Bitcoin’s Struggle to Hold Momentum
Bitcoin’s recent bounce to $85,000 on Feb. 28 had traders hopeful that a bottom was in, but those hopes may now be in jeopardy as BTC struggles to secure a higher high on the daily close.
According to data from TRDR.io, Bitcoin saw strong spot buying activity on Coinbase when its price dropped to a 2025 low of $78,300. However, the key question remains: can bulls generate enough buying pressure to sustain momentum?
Traders Expect a Sideways Market
Crypto trader Magus believes BTC is likely to establish a trading range between $72,000 and $85,000 over the coming weeks. Sharing a chart on X, he noted:
“Expecting BTC to build a range like this now.”
Adding to the uncertainty, trader Horse suggested that Bitcoin’s weekend performance could trend downward, driven by market reactions to former President Donald Trump’s comments. He explained:
“I’m guessing BTC returns over the weekends will continue to go more negative than they already are, as TradFi uses it to hedge for anything Trump says before Sunday futures open.”
A 30% Correction? Business as Usual for Bitcoin
While many traders anticipate choppy price action in the near term, history suggests that Bitcoin’s recent 29% drawdown from its $110,000 all-time high is not unusual. As crypto analyst Intern pointed out, 30% corrections are a common feature of Bitcoin bull markets—often presenting some of the best buying opportunities.
With BTC’s historical resilience in mind, will this correction prove to be just another bump on the road to new highs?
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