Bitcoin Breaks $90K, Whales Dump: March's Uncertain Path

Bitcoin (BTC) Price in March 2025: What to Expect

Bitcoin (BTC) has been trading within a range for most of February, but it has recently broken below the consolidation zone, slipping under $90,000 for the first time since November. The leading coin now trades at $88,956, raising concerns about a potential decline in March.

Experts weigh in on Bitcoin's price trajectory in March 2025. Brian, lead analyst at Santiment, notes that Bitcoin whales have reduced their trading activity, increasing the likelihood of a further decline in the coin's value. The decline in Bitcoin's large holders' netflow corroborates Brian's position, with the metric plummeting by over 600% in the past 30 days.

Large holders refer to whale addresses that hold more than 0.1% of an asset's circulating supply. Their netflow tracks the amount of coins they buy and sell over a specific period. When it falls, these key investors are reducing their token holdings, signaling increased selling activity. This may exacerbate the downward pressure on BTC's price as supply increases in the market.

John Glover, Ledn's Chief Investment Officer (CIO), believes that BTC will likely remain range-bound between $89,000 and $108,000 in March. Glover suggests that BTC is following one of two paths: either a dip to $89,000 or even $77,000 before the next rally, or a move higher to around $130,000. However, he acknowledges that it's impossible to predict which path BTC will take, and short-term predictions are meaningless when intraweek or intra-month moves are dictated by news and the actions of big players.

Bitcoin may be oversold and ready for a rebound, as reflected by its Relative Strength Index (RSI) readings. At press time, this momentum indicator is downward at 31.16. The indicator measures an asset's oversold and overbought market conditions and ranges between 0 and 100. Values above 70 indicate that the asset is overbought and due for a decline, while values below 30 suggest that the asset is oversold and may witness a rebound. BTC's R