Bitcoin price: The analyst believes that 75 thousand dollars is a “juice goal” for investors
The price of Bitcoin fell to its lowest level near 82 thousand dollars on Wednesday, driven by total total investments after the latest tariff ads.
This comes at a time when President Donald Trump threatened an escalation in commercial wars.
On February 26, Trump threatened to impose a 25 % tariff on the European Union, and the market reaction witnessed both stocks and encryption.
The accident witnessed more than $ 779 million classified from the encryption markets.
According to CoinglassBitcoin has formed most references over the past 24 hours with more than $ 468 million.
From this, it represents more than $ 388 million and $ 79 million of hippochet beta.
The huge edges occurred as the BTC price fell by more than 6 % to its lowest level in November 2024.
However, flexibility means that BTC has returned to the top of 86 thousand dollars and has re -testing its highest levels between 89 thousand dollars.
It is worth noting that the leading digital assets crashed from 99.3 thousand dollars on February 21.
Altcoins similarly decreased during this massacre.
Bitcoin Fear & Greed has decreased to 10.
While he referred to extreme fear, it has largely worse than the place it reached in the wake of the FTX collapse.
Week scheme: BTC to reconsider $ 75,000?
According to the Bitcoin investor and Willy Woo, the relationship between Bitcoin and stocks are the reason for the decrease in risk assets.
Wu said: He summarizes expectations through the “Weekend”, Wu said:
“BTC’s association with stocks takes a set of liquidation to 82,000 in the back decrease of the very neutral investor activity. 75K displays juice regardless of the BTC who is excessively selling with the strong, dominant medium forces now.”
The analyst added
“With regard to the average narrow forces in play … The urgency model is estimated at the direction and size of the insistence that flows through books.
Bitcoin price today: the opportunity to buy?
While the market may witness more surrender, analysts are largely optimistic.
In this case, the overall feelings are at the current levels, or any other declines will provide another opportunity.
According to the visions of the Market Intelligence Intaeblock platform, the sharp sale that has been seen in the past few days adds to a total scenario where the decreases may have led to the “excessive speculation” flow.
The scale on the chain The system refers to this view of the accounts of the dealers in the short term.
“The balance of merchant accounts in the short term has decreased to levels that have not been seen since October 2024, indicating a significant reduction. By getting rid of excessive speculation, the market may have formed a healthier base for continuous upward momentum,“ InTothheblock Posted on X.
Is the market close to surrender? This scale on the chain provides a major vision on the term, the short -term merchant account balances have decreased to levels that have not been seen since October 2024, indicating a significant reduction. By getting rid of excessive speculation, the market may have formed …
Bitcoin has been trading about $ 86,390 at the time of writing, a decrease of 2.7 % over the past 24 hours and about 11 % last week.
Daily size amounted to $ 71 billion, a decrease of 3 % a day.
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