Bitcoin (BTC) experienced a sharp decline after President Trump established a Strategic Bitcoin Reserve, causing a sell-off in the market. The lack of a buying strategy in the executive order dampened investor sentiment. However, some analysts believe that this move could encourage other countries to follow suit, further legitimizing Bitcoin. Additionally, fresh U.S. job data increased market speculation, leading to optimism over potential rate cuts by the Federal Reserve. While AI prediction models suggest a bullish outlook for Bitcoin, with an average price of $102,938 by 2025, there are varying projections. Bitcoin is expected to consolidate sideways in March before potentially making a decisive move. However, analysts warn that without long-term holder accumulation, sustaining upward momentum and a decisive breakout may be delayed.
Content Editor ( finbold.com )
- 2025-03-07
AI predicts Bitcoin price for March 31, 2025
