Bitcoin is now trading above key levels, but bulls still have work to do before confirming a full recovery. Since late January, trade war fears and erratic economic policies from US President Trump have injected volatility into each the crypto and equities markets. As recession concerns grow, speculation of a chronic bear market has intensified, dampening hopes for a powerful bullish trend in 2025.

Despite the uncertainty, on-chain data suggests that Bitcoin could still have room to recuperate. In accordance with metrics from IntoTheBlock, Bitcoin whale balances have been trending downward for nearly a yr, reflecting a chronic period of distribution. Nevertheless, March data signals a possible shift, as large holders have began accumulating BTC again. This renewed accumulation could indicate a change in market sentiment and a foundation for price stabilization.

For Bitcoin to sustain its recovery, bulls must hold current levels and push toward higher resistance zones. A failure to reclaim key levels may lead to further downside pressure. The approaching weeks shall be crucial in determining whether BTC can regain its bullish momentum or if the market stays under bearish control.

Bitcoin Bulls Attempt Recovery As Whales Return to Accumulation

Bitcoin is trading above crucial demand levels as bulls fight to reclaim higher prices after weeks of intense selling pressure and macroeconomic uncertainty. Since hitting an all-time high of $109K in January, BTC has lost over 29% of its value, fueling speculation a couple of potential bear market. Nevertheless, recent price motion suggests some strength, with Bitcoin climbing over 7% from Tuesday’s $81K low.

Market analysts remain divided on Bitcoin’s next move. Some imagine the asset is entering a chronic downtrend, while others argue that the present dip is a healthy correction before a serious recovery. A key factor influencing this outlook is whale behavior, as large holders often dictate long-term trends.

IntoTheBlock shared on-chain insights on X, revealing that Bitcoin whale balances have been in a downward trend for nearly a yr, signaling distribution and weakening demand. Nevertheless, March data now hints at a possible reversal, as whales have gathered roughly 62,000 BTC because the start of the month. This shift in behavior suggests that institutional and high-net-worth investors could also be positioning themselves for a possible rebound.

For Bitcoin to substantiate a recovery, bulls have to sustain current levels and push above key resistance. If accumulation continues, BTC may very well be on course for a bullish resurgence.

Price Holds Above $85K As Bulls Aim For $88K Breakout

Bitcoin is trading above the $85K level as bulls try to reclaim momentum and push toward higher resistance. The important thing level to observe within the short term is $88K, which aligns with the 4-hour 200 EMA and serves as a serious resistance barrier. If BTC successfully reclaims this level, a breakout above $90K is predicted, potentially confirming a shift in momentum toward a recovery.

Nevertheless, Bitcoin’s price motion stays fragile, with bulls struggling to determine a powerful foothold. The market remains to be under the influence of macroeconomic uncertainty, with trade war fears and U.S. stock market volatility adding pressure. Any failure to carry above $85K could trigger renewed selling, pushing BTC below $81K and opening the door for further downside.

The following few trading sessions shall be crucial as Bitcoin attempts to sustain its recent gains. If bulls can maintain control and reclaim the $88K-$90K zone, a stronger uptrend could develop. Otherwise, losing the $85K support level would put Bitcoin susceptible to testing lower demand zones, reinforcing bearish sentiment.

Featured image from Dall-E, chart from TradingView 

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