The price of Bitcoin decreased by 10 %in the last 24 hours and fell to $ 91.180. According to On-Chain Option data, Bitcoin’s probability of falling to $ 75,000 by March 28 was calculated as 22 %. Uncertainty in global markets and the US trade policies increase the pressure on Bitcoin.
Bitcoin’s risk of decrease and trade wars
The main reason behind the possibility of Bitcoin falling to $ 75,000 is the increase in the tension between the United States and its important trade partners. The United States announced that it has brought additional tariffs to imports from China, Mexico and Canada.
Import from Mexico and Canada is expected to apply 25 %and 10 %additional taxes to goods from China. This may delay the interest rate cuts of central banks by increasing global inflation. If economic growth slows down, BTC may also be adversely affected.
Warnings from Market Experts
Famous investor Robert Kiyosaki warned that Trump’s trade policies may lead to a major correction in Bitcoin. Arthur Hayes, former endingxx CEO, claimed that Bitcoin could first fall to $ 75,000, and then he could have a great recovery.
BTC price movements are currently Double Top Return (Double Top Reversal)It creates a formation known as. This technique indicates that Bitcoin’s downward movement can continue.
Critical levels for Bitcoin
Bitcoin’s price movements are closely monitored, while technical indicators give down -way signals.
- RSI (Relative Power Index)By decreasing below 50 To a strong fall trendpoints.
- MACD (moving average convergence Iraqs)indicator negative intersectionshows that the price may fall further by showing.
The fact that Bitcoin remains above $ 90,500 is a critical point to prevent a larger loss. If this level is broken, the price can test $ 85,000. On the other hand, Bitcoin needs to exceed $ 95,000 and exceed $ 96,500 in order to gain acceleration of rise again.
While the market uncertainty continues, investors closely follow the impact of trade wars and global economic developments on BTC. It is a matter of curiosity in which direction Bitcoin will continue to move.
