Bitcoin - Will Bitcoin Go Up Again?!Bitcoin is trading below the EMA50 and EMA200 on the four-hour timeframe and is trading in its descending channel. The continuation of Bitcoin’s downward trend and its placement in the demand zone will provide us with the opportunity to buy it again.
As long as Bitcoin is above the drawn trend line, we can think about buying transactions. The continued rise of Bitcoin will also lead to testing of selling transactions from the supply zone. It should be noted that there is a possibility of heavy fluctuations and shadows due to the movement of whales in the market and observing capital management in the cryptocurrency market will be more important. If the downward trend continues, we can buy within the demand range.
In recent days, Bitcoin’s price has experienced a significant decline, reaching its lowest level in several weeks. This price drop coincides with growing concerns about a potential economic recession in the U.S. and the impact of Donald Trump’s recent statements on financial markets. As a result, many investors have shifted towards safer assets.
Analysts believe that Trump’s remarks have intensified market volatility, leading to increased selling pressure across financial markets. Consequently, riskier assets like Bitcoin have also seen a decline in price.
Given the uncertainty in the market and doubts surrounding the future of the U.S. economy, experts predict that Bitcoin’s price fluctuations will persist. While some investors see this drop as a buying opportunity, the lack of clarity on upcoming economic policies has heightened overall risk.
On March 14, Bitcoin broke its long-standing 12-year ascending support trend against gold (XAU). A well-known analyst, NorthStar, has warned that if Bitcoin remains below this level for a week or more, it could signal the end of its 12-year bullish trend.
This breakdown occurred as spot gold prices surged by 12.80% since the beginning of the year, reaching a new record high above $3,000 per ounce. In contrast, Bitcoin—often referred to as “digital gold”—has fallen 11% so far in 2025.
Arthur Hayes, co-founder of BitMEX, who previously predicted that Bitcoin would drop below $80K, now believes its decline will likely bottom out around $70K.
Meanwhile, reports indicate that Russia is increasingly using cryptocurrencies in its oil trade, which is valued at $192 billion. Digital assets are facilitating the conversion of yuan and rupees into rubles, streamlining transactions.
According to sources, Russian oil companies have been utilizing Tether, Bitcoin, and Ethereum in their trades.While digital assets currently represent a small portion of the oil trade, their adoption is growing rapidly.
