March 17, 2025 by Bena Ilyas
Bitcoin price appears poised to end its multi-week correction, with analysts pointing to strong on-chain and technical indicators. A bullish divergence pattern suggests renewed upward momentum, with bulls aiming for a return above $100,000. Short sellers may face liquidation, further intensifying Bitcoin’s rally in the coming weeks.
Prices of Bitcoin have responded majorly to the displayed Regular Bullish Divergence pattern and this suggests that bears are weakening and that bulls can be coming to take even more control!
These patterns can signal major bullish reversals 👀…$BTC https://t.co/aR2BwrEwzd pic.twitter.com/KIUiwH9Vb1
Breaking $85K-$90K Could Accelerate Gains
On-chain analyst Javon Marks highlighted a optimistic technical setup for BTC, pointing to the formation of a bullish divergence pattern. Despite declining prices, Bitcoin’s Relative Strength Index (RSI) is making higher lows, indicating waning bearish pressure and growing bullish control over market direction.
Marks emphasized that BTC’s response to this pattern suggests that bears are weakening. Short sellers who have been holding bearish positions throughout the correction now face significant risk. Data from Coinglass reveals that a rise to $90,000 could trigger the liquidation of over $4 billion in short positions, fueling a massive short squeeze.

Bitcoin already experienced significant liquidations when it surpassed $80,000, causing additional market buy orders to push prices higher. Analysts believe that breaking the $85,000-$90,000 resistance zone could accelerate price gains due to forced closures of short positions.
BTC briefly surged past $85,000 on March 16, rebounding 11% from its weekly low of $76,000. This rally comes as traders deploy leveraged positions ahead of the upcoming U.S. Federal Reserve rate decision on March 19. Positive economic indicators, including the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) reports, have improved investor sentiment.
Bitcoin’s Path to $100K: Key Levels to Watch
Bitcoin previously reached an all-time high of $109,071 in January but entered a correction phase following President Trump’s inauguration. A 30% pullback saw BTC touch $76,000, influenced by geopolitical concerns and new U.S. trade tariffs. However, recent economic data has reassured investors, leading to renewed accumulation by BTC whales and institutional players.

Institutional investors are showing strong interest in BTC, with corporations actively adding BTC to their balance sheets. Recently, Cantor Fitzgerald began a BTC financing business, which is valued at $2 billion. In addition, Ark Invest also purchased 997 BTC this past week. All these activities show the increasing confidence in with BTC’s long-term potential.
Prices of BTC are bullish; however, the lack of strong support levels raised the question if it can sustain itself around 46K. A BTC whale has recently made a bet by placing a short position valued at $300 million. With the price standing at $84,040 and a 40x leverage, it allows for speculation that this position being driven to higher prices would liquidate this short position.

There remains a low buying momentum and the negative Bear/Bull Power being at -10,559 does show some sign of conviction within the bulls. Should BTC not surpass the $89,000 mark, a further downturn towards $76,000 can be expected. However, a close above the $89,000 mark could fuel a rally towards $97,000 and bring BTC a step closer to the milestone at $100,000.
Read More: Bitcoin’s $126K Target Fuels June 2024 Hype, But Can It Deliver?