Bitcoin's price experienced volatility, but quickly recovered to $89,000 after plunging due to Donald Trump's announcement of tariffs. Despite bearish sentiment, analysts expect Bitcoin to consolidate sideways in March before making a decisive move, possibly breaking out within a month. Bitcoin has faced resistance at the 50-day moving average near $99,000. Historical trends suggest Bitcoin could remain range-bound for another month before a breakout, potentially pushing its price to $160,000. On-chain data shows a shift in supply dynamics, with short-term holders increasing their holdings while long-term holders gradually sell. Analysts caution that Bitcoin may face continued resistance until long-term holders resume accumulation. At present, Bitcoin is trading at $89,661 with a 6% gain in the past 24 hours. The ability to break through resistance at $99,000 will determine the next phase of Bitcoin's trend.



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