Main notes
- Bitcoin price displays a declining uniform amid a wider sale in the market.
- Top Trader Peter Brandt does not rule out a $ 70,000 test.
- Analysts divided the opinion on the short -term path of the upper coin.
Bitcoin price
BTC
82 dollars 782
24 hours fluctuation:
2.6 %
The maximum market:
$ 1.64
Folder. 24h:
23.48 dollars b
Less than $ 86,000 decreased, which raised concerns about more declines. In his book X, the legendary trader Peter Brandt made the formation in the situation, admitting that the decline to $ 70,000 is a reasonable expectation. This decrease comes at a time when traders and investors look forward to the inflation report in the United States, which may affect the direction of the market.
Bitcoin under pressure where investors wait for inflation report
The current market data shows that the price of bitcoin has decreased by more than 2.86 % in the past 24 hours. According to To CoinMarkcap, Bitcoin has been traded by about $ 85,247.20 where sellers dominate the market.
It is worth noting that the digital asset market continued to record general volatility, as the volume of Bitcoin trading decreased by 2.4 % to $ 25.8 billion.
Unfortunately, this negative swing stimulates fears that bitcoin can decrease further, and may reach $ 70,000. Although he is known as Bitcoin Bull, Peter Brandt, a widely respected trader, has supported this possibility.
In the X Publication, Brandt's reaction to the analysis of the HTL-NL market. The analysis predicts that Bitcoin may suffer from a decrease in prices to $ 76,700 or up to $ 70,000.
Brandt replied that this was not an unreasonable expectation, indicating that he agreed to the evaluation. The encryption market suffers from uncertainty, as traders hinder their investment plans before launching inflation data in the United States of America.
Some experts believe that if inflation is less than expected, the Federal Reserve may reduce interest rates, which may help in recover the price of bitcoin.
On the other hand, if the inflation remains high, the government can keep the rates fixed or increase, adding more pressure to the risk assets. It is worth noting, not everyone agrees that the price of bitcoin will decrease. Some analysts see Peter Brandt predict as other speculation of bitcoin volatility in playing.
For example, Javon Marx, the encryption analyst, participated on X that Bitcoin rose from $ 19,000 to $ 67,543. He believes that Bitcoin can still reach $ 116,600 or even $ 118,800 per historic trend.
At a price of 19 thousand dollars of bitcoin, we noticed a price interruption of 67543.26 dollars as a goal and a bull divergence + division into the reflection of the direction and A> 3x to reach it.
today, $ BTC Its price is $ 87,590, and it carries above our oldest goal with $ 116,600 – 118,800 dollars as a current goal to come … https://t.co/juwsljmhhj pic.twitter.com/geo6zaph1
– Javon
mmarks (@javontm1) March 27, 2025
He believes that although a decline to $ 70,000 can happen, Bitcoin is likely to move sideways before another big jump.
Will Bitcoin be disrupted or up to the highest new level?
Coinspeaker reported earlier that Bitcoin's supplies on stock exchanges have decreased to their lowest level in more than seven years.
Many experts believe that this can indicate a transformation in market morale with potential upward effects. While some expect the bitcoin to decrease, others see the current decrease as a preparation for strong apostasy.
Michael Van de Bobby, a well -known encryption analyst, noted that recent declines have been absorbed quickly. For him, this means that buyers intervene. He believes that a possible penetration is possible if Bitcoin moves beyond $ 90,000.
Crypto Arthur Hayes expert also expects that Bitcoin will rise to $ 110,000, but he warns that he may decrease to $ 7,6500 after that.
Some investors believe that with Bitcoin remaining over $ 85,000, it can build momentum and climb up to its highest new levels. Instead of disruption, they believe that Bitcoin can prepare for another big step.
the next
Slip: Coinspeaker is committed to providing unbiased and transparent reports. This article aims to provide accurate and timely information, but it should not be considered financial or investment advice. Since market conditions can change quickly, we encourage you to check your information and consult with a professional before making any decisions based on this content.
Benjamin Jodfrey is a blockchain lover and journalist who enjoys writing about the real life applications of Blockchain technology and innovations to pay public acceptance and complementarity all over the world for emerging technology. His desire to educate people about encrypted currencies inspire his contributions to the media and famous sites in Blockchain.
Comments are closed, but trackbacks and pingbacks are open.