This is a news story, published by CoinGape, that relates primarily to Keltner Channel news.
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current Bitcoin pricesCoinGape
•Business
Business & Economics
76% Informative
Bitcoin price tumbled to $ 82,220 on Sunday, March 9 , marking an 15% decline from last week’s $ 95,000 peak.
Retail traders are exiting risk assets amid tariff-induced inflation, while miners accumulated $900M in BTC over 14 days .
Miners’ accumulation hints at confidence in future upside, preventing excess supply from entering market despite negative short-term sentiment.
Bitcoin price forecast remains bearish as technical indicators suggest increasing downside pressure, with a potential below $ 80 K before the next major move.
Volume data suggests sellers are dominating, with the latest leg of the downtrend marked by 123.68 K BTC in trade volume.
A bullish scenario would require BTC to reclaim $ 87,678 and break above the upper Keltner Channel boundary at $ 94,901 .
A breach below this level could accelerate BTC ’s decline toward the next psychological support at $ 78,000 .
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