- Bitcoin bid support remains steady at $70K despite market fluctuations.
- Bitcoin’s price struggles at $85K resistance despite strong buying flows.
- A 10% bid increase on Coinbase signals a potential breakout or pullback.
Amidst aggressive buying witnessed in Coinbase order flows, Bitcoin price action in March 2025 suffered massive depreciation. This past two-week buying spell can be counted as most intense since the ETF pump nearly 13 months ago.
Interestingly, these strong buy volumes are not having the expected effect on the Bitcoin price, and this fact disturbs some market analysts. Historical patterns suggest that aggressive buying of this nature produces significant price movement; thus far, the price of Bitcoin has not responded. The lack of price reaction to this strong buying signal might be something major to follow in the next few days.
Coinbase Order Flow and Buying Pressure
The chart analysis outlines that there is a large contrast in support coming in from the bids on Coinbase and how Bitcoin has been responding in price. According to the order book, the bid volume on Coinbase increased by 10%, which typically means buying pressure has returned or confidence has surfaced regarding the future performance of the BTC.
However, uncharacteristically, this buying pressure has not translated into immediate price movement. The price of Bitcoin is bumping just under $86,000 and has failed to break resistance above $85,000 with reports dated March 2025. This situation raises some questions about the sentiment within the market and if this resistance will eventually break.
One of the most interesting things about this chart is that bid support is holding strong going down to the $70,000 range. The strong support zone identified there means that without a strong catalyst, Bitcoin likely will not fall below that. Hence, this must be watched very closely by traders since a decline to this level may trigger huge buying pressure to spike Bitcoin upwards. Conversely, a failure to build momentum upwards may lead Bitcoin into a lengthy period of indecision, one that tests the $70,000 level several times.
What This Might Say About Bitcoin Price Action?
Well, the price action of Bitcoin seems to be in suspense, as the buying flows on Coinbase and the underlying bid support do not yet match the expected price reaction. This kind of scenario reminds several previous market cycles, where an increase in buying activity came before serious price moves. However, what stands out this time is the lag in price movement, and all analysts are rigorously tracking any available cracks hinting at a possible breakout.
The area between $85,000 and $87,000 would seem to be strong. For as long as Bitcoin stays in consolidation in this range, it would likely trigger a massive breakout above $90,000-or a pullback towards the $70,000 level.
The market is split here; some traders are anticipating a major price move to develop out of this consolidation, while others are trading against their expectations, arguing weakness due to an immediate lack of price response.
