Bitcoin Struggles to Hold $84,000 Amid Global Uncertainties

Bitcoin's price has been a focal point of market attention, with the cryptocurrency struggling to maintain its position above $84,000. On March 15, 2025, Bitcoin traded at $84,222, with a market capitalization of $1.67 trillion. This price point has been a critical level for bulls, who have been attempting to push the price higher, while bears have exerted significant pressure, causing the price to dip slightly.

The volatility in Bitcoin's price has been evident, with the cryptocurrency showing both bullish and bearish tendencies. Despite touching the $84,000 mark, Bitcoin has struggled to hold this level, indicating a battle between buyers and sellers. The market's uncertainty has been driven by global trade tensions and economic uncertainties, which have led investors to seek refuge in cryptocurrencies.

Bitcoin's recent performance has been marked by a recovery from a four-month low of $77,000, rising to $84,000. However, the momentum has stalled, and the price has been hovering around $82,000. This lack of direction has left market participants wondering whether Bitcoin will continue its upward trajectory or face a correction.

The cryptocurrency's Sharpe ratio, a measure of risk-adjusted return, has been declining, indicating increased market volatility. This volatility has been a challenge for Bitcoin, which has been facing a downtrend since last night, struggling to hold between $84,000 and $83,000. The market awaits confirmation of a breakout or a further decline.

Bitcoin's struggle to maintain its position above $84,000 has been a test for bulls, who have been attempting to push the price higher. The cryptocurrency's performance has been influenced by global trade tensions and economic uncertainties, which have led investors to seek refuge in cryptocurrencies. The market's volatility has been a challenge for Bitcoin, which has been facing a downtrend, struggling to hold between $84,000 and $83,000. The market awaits confirmation of a breakout or a further decline.