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Bitcoin is currently experiencing a period of uncertainty, stuck below the $85,000 mark, a major resistance level. Since March 12, the cryptocurrency has made several attempts to sustainably break through this level, but it has never managed to close above $84,600. This situation reflects a direct battle between buyers and sellers, particularly visible on short-term charts where price movements have become erratic and unpredictable.

For those looking for an attractive entry point directly on the 30-week moving average—which has acted as support for the current bull market that began in January 2023—this could be the long-awaited opportunity. Our experience has shown that individual investors often find it challenging to take advantage of opportunities following a decline. However, history teaches us that buying after such pullbacks is the best way to maximize long-term returns, provided one remains bullish on the asset class.

It was a highly volatile week in the cryptocurrency market. After the support that had held for the past few weeks was broken, the price dropped below the $80,000 mark. However, an announcement on Sunday about a federal strategic cryptocurrency reserve in the United States pushed the price back up to nearly $96,000. This momentum was short-lived, though.

The cryptocurrency market has experienced a significant correction, with Bitcoin dropping 6% in 24 hours to reach $89,350 at the time of writing. Its price briefly touched a yearly low below $88,000.

Inflation in the United States was stronger than expected in January, reaching 3% year-on-year, according to the Bureau of Labor Statistics. This increase caused a slight decline in Bitcoin’s price compared to seven days ago. Economists had expected inflation to be at 2.9%, and this surprise led markets to reconsider the possibility of short-term Federal Reserve (Fed) rate cuts.

After significant volatility last week following the announcement of U.S. tariffs on Canadian and Mexican imports, Bitcoin’s price has stabilized in a tightening consolidation channel in recent days.

Before his U-turn, the new tariff measures imposed by Donald Trump on the United States’ main trading partners, notably Canada, Mexico, and China, sent shockwaves through financial markets. These additional tariffs—25% for Canada and Mexico and 10% for China—triggered a sharp decline in stock markets and cryptocurrencies.

After a positive week, the announcement of the DeepSeek R1 artificial intelligence model, developed by a Chinese startup, shook the tech sector and impacted the cryptocurrency market on Monday.