Bitcoin Price Prediction Today March 4

Bittime - Bitcoin continues to be a digital asset that attracts attention with its dynamic price movements every day. Today's Bitcoin price analysis and predictions provide important insights for investors to understand the latest market trends. 

Influenced by market sentiment, global news, and technical indicators, Bitcoin offers both great opportunities and challenges for those immersed in the world of crypto. 

In this article, we will review the latest predictions, technical analysis, and factors that influence Bitcoin prices, so you can always be ready to face market changes.

Bitcoin Price Performance Today 

Bitcoin price is currently (3/03/2025) trading in a range $93,005,83 take notes 8.13% increase in Last 24 hours. The market is showing volatility with daily lows at $85,058,40 and highest in $94,905,02. Bitcoin's total market capitalization stands at approx $1,839,769,524,467.52 go on -7.73% Last 24 Hours.

Price BTC to USDT via Market Bittime

Historical Bitcoin Price Movements

Bitcoin has experienced significant growth over the past year, with a notable increase of approx 141,83% since January 2024, when the price is approx $42.461. This cryptocurrency hit an all-time high in $109.588 before Donald Trump's inauguration on January 20, 2025. This surge reflects bullish market sentiment, driven by expectations of pro-crypto policies from the new administration.

Bitcoin Price Analysis Today March 3 2025

Bitcoin price today shows bullish momentum with a significant increase of 8.02% in the last 24 hours, indicating strong buying interest in the market. However, volatility remains high, as seen from daily price fluctuations and a weekly decline of 3.2%, which reflects selling pressure at certain resistance levels. 

The increase in trading volume to $63.8 billion indicates active market activity, possibly triggered by positive sentiment or recent fundamental news. 

With a market capitalization of $1.84 trillion, Bitcoin remains dominant in the crypto market, but investors need to be wary of potential corrections given the rapid price movement and risk of profit-taking at current price levels.

Read too Bitcoin (BTC) Price Prediction: Comprehensive Analysis

Factors Affecting Bitcoin Prices

Federal Reserve Policy and Macroeconomic Sentiment

Bitcoin (BTC) price jumped 8.02% in the last 24 hours, reaching $93.112,60 or around IDR 1.54 billion. This increase was driven by President Donald Trump's announcement regarding the formation Crypto Strategic Reserve, which increases market confidence in crypto adoption at the national level. 

However, macroeconomic uncertainty, including new tariff policies against Canada and Mexico, remains a threat to risk assets like Bitcoin.

Price Rebounds After February Correction

Bitcoin experienced its worst February in a decade, with prices plunging to $78.000 at the end of the month. However, strategic buying by large investors (whales) succeeded in pushing prices back into the green zone. This trend indicates that a strong support level is nearby $85.000, while major resistance remains at $100,000.

Trading Volume and Fear & Greed Index

Bitcoin trading volume jumped 126% in the last 24 hours, reaching $63.8 billion, indicating a significant increase in buying interest. Even so, the Fear & Greed Index still shows "extreme fear," reflecting investors' wariness of market volatility.

Conclusion

Bitcoin price is currently showing a strong recovery after a major correction in February. The main factors influencing price movements are President Trump's pro-crypto policies and global economic uncertainty. With current prices around $93.112, investors are advised to monitor resistance levels at $100,000 and support at $85.000 as a short-term trend indicator.

Read too Everything Happening to Bitcoin Through 2024: BTC ETFs, Trump, and the All-Time High

Bitcoin Support and Resistance Levels (Update 3-4 March 2025)

Main Support

$85,000 - $86,000: Currently, this level is the closest support that needs to be maintained to maintain bullish momentum. A drop below this level could trigger additional selling.

$78,000 - $80,000: If selling pressure continues, this area will become the next support. A drop to this level could take the price towards the critical zone around $75,000.

Main Resistance

$90,000: This level is the first resistance that must be broken to confirm a short-term recovery.

$93,112 - $94,000: Previously a critical support zone, it is now a strong resistance that needs to be overcome to signal further recovery.

$100,000: A key psychological target that would indicate a significant bullish trend if successfully achieved.

Bitcoin Price Movement Scenarios

Bullish Scenario 

Bitcoin needs to break resistance at $90,000 And $93,112 to continue the uptrend. If the positive momentum continues, the price could approach the psychological target of $100,000. Market sentiment is currently supported by the announcement Crypto Strategic Reserve by President Trump, which increased confidence in crypto adoption.

Consolidation Scenario

If market uncertainty remains high due to new tariff policies against Canada and Mexico as well as global macroeconomic concerns, Bitcoin is likely to move sideways in the $85,000 to $90,000 range over the next few days.

Bearish Scenario

If selling pressure increases and the price falls below the key support at $85,000, it is likely to take the price towards the critical zone around $78,000. A further decline below $75,000 could trigger greater panic selling.

Conclusion

With Bitcoin prices currently in the range $93,112 (up 8% in the last 24 hours) and market capitalization reached $1.84 trillion, investors are advised to monitor these key levels to determine the direction of further price movements.

Read too How to Buy Bitcoin (BTC)

Conclusion

Bitcoin price on March 3, 2025 showed significant recovery, trading at approx $93,112.60, after experiencing an increase of 8.02% in the last 24 hours. This rise was driven by President Trump's pro-crypto policies which accelerated the formation Crypto Strategic Reserve, as well as the increasing interest of investors who see Bitcoin as a hedge asset amidst global economic uncertainty. 

Despite this, Bitcoin prices still experienced a 3.2% decline in the past week, indicating the volatility that remains in the market. Investors are advised to monitor the support level at $85,000 and resistance in $90,000 to determine the direction of the next price movement. 

If selling pressure subsides and market sentiment improves, there is potential for Bitcoin to move back closer to the psychological target $100,000 soon.

FAQ about Bitcoin (BTC) Price Prediction March 4, 2025

1. What caused the rise in the price of Bitcoin today?

Today's Bitcoin price increase, which reached around $93,112.60, was triggered by President Donald Trump's announcement regarding the formation of Crypto Strategic Reserve, which increases market confidence in crypto adoption. Apart from that, increased buying interest from large investors (whales) also contributed to this price spike.

2. What are the important support and resistance levels for Bitcoin right now?

Currently, the main support level for Bitcoin is in the $85,000 - $86,000 range. If the price falls below this level, it could trigger additional selling. On the other hand, important resistance levels are $90,000 and $93,112 - $94,000. A break above this resistance level could signal a potential further recovery towards the psychological target of $100,000.

3. What is the short-term outlook for Bitcoin price?

The short-term outlook for Bitcoin price looks positive if it can break the resistance level at $90,000 and maintain support at $85,000. If market sentiment improves and selling pressure subsides, it is possible that the price will approach the psychological target of $100,000. However, investors must remain alert to the volatility and uncertainty that still exists in the crypto market.

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