Bitcoin Rebounds Above $85,000 Amid Weak Market Demand
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Bitcoin (BTC) has recovered significantly, recovering its $85,000 level after a 4.3% increase in the past 24 hours. This rebound has sparked optimism among investors, who are now looking for signs of further momentum in the market.
However, Bitcoin shows Potential upward trend,The data on the chain shows that market demand remains weak, which may affect the sustainability of the gathering.
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Bitcoin demand has fallen despite price recovery
Crypto analyst Darkfost’s recent on-chain analysis has reveal The Bitcoin demand is currently at its weakest level of the year. His research highlights a key supply-to-relief ratio, indicating a steady decline in Bitcoin accumulation since December 2024.
This lack of demand, coupled with ongoing economic and political uncertainty, may indicate that investors should be cautious before making greater commitments.
According to DarkFost’s analysis, Bitcoin demand is measured by comparing new supplies Enter the market The supply has been going on for more than a year. When this ratio is below zero, this indicates that there is less BTC actively accumulated, which may indicate a shift in demand.
The weakest bitcoin demand of the year
Demand has been weakening since December and has continued to decline over time. This shows that investors are becoming increasingly cautious and may be turning to less risky assets. ” – go through @darkfost_coc
Read more 👇https://t.co/0aw9cefhpe pic.twitter.com/NRQS1K6T3G
– cryptoquant.com (@cryptoquant_com) March 14, 2025
His findings suggest that investors’ interest in Bitcoin has been waning for months despite short-term price movements.
The decline in demand is consistent with wider economic uncertainty and geopolitical tensions. Investors seem to be heading Less volatile assetsDarkfost reveals that this could explain the gradual slowdown in Bitcoin accumulation rate.
While this does not necessarily mark a bearish outlook, it does indicate that market conditions are still fragile and Bitcoin’s price action may be highly responsive to youpcoming economic events.
Key Levels and BTC Forecasts
Despite concerns about weak demand, analysts remain optimistic about Bitcoin’s long-term trajectory. Javon Marks is a widely-watched crypto analyst who already has shared Bitcoin’s price target is over $500,000.
This model confirmation of Bitcoin suggests to prepare for all time highs, because despite the callback, the intensity is still fundamental!
A large +36% recovery, pre-collected and based on previous settings, continuation can be huge.$ btc https://t.co/rrlh2qhmpk pic.twitter.com/1bj1t8ijhg
– javon⚡️marks (@javontm1) March 13, 2025
He noted that the historical price structure shows the possibility of a major bull stage, which suggests that BTC may be approaching its The strongest bullish period However. In addition, another analyst Ali highlighted Bitcoin’s recent upward triangle formation, a pattern that usually marks a breakthrough opportunity.
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In his analysis, Ali Famous If BTC is to surpass the $84,000 resistance level, a 9% price increase could occur. As of now, BTC has exceeded this critical level, increasing the possibility of extended gatherings if the buying pressure continues.
Feature images created with DALL-E, charts for TradingView
