Blockchain Monster Hunt USD Price & Performance (BCMCUSD)

Bitcoin has seen continued struggles, dropping to $83,700 on March 12 after a recent low of $76,600. Weak demand, reflected in ETF outflows exceeding $1.5 billion in two weeks, and bearish technical patterns hint at a potential drop to $68,400. Analysts warn of further downside unless key support holds.123

Bitcoin rebounded 4% to $81,000 on March 11 after hitting $76,600, its lowest since November. The recovery comes amid extreme fear in markets, with volatility and bearish sentiment still dominating. Analysts caution that the rebound may not signal a sustained recovery, with macroeconomic pressures remaining strong.43

The U.S. establishment of a bitcoin reserve has not provided the expected boost to the crypto market. Bitcoin briefly touched $90,000 but fell back amid inflationary concerns and tariff disputes. Analysts warn of potential declines toward $70,000 if the cryptocurrency fails to hold critical levels.567