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news-imageMarch 16, 2025

Bitcoin experiencing “shakeout” not end of 4-year cycle: analysts

Bitcoin's historic bull cycle is still intact, despite widespread investor fear over the current correction, which may only be a temporary “shakeout” ahead of the next leg up, according to crypto market analysts.Bitcoin's (BTC) price is currently down 22% from its all-time high of over $109,000 recorded on Jan. 20, on the day of US President Donald Trump's inauguration, Cointelegraph Markets Pro data shows. Despite investor sentiment dropping into “Extreme Fear” multiple times, historic chart patterns suggest that this may just be a price shakeout — a sudden price drop caused by multiple investors exiting their positions, preceded by a sudden price recovery.
Publisher: Cointelegraph
Sentiment: Positive
BTC

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Lara Lea Trump devotes latest episode of Fox News' My View to Bitcoin

Fox News' My View took a sharp turn into Bitcoin territory in its latest episode on Saturday night. Lara Lea Trump dedicated an entire episode to the future of digital assets, featuring none other than Strategy's chairman Michael Saylor, President Donald Trump, White House Crypto Czar David Sacks, and Treasury Secretary Scott Bessent.

Positive
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Michael Saylor Calls Bitcoin an "Orange Dwarf" as BTC Eyes Volatility Ahead of Fed Meeting

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Negative
cover-imageCointelegraph
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Bank of Korea to take ‘cautious approach' to Bitcoin reserve

The Bank of Korea says it is taking a “cautious approach” to potentially including Bitcoin as a foreign exchange reserve.Officials from the Korean central bank said in a March 16 response to a written inquiry that they have not looked into a potential Bitcoin (BTC) reserve, citing high volatility. Responding to a question from Representative Cha Gyu-geun of the National Assembly's Planning and Finance Committee, central bankers said that they have “neither discussed nor reviewed the possible inclusion of Bitcoin in foreign exchange reserves, adding that “a cautious approach is needed,” according to the Korea Herald.

Neutral
cover-imageUToday
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Bitcoin (BTC) Must Break This to Reach $100,000, Dogecoin (DOGE) Coming Closer to Bull Market, Solana (SOL) Death Cross Complications

At this crucial point, a significant resistance level will probably dictate the next significant move for Bitcoin. The 200-day Exponential Moving Average (EMA), which has served as both support and resistance in past cycles, is a major obstacle for Bitcoin, which is currently trading close to $84,000.

Neutral
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Burning quantum-vulnerable BTC is the best option — Jameson Lopp

Jameson Lopp, the chief security officer at Bitcoin (BTC) custody company Casa, recently argued against allowing quantum recovery of lost BTC and said that burning these coins to protect the integrity of the protocol was the preferable option.According to Lopp, allowing individuals or institutions with quantum computers to recover lost coins violates the Bitcoin network's properties of censorship resistance, transaction immutability, and conservatism. In a March 16 article, the crypto executive wrote that allowing quantum recovery is not good for anyone.

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