Bitcoin’s surge to $85,000, on February 28, had traders optimistic that BTC was about to hit a low.BTC() tried to achieve a high-high candlestick at the close of each day.
TRDR.io data shows that Bitcoin was a hot commodity at Coinbase, as it fell to its 2025 lowest price of $78,300. However, the question remains whether bulls can provide sufficient volume for their momentum to continue.
BTC/USDT 1-day chart. Source. TRDR.io
Magus, a crypto-trader, suggested the best path for Bitcoin was to range build in the range of $72,000 to 85,000 over a period of several weeks.
Magus, in a recent post to X shared this chart. said,
“Expecting BTC to build a range like this now.”
BTC/USDT 1-day chart. Source: Magus/X
The lack of demand for Horses at the spot market is also a concern. added Bitcoin’s returns could be on a downward trend throughout the weekend, depending on how traders interpret President Trump’s remarks over the course of the weekend.
“I’m guessing that BTC returns over the weekends will continue to go more negative than they already are, as tradfi uses it to hedge for anything Trump says before Sunday futs open.”
Although traders seem to be predicting a choppy Bitcoin price in the next few weeks, the recent 29% drop from $110,000 isn’t extraordinary. As pointed out by crypto trader ‘internIn bull markets of Bitcoins, 30% corrections is not uncommon. They have historically been the most optimal time to purchase.
Bitcoin price drawdowns during bull markets. Source: Intern/X
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Source: cointelegraph.com
