Cryptocurrency bulls are back in full force. Bitcoin smashed through the $95,000 barrier on March 3, 2025, hitting $95,043 before settling back to $91,821.69. That’s still up nearly 7% in 24 hours. Not too shabby for a weekend.
Trump’s big mouth struck again—this time in crypto’s favor. The President’s announcement of a strategic crypto reserve sent markets into overdrive. His continued support for Bitcoin, Ethereum, XRP, Solana, and Cardano clearly resonated with investors. Weekend liquidity being what it is (thin), the buying pressure amplified market moves dramatically.
The technical picture looks promising. Bitcoin faces resistance at $93,500, but if it breaks above that level, $100,000 isn’t just a pipe dream anymore. The RSI sitting at 62.77 confirms bullish momentum. The moving averages agree. The widespread market optimism indicates we’re firmly in bull market territory. Good news all around, if you’re long.
The crypto community is practically giddy. After February’s brutal 30% nosedive from January’s $109,000 all-time high, this recovery feels like sweet vindication. Some analysts are calling the recent pullback a whale accumulation opportunity. Sure, why not.
Bitcoin’s market cap now stands at a whopping $1.82 trillion, up 7% in a day. Trading volume exploded 209.38% to $72.97 billion. People are clearly trading the hell out of this move. Earlier in the trading day, a significant golden cross on MACD appeared at 4:40 UTC, signaling the strong upward momentum we’re seeing now.
Looking ahead, the rose-colored glasses are firmly on. Predictions suggest Bitcoin could hit between $116,432 and $123,945 by the end of March, with an average around $120,189. That’s a potential 43.9% ROI. April looks slightly less bullish at $99,676.97.
The broader crypto market is along for the ride. Total market cap reached $3.01 trillion, with Bitcoin’s dominance inching up to 46.4%. With 19.83 million BTC in circulation out of the maximum 21 million, scarcity remains a key factor.
Will we see $100K soon? The charts say maybe. The market says probably. Trump says definitely. Take your pick.
