Bitcoin may face a challenging path towards $94,000 after failing to break through that level recently, as noted by analysts from Bitfinex.

In their March 2025 market update, the researchers observed that any recovery towards $94,000 is likely to encounter “significant resistance.” This caution follows Bitcoin’s drop below the $94,000 mark on March 2, 2025, and since then, BTC has struggled to make a notable recovery.

The analysts linked their predictions to increased volatility stemming from US President Donald Trump’s announcement to create a crypto reserve, which initially caused Bitcoin to surge 12% from $85,000 to $95,000.

Bitcoin’s Momentum Reversed Amid Strong Selling Pressure

However, this positivity was quickly undermined by strong selling activities in the spot markets, which effectively erased most gains, keeping Bitcoin around $87,190 based on CoinMarketCap data.

An 8% increase is now necessary to return to the $94,000 range, but market sentiment remains uncertain with observers divided between believing this dip is part of a continuing downtrend or the beginning of an upward shift.

On March 4, 2025, trader Rekt Capital, noted on social media, “history suggests the bottom may very well be in, but more downside is still plausible.” He raised concerns that even if Bitcoin stabilizes at around $93,500 in the short term, it may face further declines.

“Bitcoin demonstrated an impressive technical maneuver to show such a significant downside deviation while still closing weekly within its ReAccumulation range.” — Rekt Capital, March 3, 2025

Furthermore, analyst Axel Adler emphasized that seeing buyers act when Bitcoin briefly reached $81,000 is a promising sign. On the other hand, Michaël van de Poppe, founder of MN Trading, warned that pivotal macroeconomic data is likely to impact Bitcoin’s movement. He particularly highlighted the US Consumer Price Index (CPI) report set to release on March 12.

The Federal Reserve’s upcoming decision on interest rates, scheduled for March 19, is also expected to significantly shape market sentiment.

“Bitcoin was rejected at the $95K resistance and returned to fluctuating. All liquidity on both sides has been exhausted.” — Michaël van de Poppe, March 4, 2025

Volatility Will Persist Until Genuine Buyers Enter Market

Kyle Chasse, head of Master Ventures, noted that the current volatility is likely to persist until “genuine buyers” enter the market instead of short-term traders seeking arbitrage opportunities.

Analysts at Time To Trade indicated that if Bitcoin can maintain its position above $86,700 and trading volume increases, the next wave of demand could propel BTC towards the $90,000 threshold. A decisive break above this psychologically significant level could ignite further interest, allowing markets to test the $92,000 barrier if enough buying momentum gathers around $90K.

Amid ongoing investor apprehension, the Crypto Fear & Greed Index is currently at 20, firmly situated in the “Extreme Fear” territory that it has remained in since late February.

Key Takeaways

• Bitcoin is facing formidable resistance near $94,000, and analysts foresee a challenging ascent ahead.
• Market volatility is expected to continue, influenced by significant macroeconomic events and investor mood.
• There is a need for serious buyers, not short-term traders, to help stabilize the market and facilitate Bitcoin’s recovery.