The post Bitcoin Price Prediction For March 21 appeared first on Coinpedia Fintech News After teasing a possible shift to bullish sentiment in the past three days, Bitcoin’s (BTC) price has dropped around 3 percent in the last 24 hours to trade at about $83,875 on Friday, March 21 during the mid-London session. The flagship coin was rejected at a falling logarithmic trend in the daily time frame signaling further bearish sentiment in the near term. Since March 10, Bitcoin price has been forming a bearish continuation pattern. Moreover, BTC price has already confirmed a macro reversal pattern after rebounding from a neckline of a double-top, which was coupled with a bearish divergence of the Relative Strength Index (RSI). In the near term, Bitcoin price will likely drop another 10 percent to retest the support level around $78k. If the Bitcoin buyers fail to defend the $78k support level, further selloff towards $74k will be imminent. The short-term bearish sentiment will be invalidated if Bitcoin price consistently closes above the daily logarithmic falling trend line. Bitcoin Whales Focused on Long-Term Growth According to on-chain data analysis, whale investors have been accumulating more Bitcoins in the past few days regardless of the short-term bearish outlook. As Coinpedia reported , BlackRock’s IBIT has led other spot BTC ETF issuers in renewed cash inflows during the past few days. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Crypto Market Today (21st March 2025): Bitcoin Volatility Hits 6-Month High! , On Thursday, the U.S. spot BTC ETF issuers recorded a net cash inflow of about $165 million, whereby the majority came from IBIT of about $172 million. Bitwise BITB recorded a net cash outflow of about $17 million. Nonetheless, the U.S. spot Bitcoin ETFs are about to end the largest losing streak of five weeks if today’s flow ends positively. 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Bitcoin’s price decline is driven by technical factors like a bearish continuation pattern and a confirmed macro reversal, along with market sell-offs How high can Bitcoin go in 2025? As per Coinpedia’s BTC price prediction, 1 BTC could peak at $169,046 this year if the bullish sentiment sustains. How much will 1 Bitcoin be worth in 2030? With increased adoption, the price of 1 Bitcoin could reach a height of $610,646 in 2030.
