Will Bitcoin Dip to $78K? BlackRock’s $40M BTC Buy Raises Questions

Monicah W

Bitcoin Prediction For March 12

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As Bitcoin (BTC) and the overall crypto market continue to confuse investors and traders with massive price fluctuations, BlackRock, the world’s largest asset manager has garnered significant attention with its recent actions.

BlackRock’s $40 Million Worth BTC Purchase

Today, March 18, 2025, amidst another market price drop, the asset manager seized the opportunity and purchased $40 million worth of Bitcoin (BTC), as reported by the on-chain transactions tracker Arkham on X (formerly Twitter).

This significant purchase by BlackRock is giving investors and long-term holders hope and further hinting that this could be an ideal buying opportunity or the best time to accumulate BTC, as the asset’s price has significantly fallen in recent days.

Arkham’s post also noted that BlackRock is not the only one capitalizing on the recent price drop, Fidelity and ARK Invest, two other giant asset managers, are also following suit by purchasing significant amounts of BTC.

Current Price Momentum

Despite this positive development in the crypto landscape, the market remains unchanged. BTC is currently trading near $81,900 and has experienced a price drop of over 2% in the past 24 hours. However, during the same period, data shows a decline in investor and trader participation, as the asset’s trading volume has dropped by 8%.

Bitcoin (BTC) Technical Analysis and Upcoming Level

With the recent price drop, BTC has lost its crucial support from the inclined trendline it had maintained since March 11, 2025. Based on expert analysis and BTC’s price action, if the asset continues to trade below the $82,000 mark, there is a strong possibility it could drop by another 4.5%, reaching the $78,000 level in the near future.

Source: Trading View

This ongoing market uncertainty has pushed BTC below the 200 Exponential Moving Average (EMA), indicating that the asset is in a downtrend.

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Fartcoin (FARTCOIN) Hits 12-Week High With No Signs of Slowing

Solana-based meme coin FARTCOIN has emerged as the top-performing cryptocurrency in the market today, surging by 19% over the past 24 hours. 

It trades at its highest level since January 30, marking a 12-week peak. With buying activity still underway, the meme coin seeks to extend its rally in the short term. 

FARTCOIN Buyers Tighten Their Grip

On the FARTCOIN/USD daily chart, bullish momentum continues to build. The token’s positive Balance of Power (BoP) indicator reflects a strong dominance of buyers in the market. At press time, this is at 0.69.

FARTCOIN BoP.
FARTCOIN BoP. Source: TradingView

The BoP indicator measures the strength of buyers versus sellers in the market. When its value is positive, buyers are dominating and exerting more pressure than sellers.

Therefore, FARTCOIN’s rising positive BoP suggests increasing demand and the potential for continued upward price movement. 

Furthermore, the bars forming FARTCOIN’s Elder-Ray Index have steadily increased in size over the past few days, highlighting a consistent rise in bullish pressure. 

FARTCOIN Elder-Ray Index.
FARTCOIN Elder-Ray Index. Source: TradingView

The Elder-Ray Index measures the strength of buyers (bull power) and sellers (bear power) by comparing an asset’s high and low prices to its exponential moving average (EMA). When its value is positive, bull power is dominant. 

This growth suggests that FARTCOIN’s buyers are gaining greater control of the market, pushing prices higher with each passing session. 

FARTCOIN Eyes Breakout 

As of this writing, FARTCOIN trades at $1.06, just below the major resistance level of $1.16. If demand strengthens and the meme coin manages to flip this price level into a support floor, its rally would gain momentum, potentially pushing the price toward $1.46.

FARTCOIN Price Analysis.
FARTCOIN Price Analysis. Source: TradingView

On the other hand, if profit-taking begins, this bullish outlook could be invalidated. In that scenario, FARTCOIN’s value may dip as low as $0.74.

If the bulls are unable to defend this support level, FARTCOIN’s price could fall further to a low of $0.19.

The post Fartcoin (FARTCOIN) Hits 12-Week High With No Signs of Slowing appeared first on BeInCrypto.

Solana Price Performance Under Threat, “HYPE Flips SOL”, Says Top Expert

BitMEX co-founder and former CEO Arthur Hayes provided a bold price forecast for Hyperliquid’s HYPE token, revealing it could flip Solana’s price performance. He outlined his prediction on X, where he claimed his ‘degen’ target this bull season was for HYPE to flip SOL and become among the top ten largest cryptocurrencies by market capitalization. Solana Price Performance Faces Headwinds as Expert Eyes HYPE as Emerging Leader Solana (SOL) price performance could be flipped by Hyperliquid’s HYPE token if the SOL token fails to breach the $180 level, a critical resistance level that has been blocking it for the second consecutive week. Should this scenario unfold, Solana could drop to $140 – $150 level. A scenario that could make way for the HYPE token to outshine Solana by price performance. Particularly if the Hyperliquid token achieves Arthur Hayes’ projected target of $100. Hayes made two bold predictions regarding HYPE, the… Read More at Coingape.com

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XRP Price Forecast: Ripple Settles With SEC—Is $2 the New XRP Price Floor?

XRP Price Likely Bottomed: Can It Hit $15 Amid ETF Buzz?

XRP price is gaining momentum following Ripple’s SEC settlement, with bullish technical indicators pointing to a potential upward breakout.

Ripple Settles With SEC as Both Parties Agree to Pause Appeals

The U.S. Securities and Exchange Commission (SEC) and Ripple Labs have jointly agreed to pause their long-running legal appeal, marking a critical turn in the nearly four-year standoff.

According to newly unsealed court documents dated April 16 and shared by defense attorney James K. Filan, Circuit Judge José A. Cabranes granted the motion to temporarily suspend the appeal process.

The SEC is now mandated to file a status update within 60 days, effectively pressing pause on the courtroom drama.

The temporary suspension follows Ripple’s decision to pay a $50 million settlement, signaling a firm move toward regulatory closure. With this legal overhang potentially fading, XRP is poised for renewed institutional interest and broader integration into Ripple’s growing payment infrastructure.

XRP Price Forecast: Eyeing a Recovery Toward $2.25

XRP price forecast leans moderately bullish as the digital asset hovers near $2.08, with technical indicators hinting at a potential breakout. The Donchian Channel signals compression between support at $1.61 and resistance at $2.25, indicating a consolidation phase that often precedes directional moves.

Notably, Ripple price has recently closed above the midline of the Donchian Channel, suggesting growing buyer interest.

XRP price forecast
XRP price forecast

Momentum supports this narrative. The MACD histogram has flipped green with increasing bars, while the MACD line has crossed above the signal line, signaling a shift in short-term momentum toward the bulls. This crossover near the zero line often precedes more significant rallies, especially after prolonged bearish phases.

However, downside risks remain if XRP falls below the midline at $1.93. That would expose the lower bound of $1.61. A sustained close above $2.25 could confirm bullish continuation toward $2.40, marking a technical breakout with higher conviction. Until then, XRP trades in a tightening range with bullish bias.

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