In the wake of the latest U.S. Consumer Price Index (CPI) report—showing inflation at 2.8%, slightly below the expected 2.9%—Bitcoin (BTC) has led a modest rebound across the broader cryptocurrency market. Over the past 24 hours, the flagship digital asset gained approximately 2%, trading around $83,282 during early European session on Thursday, March 13.
This renewed momentum has eased concerns about further downside pressure. Market sentiment, as measured by the Bitcoin Fear & Greed Index, jumped from 34%—indicating "fear"—to around 45%, reflecting a more neutral outlook among traders.
Technical Insights: What the Bitcoin Chart Reveals
After Bitcoin’s price broke below the critical $92,000 support level, on-chain data from Santiment revealed growing exhaustion among short-term traders. Repeated breakdowns without clear reversal patterns have increased downside risks in recent weeks.
However, technical indicators now suggest a potential shift. On the daily chart, BTC has formed a lower low—but crucially, the Relative Strength Index (RSI) is showing a bullish divergence. This means that while price dipped to new lows, momentum did not follow suit, often a precursor to a reversal.
👉 Discover how market momentum shifts can signal major Bitcoin moves before they happen.
A bullish divergence on this timeframe could pave the way for a sharp V-shaped recovery in the coming weeks, especially if macroeconomic conditions remain favorable.
Key Support and Resistance Levels to Watch
For Bitcoin to sustain any meaningful recovery, it must hold above key moving averages. According to analyst Ali Martinez, maintaining price action above the 50-week moving average (currently around $75,500) is essential to avoid a deeper correction toward the 200-week MA near $46,000.
While that scenario remains unlikely under current conditions, vigilance is warranted. A weekly close below $75,500 could trigger cascading liquidations and reignite bearish sentiment.
On the upside, a sustained breakout above the $92,000–$95,000 resistance zone is required to confirm a resumption of the bull run. This range previously acted as strong support and now serves as a psychological and technical barrier.
Notably, on-chain data shows that over 1.2 million Bitcoin addresses—representing more than 726,000 BTC—were accumulated near the $95,000 price point by approximately 54 million holders. This concentration of buy-side activity suggests strong demand if prices revisit that level.
Why Optimism Still Makes Sense
Despite recent volatility, long-term fundamentals for Bitcoin remain robust. One compelling argument for sustained growth is its growing correlation with gold—a traditional safe-haven asset now trading at all-time highs.
As global uncertainties persist—from geopolitical tensions to fiscal deficits—investors continue to seek non-sovereign stores of value. Bitcoin’s fixed supply cap of 21 million coins reinforces its "digital gold" narrative, especially as nation-states increasingly adopt it at institutional levels.
The United States, in particular, has seen growing acceptance of Bitcoin through regulated financial products. This institutional embrace adds credibility and liquidity to the ecosystem.
U.S. Spot Bitcoin ETFs Show Signs of Recovery
On Wednesday, U.S.-listed spot Bitcoin ETFs recorded $133 million in net inflows, ending a two-week streak of outflows. While BlackRock’s IBIT saw outflows of $47 million, ARKB surged with approximately $82.6 million in net inflows—signaling strong conviction from active investment managers.
These flows suggest that professional investors may be accumulating BTC at current price levels, viewing recent dips as buying opportunities rather than signs of structural weakness.
👉 Learn how ETF inflows influence Bitcoin’s long-term price trajectory.
Market Sentiment: From Fear to Cautious Hope
The jump in the Fear & Greed Index from 34% to 45% reflects a subtle but important shift in trader psychology. While not yet in "greed" territory, this movement indicates reduced panic and increased willingness to re-enter positions.
Moreover, derivatives data shows declining open interest in perpetual futures contracts, suggesting that excessive leverage has been flushed out—a healthy development ahead of potential volatility events.
What’s Next for Bitcoin?
If inflation continues to trend downward and the Federal Reserve signals potential rate cuts later in 2025, risk assets like Bitcoin could see renewed capital inflows. Historically, easing monetary policy environments have favored high-growth, high-volatility assets.
Additionally, upcoming macro events such as the U.S. jobs report and central bank speeches will play pivotal roles in shaping near-term sentiment.
Frequently Asked Questions (FAQ)
Q: Can Bitcoin break above $100,000 again?
A: Yes—provided it sustains a close above $95,000 and sees consistent institutional demand. Historical patterns and on-chain accumulation suggest $109,000 remains a viable target in this cycle.
Q: Is now a good time to buy Bitcoin?
A: For long-term investors, current prices near $83,000 offer a strategic entry point below key resistance zones. Dollar-cost averaging can help mitigate volatility risk.
Q: How does CPI data affect Bitcoin?
A: Lower-than-expected inflation reduces pressure on the Fed to maintain high interest rates, improving investor appetite for alternative assets like BTC.
Q: What happens if BTC drops below $75,000?
A: A breach of the 50-week moving average could trigger short-term panic and test support near $60,000–$65,000. However, such a move would likely be temporary given strong long-term fundamentals.
Q: Are ETFs really moving the market?
A: Absolutely. U.S. spot Bitcoin ETFs have become major players in daily trading volume. Sustained inflows signal growing trust and can drive price appreciation over time.
Q: What’s more important—on-chain data or technical analysis?
A: Both are valuable. On-chain metrics reveal investor behavior and supply dynamics, while technical analysis helps identify timing and key levels for entries and exits.
Final Outlook: A Bullish Case Builds
While short-term volatility remains inevitable, the broader picture for Bitcoin is turning increasingly positive. Support from macroeconomic trends, strengthening ETF flows, improving market sentiment, and strong on-chain fundamentals all point to a potential resurgence.
For traders and investors alike, monitoring the $92,000–$95,000 zone will be critical in the weeks ahead. A confirmed breakout could unlock momentum toward new all-time highs.
👉 Stay ahead of the next Bitcoin surge with real-time market analytics and insights.
As always, risk management should remain a priority. But for those watching closely, the signs suggest that Bitcoin may be laying the groundwork for another major leg up in 2025.
Core Keywords: Bitcoin price prediction, BTC price today, Bitcoin bullish breakout, Bitcoin technical analysis, Bitcoin ETF inflows, Bitcoin resistance levels, Bitcoin market sentiment, Bitcoin on-chain data