Bitcoin Rises Above $85,000 And Avoids A Major Drop

For two weeks, Bitcoin seemed to be pedaling in semolina, unable to climb above $90,000. Then, against all odds, the flagship crypto surged, finally crossing the dreaded $85,000 mark. A sigh of relief sweeps across the markets, but it’s not time for euphoria: could this breakthrough signal the start of a new rally? Or merely defer an inevitable drop towards $76,000?

$85,000 reached at the last minute: Bitcoin avoids a brutal crash

Ah, $85,000… a simple number, but! For roller coaster enthusiasts, it’s the next turn (before $65,000?). For analysts like Ryan Lee from Bitget Research, it’s the lifeline:

A weekly close above this level could avoid a descent towards $76,000 and signal a bullish recovery.

A tad dramatic? Not quite, when we know that.

The scene is set:… Yet, Bitcoin hesitates. A psychological war is raging between hodlers and weekend sellers.

According to SantinoCripto, “the bottom of this correction is around $75,000”. A cautious estimate, compared to some much darker voices.

Alex Wacy, for instance, doesn’t mince his words:

A return to $40,000 is possible.

But beware of the magnifying effect. As Crypto Rand reminds us:

• The Bitcoin price has already seen three mega-corrections of -87%, -85%, and -72%;
• Between 2014 and 2021, the trend remained bullish;
• Each drop fuels a cycle… and reignites hope;
• Panicking is a classic reaction, but often unjustified;
• “Stick to the plan,” as he says: patience and perspective!

So, should we tremble? Or simply breathe, hold on, and wait for the next twist?

With the close above $85,000 ($85,255 at the time of writing this article), Bitcoin seems to have outsmarted the worst scenarios. If the momentum continues towards $87,000, technical signals could align to trigger a new bullish rally this week.

The crypto market: a theater of shadows and convictions

Beyond the price, crypto market signals do not lie:. Since February, these diehards have been quietly accumulating their BTC, far from panicked gazes. In just two months, over 250,000 BTC have been absorbed, increasing.

It’s a sign, proclaim the on-chain oracles. A submarine movement, a silent rise. “These accumulations are what we should watch, not the short-term fluctuations,” notes Enmanuel Cardozo from Brickken.

But should we view this as a mere crypto-ant reflex, or a harbinger of an explosion? The market is also driven by. Will that be enough to reverse the trend?

Especially since shadows persist: global tariff tensions loom until early April. Until then, the slightest tweet can upset the balance. Yet, in this theater of uncertainties, some see.

Sandman Research summarizes this well:

Bitcoin follows the curve of global liquidity like a faithful shadow. And it has just reached a peak.

So, is it just a coincidence or a prelude to the next act of the bull run?

Another factor not to be overlooked: the money supply. It also made a discreet reminder in propelling Bitcoin. Admittedly, the correlation isn’t perfect, but history proves it: the two are inseparable.

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