Bitcoin Price Analysis of March 4, 2025: Bitcoin Dropped from $94,000 to $83,000, Is a Recovery Ahead?

Monday’s recovery attempt wasn’t enough to sustain momentum, as Bitcoin price analysis shows a renewed decline. BTC price today is struggling to hold key support levels, reflecting the market’s ongoing uncertainty. Despite brief bullish moves, selling pressure has pushed Bitcoin lower, signaling that bears still have control. With liquidity shifts and technical signals influencing price action, traders are now watching for the next potential support zone. Let’s have a Bitcoin price analysis of the past 24 hours of market movement and explore the Bitcoin price prediction for the next move.

Bitcoin Struggles as Bears Regain Control – Will Support Hold?

The trading day started with a bearish momentum as the price faced resistance at $94,117.40, triggering a sell-off. Shortly after, at 2:30 UTC, a golden cross signaled potential bullish strength, but buying pressure was weak. At 6:10 UTC, a death cross appeared on the MACD line, reinforcing bearish control. The selling pressure intensified when the RSI indicated oversold conditions at 6:55 UTC, pushing the price further downward. BTC remained trapped in a sideways trading range until 8:55 UTC, where it found support at $91,146.20. A golden cross at 9:20 UTC introduced a brief bullish trend, leading to an upward trading channel. 

Chart 1, Analyzed by ShwetaCW, published on TradingView, March 4, 2025

However, the momentum remained uncertain, and at 14:15 UTC, a death cross led to a sharp breakdown below support. The bearish push was confirmed by RSI oversold levels at 14:50 UTC. BTC struggled at support but briefly saw bullish attempts to regain lost ground. However, at 18:05 UTC, another death cross pushed BTC into a downward channel, intensifying selling pressure. RSI again signaled oversold conditions at 18:30 UTC, reinforcing bear dominance. The price remained weak, with another oversold RSI signal at 19:55 UTC. At 20:50 UTC, a golden cross on the MACD hinted at a reversal, but BTC failed to sustain bullish momentum, fluctuating within a moderate trading range and finding support at $85,132.26.

Bitcoin Drops to $82,447.68 Amid Bearish Pressure 

The trading day of March 4 started with a moderate trading range, reflecting market uncertainty. At 00:30 UTC, a death cross on the MACD line signaled a potential bearish shift, pushing the BTC price today into a downward channel. By 1:35 UTC, oversold conditions on the RSI led to a sharp drop, briefly breaking below the support level of $82,447.68 before buyers stepped in. A golden cross at 2:30 UTC hinted at a bullish reversal, allowing Bitcoin to recover slightly. The price then fluctuated within an upward trend, but the momentum remained weak, keeping traders cautious.

Bitcoin Struggles to Hold Support – What’s Next?

Bitcoin’s previous recovery brought it back to Monday’s starting point. However, the momentum did not hold. Over the last 24 hours, BTC price today has moved through multiple phases: a brief recovery, a breakdown, a downward channel, and another breakdown. The price now faces two possible scenarios. It could break above $85,132.26, the previous support level, and aim for $91,146.20. Or, if selling pressure increases, it may drop below $82,447.68, confirming further bearish control. Bitcoin price prediction suggests a critical test ahead as traders wait for the next decisive move