar, suggesting buying interest as the price has been gradually moving higher.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

DeepSeek AI Predicts Bitcoin’s 2025 Outlook

Bitcoin has been trading below $100,000 for an extended period, with this level serving as a resistance point that may hinder upward momentum. From a wider outlook, DeepSeek AI has outlined three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to range between $100,000 and $150,000, according to Finance Magnates.

In a more optimistic “hyperbitcoinization” scenario, the price could reach $350,000. A less likely black swan event could push it to $500,000. These forecasts are based on anticipated growth in institutional adoption and broader blockchain integration within global finance. However, DeepSeek AI stresses that these predictions come with significant uncertainty and volatility.

Bitcoin Price Overview

Why is Bitcoin’s Price Volatile?

Bitcoin has been experiencing volatility, trading below $100,000, due to a lack of clear momentum from buyers or sellers. While market conditions generally favor upward movement, uncertainty has kept the price choppy, with sellers hesitant to push prices lower.

What will Bitcoin be worth in 2025?

Analysts, including DeepSeek AI, project Bitcoin could reach new highs in 2025, with some estimates suggesting it may exceed $200,000. Short-term forecasts predict Bitcoin will trade between $95,000 and $117,000, while the long-term outlook remains optimistic, driven by growing institutional interest and Bitcoin’s inherent scarcity.

Is Bitcoin Expected to Rise?

Yes, Bitcoin is expected to see upward movement. Analysts predict price increases, driven by factors such as institutional adoption, ETF approvals, and favorable macroeconomic conditions. However, volatility remains a risk, influenced by regulatory changes, market sentiment, and macroeconomic factors. Despite potential corrections, the long-term trend remains positive.

Despite US President Donald Trump signing an executive order to establish a Bitcoin Strategic Reserve for seized government assets, Bitcoin's price action remains choppy. At the time of writing, the price is edging higher on intraday charts, but the anticipated bullish momentum has yet to materialize for many traders.

Utip Advertisement
This above is an advertisement by Utip

Bitcoin Forms Double Bottom, Faces Rejection

The BTCUSD H1 chart indicates that after a sharp bearish move, the price found support around 82,450, where it formed a double bottom before initiating a bullish correction. The price attempted to extend the upside but faced rejection at 92,750, which has been acting as a resistance and pushing the price lower.

The chart also shows that today's first H1 candle closed as a bearish engulfing candle, hinting at a potential continuation of the bearish trend. However, the following candle formed a bullish inside bar, suggesting buying interest as the price has been gradually moving higher.

BTCUSD, H1 Chart, Source: TradingView
BTCUSD, H1 Chart, Source: TradingView

DeepSeek AI Predicts Bitcoin’s 2025 Outlook

Bitcoin has been trading below $100,000 for an extended period, with this level serving as a resistance point that may hinder upward momentum. From a wider outlook, DeepSeek AI has outlined three potential scenarios for Bitcoin in 2025. In the base case, Bitcoin is expected to range between $100,000 and $150,000, according to Finance Magnates.

In a more optimistic “hyperbitcoinization” scenario, the price could reach $350,000. A less likely black swan event could push it to $500,000. These forecasts are based on anticipated growth in institutional adoption and broader blockchain integration within global finance. However, DeepSeek AI stresses that these predictions come with significant uncertainty and volatility.

Bitcoin Price Overview

Why is Bitcoin’s Price Volatile?

Bitcoin has been experiencing volatility, trading below $100,000, due to a lack of clear momentum from buyers or sellers. While market conditions generally favor upward movement, uncertainty has kept the price choppy, with sellers hesitant to push prices lower.

What will Bitcoin be worth in 2025?

Analysts, including DeepSeek AI, project Bitcoin could reach new highs in 2025, with some estimates suggesting it may exceed $200,000. Short-term forecasts predict Bitcoin will trade between $95,000 and $117,000, while the long-term outlook remains optimistic, driven by growing institutional interest and Bitcoin’s inherent scarcity.

Is Bitcoin Expected to Rise?

Yes, Bitcoin is expected to see upward movement. Analysts predict price increases, driven by factors such as institutional adoption, ETF approvals, and favorable macroeconomic conditions. However, volatility remains a risk, influenced by regulatory changes, market sentiment, and macroeconomic factors. Despite potential corrections, the long-term trend remains positive.

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About the Author: Tareq Sikder
Tareq Sikder
  • 2326 Articles
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About the Author: Tareq Sikder
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023. At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London. Education: Honours degree Information Technology, Anfell College, London
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