Bitcoin made another powerful comeback, immersing it at four months’ lows before regaining its $80,000 level. This recovery has led to new optimism among investors, but uncertainty remains as important US CPI data is expected to arrive on March 12th.
Bitcoin’s recent price swing
Bitcoin slipped to around $76,800 just a few days ago, sparking concerns about a deeper sale. However, cryptocurrency recovered quickly and is now stable at over $82,000. Despite this, Bitcoin still fell 14% in 2025, remaining an all-time high.
One of the main reasons behind Bitcoin’s recent dip was the response to former US president Donald Trump’s proposal for the National Bitcoin Reserve. Initially, the announcement created excitement, but investors were disappointed if the actual government purchases were not continuing.
In addition to this, broader economic concerns such as fear of inflation, rising interest rates and trade tensions also place emphasis on Bitcoin prices. Recent recovery shows strength, but experts have warned that volatility is not over.
A powerful RSI that sees recovery
From a technical standpoint, the Bitcoin derivatives market shows signs of stability. Even after a sharp decline from March 2nd to March 11th, Bitcoin futures annual premiums remain at 4.5%.
This is a positive sign as this premium fell to zero or negative levels during a previous major crash, signaling extreme panic.
Furthermore, the relative strength index (RSI), which measures price momentum, has risen from 30 to 40, suggesting that sales pressure is eased. However, for Bitcoin to see a strong recovery, the RSI must be above 50.
What’s next for Bitcoin?
If Bitcoin continues its upward trend, analysts predict it will soon be able to move to $90,000. However, the upcoming days will be important in determining whether this recovery is sustainable or if another dip is on the horizon.
