Bitcoin Outperforms Global Assets Despite Market Correction

Despite experiencing a market correction coinciding with the two-month debt suspension period in the U.S., Bitcoin managed to outperform major global assets such as stocks, bonds, and precious metals.

Currently, Bitcoin is down 23% from its all-time high above $109,000 recorded on January 20th, the day of U.S. President Donald Trump’s inauguration.

Despite this recent decline, Bitcoin has still outperformed all major global market segments, including stocks, bonds, real estate, and precious metals, according to data shared by Thomas Fahrer, co-founder of Apollo Sats, and Bloomberg.

Fahrer stated in a March 18th post on X, “Despite the pullbacks, Bitcoin is outperforming every other asset post-election.”

Concerns about an early bear market have surfaced, but Bitcoin’s decline to $76,000 is still considered by Aurelie Barthere, Head Research Analyst at Nansen Crypto Intelligence platform, as “an organic correction in a bull market.”

The analyst commented, “We are still in a bull market correction: stocks and crypto are priced with tariff uncertainties and the period of fiscal cuts, with no Fed support. Recession fears are emerging.”

Bitcoin ETFs Show Positive Inflows for More Upside Momentum

U.S. spot Bitcoin exchange-traded funds (ETFs) are seeing positive daily net inflows, which could trigger more upward momentum for the world’s first cryptocurrency.

On March 17, U.S. Bitcoin ETFs recorded a total of over $274 million in net inflows, marking the highest day of investment since February 4, when Bitcoin was trading above $98,652, according to Sosovalue data.

ETF investments played a major role in Bitcoin’s 2024 rally, with new investment contributing approximately 75% of Bitcoin’s recovery to the $50,000 level on February 15.

While Bitcoin may experience further downside volatility due to concerns about a global trade war, Bitget CEO Gracy Chen believes there is little expectation for a significant drop below current levels.

Chen stated, “I don’t think BTC will fall below $70,000; perhaps to $73,000 – $78,000, which could be a good entry point for any buyer. In the next 1-2 years, reaching $200,000 for BTC is not as far-fetched as many may think.”

Other industry leaders are also optimistic about Bitcoin’s price trend for the remainder of 2025, with price predictions ranging from $160,000 to over $180,000.

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Bitcoin Technical Analysis

One of the standout developments during this decline was Bitcoin losing the $86,641 support. After breaking this critical level, Bitcoin performed a retest move, then dropped towards the next support level—the bullish Fair Value Gap (FVG) area. Bitcoin has now completely filled this FVG zone and appears to have found temporary support. As of today, Bitcoin has recovered by 4%, climbing back to around $81,000.

However, uncertainty remains high. The most critical support level for Bitcoin lies within the lower bullish FVG zone. Specifically, the $73,468 support is seen as a crucial threshold for the coming days. Previously, breaking above this zone had triggered a rally that took Bitcoin all the way to $100,000. As a result, this area will be closely watched by market participants.

If Bitcoin loses the $73,468 level, the next potential downside target could be around $65,000. This zone acted as a significant support level before the last major rally and could once again attract buyers. However, a drop to these levels could also trigger another wave of selling pressure in the market.

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Ethereum Update

Alongside Bitcoin’s sharp movements, Ethereum (ETH) also suffered significant losses. As highlighted in previous analyses, losing the $2,037 – $1,927 support range pushed the price down to $1,700. Currently, Ethereum is trading around $1,921, trying to reclaim the $1,927 support.

A successful reclaim of this support level could lead Ethereum back above $2,000 in the short term. The $2,108 resistance level is the next key hurdle. If Ethereum breaks above this resistance, it may set its sights on $2,500 once again.

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