The recent surge of Bitcoin to $85,000 on February 28 led traders to believe that a market bottom might be forming, but this optimism could be at risk as BTC (BTC) finds it challenging to establish a higher high in its daily candlestick close.
According to data from TRDR.io, Bitcoin attracted considerable spot demand on Coinbase as its price dipped to a low of $78,300 in 2025. However, it remains uncertain whether bulls can generate enough buying power to maintain their current momentum.
Crypto trader Magus indicated that Bitcoin’s most probable trajectory involves establishing a trading range between $72,000 and $85,000 over the forthcoming weeks.
In a post shared on X, Magus presented the following chart and remarked,
“Anticipating BTC to create a range like this now.”
In addition to the lack of strong spot demand, trader Horse commented that Bitcoin’s returns over the weekend might decrease due to traders’ reactions to remarks made by President Trump during this period.
“I suspect BTC returns over the weekends will continue to trend more negatively, as traditional finance uses it to hedge against any statements Trump makes before Sunday futures open.”
While traders largely expect fluctuating price movements for Bitcoin in the near future, the 29% drop from its all-time high of $110,000 is not unusual for BTC. Crypto trader ‘intern’ highlighted that corrections of 30% are commonplace during Bitcoin bull markets, historically presenting excellent buying opportunities.
This article does not offer investment advice or recommendations. Every investment and trading decision carries risks, and readers should perform their own research when deciding.
