In recent days, Bitcoin (BTC) ‘s value has undergone a significant correction, dropping to levels between 70,000 and 72,000 dollars. This price range represents a crucial point for the market, as it could determine whether the cryptocurrency will resume its bull run or face a more extended consolidation phase.
Bitcoin Price Drops 1.26%
Reflecting a drop of roughly 1.26% from the previous close, Bitcoin (BTC) is trading about $81,338 USD as of March 11, 2025. From its January all-time high of $109,000 USD, the price of Bitcoin has declined around thirty percent. Among other reasons, including unhappiness with the U.S. government’s strategic reserve plan, this drop is ascribed to Market expectations not met by President Trump’s declaration that the strategic reserve would consist just of Bitcoin acquired through legal forfeitures instead of fresh government purchases.
Currently, Bitcoin is priced around 80,000 dollars, after hitting a daily low of 76,749 dollars and a high of 83,814 dollars. Volatility remains high, with significant swings reflecting market uncertainty. One of the most interesting aspects of the recent correction is the so-called “Trump trade.” This term refers to the fact that Bitcoin started its rally from 70,000 dollars after Donald Trump’s victory in the early November elections. This level now acts as critical support, and its holding could favor a restart of the bull trend.
Arthur Hayes Predicts Bitcoin Price
Arthur Hayes, co-founder and former CEO of BitMEX, recently stated that the price of Bitcoin could find a low point around $70,000, with a 36% correction from the all-time high of $110,000. According to Hayes, such a correction is expected within a bull market and could represent a buying opportunity for investors. Arthur Hayes, co-founder and former CEO of BitMEX, has shared several predictions regarding Bitcoin’s price movements. He anticipates that Bitcoin’s price may dip to approximately $70,000, representing a 36% correction from its all-time high of $110,000.
He views such a pullback as typical within a bull market and suggests it could present a buying opportunity for investors. Following this correction, Hayes predicts that Bitcoin could rebound to $250,000 by 2025. Hayes also expressed a very optimistic long-term view. According to his forecasts, Bitcoin could drop between 70,000 and 75,000 dollars and then resume its growth and reach 250,000 by the end of the year. In the long term, Hayes believes BTC could reach 1 million dollars.
Key factors to monitor
Several elements could influence the price of Bitcoin in the coming months:
Central Bank Policies—The Federal Reserve and other financial institutions monitor inflation and may adopt restrictive monetary policies that impact market liquidity.
Institutional Adoption—More companies and investment funds are including Bitcoin in their portfolios, but a reversal could lead to new bear pressures.
Geopolitical Situation—At this moment, especially Trump’s tariff policy, global events could impact market sentiment.
Bitcoin is in a delicate phase, with the key support between 70,000 and 72,000 dollars representing a critical level for its future trend. We might witness a restart towards new highs if the cryptocurrency maintains these levels. Otherwise, the market could enter a more prolonged consolidation phase.
Investors should remain cautious and closely monitor macroeconomic and market developments before making strategic decisions. Volatility remains high, but industry analysts believe the long-term outlook continues to be bullish.
Final thoughts
Emphasizing Bitcoin’s recent price swings and the uncertainty that defines the market, the paper offers a fair and perceptive summary of its present state. With its price ranging between $70,000 and $72,000, which is vital, Bitcoin has been showing notable volatility. If Bitcoin maintains this range, it might indicate the beginning of a fresh bull run; if it fails to sustain this support, the market might move toward extended consolidation.
The paper draws attention to a fascinating phenomenon known as the “Trump trade,” which is the surge in Bitcoin following Donald Trump’s election triumph. This political event appears to have aligned with Bitcoin’s growth, with the $70,000 mark now serving as a crucial support level that could potentially accelerate its growth.