$BTC

As of March 11, 2025, Bitcoin (BTC) is experiencing a bearish trend. The price has declined by approximately 12% over the past week, currently trading around $81,050. Analysts note that Bitcoin has broken key support levels, including the $80,474 mark, reinforcing expectations of continued bearish momentum. Additionally, the formation of a 'death cross' pattern, where the 50-day moving average crosses below the 200-day moving average, suggests further downside potential, with targets around $73,750. Some experts predict that Bitcoin could bottom near $70,000 before potentially rebounding, viewing such a correction as typical in a bull market.