Bitcoin price drops towards the range levels, but the data shows that “whales are currently going.”

Bitcoin extended its decrease on March 28, as it decreased for the fourth consecutive day to draw the lowest level in one day at 83,387 dollars. The BTC (BTC) decrease in the Wall Street, as it closed the Dow 700 points, along with the S&P 500, which decreased 112 points.

The stock sales are widely attributed to increased fears of inflation after the high data of Personal Consumption Expenditure Index from February to 2.8 % (a monthly increase of 0.4 %), which was higher than expected.

The sales process was more amplified by the market’s response to the “mutual tariff” recently imposed by Trump Trump, which applied a 25 % tariff to “all the cars that were not made in the United States.”

Bitcoin gathering opportunities to relief or sale relief will be possible, as merchants are expected to monitor with caution on April 2, the day that Trump described “liberation day”, where an additional tariff is expected to be revealed, including “pharmaceutical tariff”.

Bitcoin price decreases to 65 thousand dollars?

According to veteran merchants Peter Brandt, bitcoin can be on the road to $ 65,635.

In a social publication X, Brandt confirmed the completion of the “Tar Book” pattern and He saidand

“Do not shoot the Apostle. Just report what the graph says until he says something different. I complete Bear Wedge with a 2X target of the top double at $ 65,635.”

The “HTL-NL” encryption agreed with Brandt, indicating this Bitcoin failure In the “ice break” of the long -term descending trend line and the confirmation of a bear wheel is evidence that BTC is estimated to reconsider its lowest levels.

From a purely technical point of view, it is difficult to show a quick reflection in bitcoin prices because many of the daily timeline standards are not exaggerated. Although there is no powerful demand in the immediate market in the current price area, Cole Garner’s encryption dealer He says “The whales are currently going.”

According to Garner, Margin Btc Spot Port is eager to the margin shorts scale that has just launched a strong signal showing historical returns of 50 %+ returns “within 50 days”.

Related to: American organizers FDIC and CFTC reduce the encryption restrictions of banks and derivatives

In addition to daily price fluctuations, developments in the positive encryption industry continue on the organizational front.

On March 28, the White House AI and Crypto Czar David Sacks Bend FDIC and its Acting President Travis Hill to clarify “banks’ process to participate in encryption activities.”

Basically, the letter of institutions in federal institutions to insurance on institutions under its supervision provided clear guidelines about their ability to engage in products and services related to encryption without the need to notify FDIC first.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.