While Bitcoin (BTC) and the total crypto market investors and traders continue to confuse with massive price fluctuations, BlackRock, the world’s largest asset manager, has attracted considerable attention with his recent actions.
BlackRock’s $ 40 million worth BTC -ACCEPT
Today, March 18, 2025, amid a different fall in the market price, the asset manager seized the opportunity and bought $ 40 million from Bitcoin (BTC), as reported by the On-Chain transactions Tracker Arkham on X (formerly Twitter).
This important purchase by BlackRock gives investors and holders in the long term hope and further hinted that this can be an ideal buying option or the best time to collect BTC, because the price of the asset has fallen considerably in recent days.
The function of Arkham also noted that BlackRock is not the only one who in the recent price decline, Fidelity and Ark Invest, two other gigantic assets managers, also follow by buying significant amounts of BTC.
Current price momentum
Despite this positive development in the crypto landscape, the market remains unchanged. BTC is currently being traded near $ 81,900 and has experienced a price fall of more than 2% in the last 24 hours. In the same period, however, data shows a decrease in the participation of investors and trader, because the trade volume of the active has fallen by 8%.
Bitcoin (BTC) Technical analysis and the coming level
With the recent price fall, BTC has lost its crucial support of the sloping trendline that had maintained it since 11 March 2025. Based on the expert analysis and the price action of BTC, if the assets continues to act below $ 82,000, there is a strong possibility that it could fall by another 4.5%, with a level of $ 78,000 in the near future.
BTC has pushed this continuous market insecurity under the 200 exponential advancing average (EMA), indicating that it is active in a downtrend.
