Bitcoin Soars to $86,000 Today (March 20, 2025) – Analysts Say the Bull Run Is Just Beginning!

Jakarta, Pintu News – Amid the debate over whether Bitcoin BTC->Current BTC PriceRp 0Market Cap-Trading Volume-Circulating Supply- has peaked at Rp1.8 billion ($109,000), renowned market analyst Sam Price has revealed that several macro indicators suggest that the bull cycle is still ongoing.

In his post on X (formerly Twitter), Price emphasized that Bitcoin is currently closer to the bottom than the top.

He said that investors who are not taking advantage of the latest price correction to accumulate BTC are “not using clear logic.”

This statement comes after CryptoQuant CEO, Ki Young Ju, boldly stated that the bull market is over. However, Price believes that technical data shows otherwise.

Then, how will the Bitcoin price move today?

Bitcoin Price Up 3.49% in 24 Hours

Read also: 3 Base Ecosystem Coin Memes that Experienced a High Spike Ahead of Eid 2025

As of March 20, 2025, Bitcoin (BTC) has surged to $86,051 (approximately IDR 1,419,885,994), marking a 3.49% increase in the past 24 hours. Within this timeframe, BTC fluctuated between a low of IDR 1,369,154,274 and a peak of IDR 1,442,713,455, showcasing strong momentum in the market.

According to CoinMarketCap, Bitcoin’s market capitalization has now risen to $1.7 trillion, with trading volume in the last 24 hours also rising 50% to $37.05 billion.

Analysts Highlight Bitcoin’s Bullish Indicators

One analyst highlighted the first indicator, the Pi Cycle Indicator, a tool developed by Phillip Swift and proven to be accurate in predicting historical Bitcoin price peaks.

This indicator gives a peak signal when the 111-day moving average crosses the 350-day moving average x2 (350DMA x2).

The chart accompanying this analysis shows that the two moving averages are still far from the point of intersection, so analysts are of the opinion that Bitcoin is closer to a bottom than a peak.

Moreover, the analyst also explained that Bitcoin’s recent price drop correlates with a macro higher-low pattern, which is usually followed by a strong recovery towards new highs.

However, the professional analyst warns that if Bitcoin price closes between $58,000 to $56,000 on the weekly chart, then this macro trend could be considered invalid.

Read also: Big Victory in the Crypto Market: SEC Lawsuit against Ripple Ends, XRP is Not a Security!

Hidden Bullish Divergence Indicates Continuation of Uptrend

In addition, the analyst also highlighted the presence of a hidden bullish divergence on the asset’s weekly chart, which is a strong signal that the upward trend will continue.

Technically, this indicator is characterized by a higher low forming on the price chart, while the oscillator shows a lower low pattern.

The price chart shows that while Bitcoin corrected more than 23% from its high on January 20, the relative strength index (RSI) indicator printed a lower low.

In addition, the chances of recovery are getting stronger as the Stochastic RSI is in an oversold condition, and Bitcoin’s price trend is approaching the Golden Pocket at the 1,618 Fibonacci level.

RSI and FGI Indicate Impending Recovery

Meanwhile, the analyst also identified another bullish indicator, the daily RSI. He revealed that this indicator reached a level of 23 on March 11, a low that has only occurred twice in recent years.

Whenever the RSI drops to oversold levels like this, Bitcoin usually hits a macro low before experiencing a significant recovery.

Read also: MicroStrategy Prepares Another $500 Million to Buy Bitcoin!

For example, Bitcoin’s RSI dropped to 23 on November 10, 2022, when Bitcoin’s price plummeted to $15,854.

Then, it hit the same number again on September 7, 2023, when the price was around $25,639. These two events marked the lowest point of the price before Bitcoin surged to new highs.

In addition, the analyst also cited Bitcoin’s Fear and Greed Index (FGI) drop to level 10 on February 27, which indicates a potential price bottom. He emphasized that this combination of indicators is a strong signal for investors to apply the Dollar-Cost Averaging (DCA) strategy in Bitcoin accumulation.

That’s the latest information about crypto news today. Get more information about crypto academy from beginner to expert level only at Pintu Academy and enrich your knowledge about the world of crypto and blockchain.

Follow us on Google News to get the latest information about crypto and blockchain technology. Enjoy an easy and secure crypto trading experience by downloading Pintu Crypto via Google Play Store or App Store now.

Experience web trading with advanced trading tools such as pro charting, various order types, and portfolio tracker only at Pintu Pro. Click Register Pintu if you don’t have an account or click Login Pintu if you are already registered.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• The Crypto Basic. Expert Shares 5 Key Indicators Suggesting Bitcoin Bull Cycle Is Still On. Accessed on March 20, 2025