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Why Bitcoin Is Going Up? BTC Price Rises for the 3rd Session, Two Buy Signals on the Crypto Chart
- As of Thursday, March 6, 2025, Bitcoin price is at $91,264, marking a 6% rebound from its February low of $83,000 amid easing trade tensions and renewed institutional confidence.
- Bitcoin prices are rising for the third consecutive session, reaching $92,790, supported by positive momentum in the market that is also affecting altcoins like Ethereum, XRP, Solana, and Dogecoin.
- Current market dynamics show Bitcoin price at $91,264, with a weekly market cap increase of 5.9%, Fear & Greed Index at 25 (Extreme Fear), and DeFi Total Value Locked rebounding to $98B.
- Bitcoin's recent rebound is attributed to factors like tariff relief, institutional accumulation signals, technical re-entry patterns, and regulatory tailwinds, leading to a 10% recovery to $91,264 by March 6.
- Various Bitcoin price forecasts for 2025 vary from a bull case of $180,000–$250,000 by Fundstrat and Standard Chartered to a bear case of $70,000–$85,000 by BitMEX and Glassnode.
- Bitcoin's price action signifies its growth into a macro asset class, with institutional adoption, regulatory clarity, and macroeconomic factors contributing to its bullish outlook.
- Forecasts suggest Bitcoin could reach $200,000 in 2025 with strong demand and adoption, but conservative estimates place it between $120,000 and $150,000 by the end of the year.
- The recent price recovery is driven by factors like trade war easing, institutional buying, and technical indicators showing accumulation, with former President Donald Trump's tariff delay playing a significant role.
- If you had bought $1 of Bitcoin in March 2015 at around $250, it would now be worth $365 at the current price of $91,264, reflecting a significant increase of over 36,000%.
- Bitcoin's evolution from a niche asset to a recognized store of value has led to bullish price forecasts for 2025, combining institutional demand and regulatory support.
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