According to the latest market data, Bitcoin (BTC) has indeed fallen to around $85,000 today (March 28, 2025). The price has dropped by about 2.5% in the past 24 hours and is currently hovering around $85,000.

Current situation analysis:
Price Dynamics
Bitcoin has today fallen below the support level of $86,000, reaching a low of around $84,900. This wave of decline is highly related to the uncertainty in the global market, especially after U.S. President Trump recently announced a 25% tariff on cars and auto parts starting April 2 and plans to impose reciprocal tariffs on trading partners, leading to increased concerns over a global trade war.
Market sentiment
The current panic in the crypto market is intensifying. The Crypto Fear and Greed Index may be approaching a low point (similar to the "extreme fear" state mentioned in recent reports), indicating that investor confidence is shaken. Bitcoin is experiencing persistent selling pressure in the $88,000-$87,000 range, and short-term upward momentum has clearly weakened.
Technical Analysis
From a technical perspective, Bitcoin has fallen below the key weekly support of $86,000. If it cannot recover quickly, it may further test the support range of $84,000 to $82,000. If it falls below $84,000, it could indicate a deeper correction, potentially looking towards the vicinity of $80,000. The RSI indicator may be close to oversold, but no clear reversal signal has yet appeared.
External driving factors
Macroeconomics: The uncertainty of Trump's tariff policy has put pressure on risk assets as a whole, with the U.S. stock market (such as the S&P 500) also experiencing a decline. The short-term correlation between Bitcoin and traditional markets (around 0.88) has intensified the fall.
Inside the crypto market: Recent outflows of Bitcoin spot ETF are significant (for example, March data may show hundreds of millions of dollars in net outflows), coupled with shrinking trading volumes, indicating weakened institutional demand.
Competition and Diversion: The weakness of Ethereum and other assets has also indirectly affected Bitcoin's performance.
Short-term outlook:
Bearish scenario: If BTC cannot hold above $85,000, it may drop to $84,000 or even $82,000. If the monthly close is below $84,300, it could trigger a larger sell-off.
Bullish scenario: If the market reacts calmly to the tariff news, or if there is an unexpected positive (such as a shift in policy expectations), BTC may rebound to the 87000-88000 USD resistance zone, but currently, the bullish momentum is insufficient.
Suggestion:
The current market is highly volatile, and it is recommended to wait and see the support performance of $85,000. If you are a short-term trader, you can look for low-buy opportunities in the range of $84,000-$85,000, or consider taking profit when it rebounds to near $87,000; For long-term holders, this price is still a reasonable pullback in the all-time high range, patiently waiting for clearer trend signals.
#BTC