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Bitcoin has once again made a strong comeback, reclaiming the $80,000 level after dipping to a four-month low. This recovery has brought fresh optimism among investors, but uncertainty still lingers as key U.S. CPI data is expected to come on March 12.
Bitcoin’s Recent Price Swing
Bitcoin slipped to around $76,800 just days ago, triggering concerns about a deeper sell-off. However, the cryptocurrency quickly rebounded and now holds steady above $82,000. Despite this, Bitcoin is still down 14% in 2025 and remains 26% below its all-time high.
One of the key reasons behind Bitcoin’s recent dip was the reaction to former U.S. President Donald Trump’s proposal for a national Bitcoin reserve. Initially, the announcement created excitement, but when no actual government purchases followed, investors felt let down.
Alongside this, broader economic concerns, including inflation fears, rising interest rates, and trade tensions, have also weighed on Bitcoin’s price. While the recent recovery shows strength, experts warn that volatility is far from over.
Strong RSI Seeing a Recovery
From a technical perspective, Bitcoin’s derivatives market is showing signs of stability. The annualized premium on Bitcoin futures remains at 4.5%, even after the sharp decline between March 2 and March 11.
This is a positive sign, as, during previous major crashes, this premium dropped to zero or even negative levels, signaling extreme panic.
Additionally, the Relative Strength Index (RSI), which measures price momentum, has risen from 30 to 40, suggesting that selling pressure is easing. However, for Bitcoin to confirm a strong recovery, the RSI must move above 50.
What’s Next for Bitcoin?
If Bitcoin continues its upward trend, analysts predict it could quickly move toward $90,000. However, the coming days will be crucial in determining whether this recovery is sustainable or if another dip is on the horizon.