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Will Bitcoin price reclaim $95K before the end of March?

cryptoweekly by cryptoweekly
March 13, 2025
in Altcoins, News
0

A favorable CPI print puts Bitcoin on track to liquidate $300 million in short positions, which might fuel a 12% rally over the next two weeks.

Bitcoin’s price was up 3% after constant drawdowns since the end of January. The top cryptocurrency managed to rebound above $80,000 after a brief decline below the range on March 11.

Bitcoin weekly chart. Source: Cointelegraph/TradingView

After the US core Consumer Price Index (CPI) came in lower than expected at 3.1% on March 12, Bitcoin’s market structure now sees the possibility of a quick bullish turnaround.

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Recent Posts
  • BlackRock iShares Bitcoin ETF surpasses 700K Bitcoin
  • Bots behind most tokens on Pump.fun and LetsBonk: Coinbase exec
  • Bitcoin miner BitFuFu mines 445 BTC for its biggest production month
  • SEC acknowledges Trump’s Truth Social Bitcoin and Ethereum ETF
  • Vitalik Buterin advocates ‘copyleft’ licensing in crypto
  • Coinbase crypto lobby urges Congress to back major crypto bill
  • Gate.io deletes page showing a $600M Pump.fun token sale

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