pumpBTC USD Price & Performance (PUMPBTCUSD)

Bitcoin's price climbed above $82,000 on March 12, marking a 5% gain within 24 hours. This rally follows bullish divergence patterns observed across multiple time frames, signaling a potential trend reversal. Analysts suggest Bitcoin could target $89,000 if it breaks critical resistance levels, but downside risks remain near $78,500.12

Bitcoin's price faces pressure as the EU's retaliatory tariffs on US goods deepen market uncertainty. Analysts predict a potential drop below the $75,000 support level. This comes amid broader macroeconomic concerns, with some experts suggesting a temporary retracement before a possible recovery in the ongoing bull market cycle.2

Bitcoin recovered 4% on March 11, rising above $81,000 after touching $76,600. This rebound comes as markets show signs of extreme fear, with analysts debating the likelihood of a short squeeze. Despite the recovery, some experts remain cautious about Bitcoin's ability to retest all-time highs.34