BTC Dips Below $84K While Bitcoin Whales Pounce – What Do They Know?

Bitcoin continued its downward trend for a fourth day, trading as low as $83,600 during the day. The decline affected not only crypto, but also Wall Street, which suffered a steep drop of 700 points in the Dow and 112 points in the S&P 500. Concerns are growing around inflation from February being higher than anticipated, with the core Personal Consumption Expenditures (PCE) that still remains at year-over-year 2.8% after a 0.4% increase. As inflation continues to create issues, the uncertainty of the crypto and traditional markets has increased.

Tariffs and Market Jitters

Bitcoin’s decline was not simply due to inflation. The BTC market trend was also negatively impacted by President Trump’s new “reciprocal tariffs,” which impose a 25% tax on foreign-built cars. This sudden development has caused trade worries again, adding yet another stressor to an already anxiety-ridden market. Moreover, “Liberation Day” is fast approaching on April 2, and the market is preparing for two other possible outbreaks, including medical tariffs that have been rumored. For now, traders are going into standby mode, preparing for further developments before making big moves.

Bitcoin Whales Are Still Buying

Even though Bitcoin is currently struggling, the BTC market trend suggests that some prominent players see this as an opportunity. Crypto analyst Cole Garner pointed out that Bitfinex’s BTC margin longs versus shorts just flashed a rare bullish signal that has historically led to 50% gains in 50 days. In other words, while retail traders panic, the Bitcoin whales might be loading up quietly. With all that, the big question is whether Bitcoin’s downtrend has more downward movement or whether a bounce is coming. Let’s take a more detailed look at the price charts.

Price Analysis and BTC Price Prediction

The trading session on March 28 opened with Bitcoin extending its four-day downward streak.A golden cross emerged at 00:40 UTC on the MACD, indicating the possibility of a price bounce. However, this minor jump was quickly followed by a death cross at 02:00 UTC, and a new bearish trend returned. Another death cross occurred at 04:30 UTC, affirming the downward trend.By 05:45 UTC, a golden cross emerged following an oversold signal from the RSI, offering temporary relief from further declines. Yet, selling pressure persisted. A subsequent golden cross at 08:35 UTC helped establish a temporary support zone at $85,000, providing a foothold for a minor price rebound.

Chart 1, Analyzed by Alokkp0608, published on March 29, 2025.

Bitcoin’s price climbed to around $85,550 before another death cross at 13:45 UTC sent it back on a downward trajectory. A critical support level was established at $83,530, in conjunction with the RSI signaling in oversold. The current level of support and resistance is at $83,530 and $85,840, respectively. While Bitcoin has found new support, bullish momentum has been low, with the price remaining relatively flat between $84,600 and $83,740. Now, at the start of a new trading day on March 29, Bitcoin continues to trade within a tight trading range, illustrating the uncertainty and caution in the market.

Bitcoin’s Next Move: Further Declines or a Trend Reversal?

Although accumulation by Bitcoin Whale is ramping up, Bitcoin’s price-trends are wavering, and general bullish price movement is still lacking. Currently, these price movements are being limited below $85,840 resistance, while overall support at $83,530 is still holding strong. Equity markets are restless right now because of inflationary jitters and ongoing geopolitical issues such as tariff talks, which investors are beginning to factor into their decisions. 

Almost all evidence from on-chain data suggests larger investors are positioning for a potential relief rally, however, there remains a risk that prices can once again volatility in the upward direction. Ideally, if Bitcoin can break through its resistance, there may be an upside; however, if Bitcoin is once again rejected, we may see prices leg down again. A change in risk appetite or renewed buying can spark upward momentum, but for now , we will keep watch on the price action over the coming days. The BTC price prediction indicates that traders should monitor confirmation from signals like MACD and RSI to ascertain the subsequent course of action.