Market analysts shared what they expected for the price of Bitcoin, which lived a decline, the warning came!

Bitcoin’in The one -week decline fell intensified and decreased to $ 78.226 with a decrease of up to 7.2 %at a point before reducing losses.

The world’s largest crypto currencyThe highest level of all times on January 20, the highest level of $ 109.241, 28 %decreased, the markets in the markets and increasing concerns about the US trade policies in the midst of a dramatic decline.

The last decline of the crypto market coincides with a period in which US President Donald Trump triggers renewed customs tax threats and an increase in risk of avoiding risk in financial markets. Trump announced that the 25 %customs duties imposed on Canada and Mexican goods will enter into force on March 4, and that 10 %additional taxes will be imposed on the goods imported from China. In response, the Beijing administration promised to take all the necessary measures .. Trade voltage reduces the sensitivity of investors, fueled sales in stocks and risk -sensitive assets, and crypto currencies were among the most affected.

Crypto fund Split Capital’s founding partner Zaheer Ebtikar, “Some major investors at the end of the day ‘Do you know, I’m giving up now’ he said:” Absolutely more sales than normal, so it is difficult to identify a particular stock market or place. “

Bitcoin’s decline pushed under the key technical levels that investors followed for signs of a potential return. While the BTC has fallen below its 200 -day moving average since October, the 14 -day relative power index (RSI) entered the extreme sale zone for the first time since September.

Crypto Money Storage Company Bitgo Inc. Stefan von Haenisch, the overnight Trade Director, said traders expect traders to clarify crypto monetary policies, including speculation of a potential bitcoin stock of Trump. “Given the macro environment, it is not surprising to see where we are,” he said.

Market analysts warn that Bitcoin can see even more harsh losses if the sensitivity in stock continues to deteriorate. Mark Cudmore, MLIV Editor -in -Chief Mark Cudmore, said, “The real panic may still be in front of us. Bitcoin’s future always has another collapse of more than 70 %. ”

Cudmore emphasized the range of $ 72,000-74,000 as a potential technical crisis zone that can trigger another long-term crypto decline.

The Crypto Platform Youoveler’s market chief Ruslan Lienkha claimed that Bitcoin could find around $ 70,000, but warned against the assumption that the worst is over. “We can see this level only if a negative atmosphere prevails in the stock markets, Li said Lienkha.

*It is not an investment advice.