Bitcoin News: Bitcoin May Have Found Its Bottom After Recent 30% Correction

Investors are closely monitoring the cryptocurrency market, particularly the fate of Bitcoin (BTC), following a significant price correction. Here’s a summary of recent developments and insights into Bitcoin’s potential bottoming out.

Bitcoin May Have Hit Bottom After 30% Fall

The number one question on investors’ minds is whether an asset has hit its bottom after being in a sustained downtrend. Recent price action suggests that Bitcoin (BTC) may have found its bottom just above $76,000 on March 10. This move has formed a pattern reminiscent of previous bottoming events. In this current correction, Bitcoin fell 30% from its all-time high of $109,000 reached on Jan. 20. After hitting a low on March 10, it recorded higher lows on both sides of that date—around $78,000 on Feb. 28 and just above $81,000 on March 31—forming a triangular bottom. A similar pattern played out during another market downturn.

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Bitcoin Sales at $109K All-Time High ’Significantly Below’ Cycle Tops

New research reveals that Bitcoin (BTC) investors who bought BTC in 2020 or later are still waiting for higher prices. Onchain analytics firm Glassnode found that $110,000 was not high enough to make many hodlers sell. Bitcoiners who entered the market between three and five years ago have retained their holdings despite significant BTC price upside. According to Glassnode, this investor cohort, with a cost basis between the 2020 lows of $3,600 and the 2021 highs of $69,000, is still hodling. Although the share of wealth held by investors who bought BTC 3–5 years ago has declined by 3 percentage points since its November 2024 peak, it remains at historically elevated levels.

Bitcoin Already Priced in Recession Fears, But Downside Risk Remains: Bitwise

While Bitcoin (BTC) has factored in many recession concerns, analysts at Bitwise caution that risks could still lie ahead. BTC and other altcoins have likely priced in U.S. recession fears, but more downside is possible if a recession occurs. Bitwise’s research report outlines Bitcoin’s mixed performance during past recessions, such as the 2020 Covid recession where Bitcoin sold off by over 50% but ended the year up more than 300%. The analysts state that if equity downside continues, Bitcoin is likely to stay under pressure.

Bitcoin Price Weakness: Exploring Factors Beyond the US Tariff War

The complex interplay of global economic factors and investor sentiment continues to shape the trajectory of Bitcoin, challenging its once-promising rally. While tariffs are often cited as a key influence, numerous underlying dynamics, including inflationary pressures and market reactions, have amalgamated to suppress Bitcoin’s price. According to COINOTAG analysts, the effects of macroeconomic policies may be more impactful on Bitcoin’s price movements than the ongoing trade disputes. This article examines macroeconomic factors, including tariffs and inflation, influencing Bitcoin’s current market performance.