As of March 13th, Bitcoin (BTC) is trading at approximately $83,247, reflecting a minor decline of $450 (-0.54%) for the day. Market psychology remains cautiously optimistic, although a degree of divergence persists. Recent data from the U.S. Consumer Price Index (CPI) for February revealed lower-than-expected inflation figures, redirecting investor attention towards U.S. tariff regulations and ongoing geopolitical discussions. These macroeconomic uncertainties have prompted a flight to safety among investors, impacting the cryptocurrency landscape. Nevertheless, Bitcoin continues to attract a portion of these safe-haven flows despite the overarching concerns posed by tariff implications and geopolitical tensions.
Analysts at Bitunix indicate that the immediate support level for BTC resides around $80,000, with resistance identified at $84,000. Investors are advised to navigate the current volatility with caution, maintaining vigilance over macroeconomic indicators and regulatory shifts. Implementing robust risk management strategies is crucial, and it may be prudent to consider accumulating Bitcoin during price retracements within the support zone rather than impulsively chasing market highs.