Introduction
Bitcoin price jumped back up to $84,500 on Friday. This shows why listening to what everyone else says about the market isn’t always a good idea. Many traders panic and sell when prices go down. But history shows that markets often do the opposite of what most people expect.
Bitcoin Dropped to $78K – What Happened Next?
Earlier this week, BTC fell to $78,000. Many people online thought it would drop even lower. Social media was full of fear. This was just like what happened in February. Back then, people predicted BTC would fall more, but instead, it bounced back up in early March.
According to Santiment, a market research firm, when fear is high, BTC often rises. And when too many people think Bitcoin will keep going up forever, it usually drops.
Why Bitcoin’s Price Moves the Opposite Way
Markets are unpredictable. When everyone is scared and selling their BTC, it means there are fewer people left to sell. This can cause the price to go back up.
On the other hand, when too many people think BTC will hit new highs, they all rush to buy. But when there are no more buyers left, the price can fall suddenly.
Santiment noticed that:
- Predictions below $70,000 usually mean people are too scared, and Bitcoin might go up.
- Predictions above $100,000 often mean people are too confident, and Bitcoin might go down.
This is why following the crowd can be risky.
Technical Signals That Support Bitcoin’s Move
Some crypto experts also saw clues that BTC might go up.
- Rekt Capital, a popular analyst, pointed out that BTC was filling a price gap between $82,245 and $87,000.
This recent move from Bitcoin means that price is increasingly filling the CME Gap located between $82245 and ~$87000$BTC #Crypto #Bitcoin https://t.co/qpHzlYaNkL pic.twitter.com/xq3cBVHqOF
— Rekt Capital (@rektcapital) March 14, 2025
- He also said that if BTC closes the day above a key level, it might keep rising.
- Another analyst, Merlijn The Trader, noticed BTC was getting close to a “golden cross”.
BITCOIN GOLDEN CROSS
Every time this signal flashed:
2016: +139%
2017: +2200%
2020: +1190%Now, it’s happening AGAIN in 2025.
How high will $BTC go this time? pic.twitter.com/wAwAg7J059
— Merlijn The Trader (@MerlijnTrader) March 14, 2025
A golden cross happens when the 50-day moving average (a short-term trend) goes above the 200-day moving average (a long-term trend).
This has happened before big Bitcoin rallies:
- 139% rise in 2016
- 2,200% surge in 2017
- 1,190% increase in 2020
This means BTC could go even higher if history repeats itself.
What’s Next for Bitcoin?
Right now, BTC is trading at $84,145. That’s still down 22.7% from its all-time high of $108,786. But the market looks stronger than before. The recent price movement could mean Bitcoin is ready to go higher. However, traders should be careful. When too many people expect Bitcoin to rise quickly, there’s always a chance for another drop.
Instead of following the crowd, smart traders watch for key signs and make their own decisions.
Final Thoughts
BTC’s recent price jump shows why market predictions aren’t always right. Many people thought it would drop lower, but instead, it bounced back.
Experts believe BTC has strong technical signals that could lead to another big move up. However, traders should stay cautious and not follow hype.
If history repeats itself, BTC might keep climbing. But the market is always full of surprises.
