Bitcoin (BTC) registered a daily and weekly close at $80,688 on March 9, the lowest close since Nov. 11, 2024.
Bitcoin also dropped below its key 200-day exponential moving average (200-D EMA) for the second time in two weeks, indicating further high time frame (HTF) weakness in the charts.
Bitcoin 1-day chart. Source: Cointelegraph/TradingView
While the Crypto Fear & Greed Index continues to show “extreme fear” on March 10, one BTC market simulation still highlights bullish projections for the latter half of 2025.
Monte Carlo model signals an 800% BTC price rise
Mark Quant, a crypto researcher, performed a Monte Carlo simulation to analyze Bitcoin’s price, providing a six-month forecast for the crypto asset.
The Monte Carlo model is a computational method using random sampling to simulate price projections and assess risk. It can generate multiple