4 signs that 76.7 thousand dollars of bitcoin are likely to decrease in the end

Bitcoin (BTC) decreased to its lowest level for four months at 76,700 dollars on March 11, after a weekly decrease by 6 % in the S&P 500 index.

The stock market correction has pushed the index to its lowest level in six months, as investors have provided higher possibilities than global economic shrinkage.

Although Bitcoin decreased by 30 % of its highest level ever at 109,350 dollars, four main indicators indicate that the correction may have ended.

The Bitco Bear market needs a decrease of 40 %, and a strong US dollar

Some analysts argue that Bitcoin entered the bear market. However, the current price procedure differs greatly from the November 2021 crash, which started with a decrease of 41 % from 69,000 dollars to 40,560 dollars in just 60 days.

A similar scenario today means a decrease to $ 64,400 by the end of March.

The current correction reflects a 31.5 % decrease from 71,940 dollars on June 7, 2024, to $ 49.220 over 60 days.

In addition, during the bear market in late 2021, the US dollar was strengthening a basket of foreign currencies, and was reflected in the DXY index, which rose from 92.4 in September 2021 to 96.0 by December 2021.

This time, however, DXY 2025 began at 109.2 and has since rejected to 104. Traders argue that bitcoin maintains a reverse connection with the DXY index, as it is primarily seen as one of the assets of risks instead of safe hedging against the dollar.

In general, the current market conditions do not show any signs that investors are moving to cash positions, which support Bitcoin.

BTC derivatives where investors fear the artificial intelligence bubble

The Bitcoin Derivatives Market remains stable, with the current annual installment premium on futures for 4.5 %, although its price decreased by 19 % between 2 and 11 March.

For comparison, on June 18, 2022, this indicator fell to less than 0 % after a sharp decrease of 44 % from 31350 dollars to 17,585 dollars in only 12 days.

Likewise, the Bitcoin Perpetual futures financing rate hovering near zero, indicating a balanced crane request between the phase and short strictures. The conditions of the Hubudian market usually pay excessive demand for short positions, which prompted the financing rate to less than zero.

Many companies circulated publicly with market values ​​that exceed $ 150 billion have seen sharp declines from their highest levels ever, including Tesla (-54 %), Palantir (-40 %), NVIDIA (-34 %), Blackstone (-32 %), Broadcom (-29 %), TSM (-26 %), and Servicenow (-25 %). The feelings of investors, especially in the artificial intelligence sector, have become declining amid increasing recession fears.

Related to: Bitcoin $ 70 $ RERRERRERDING PRACITION from “Kidney Correction” in the Taurus Market – Analysts

Traders are concerned about the possible US government closing on March 15, as legislators must pass a bill to raise the roof of the debt. but, According to To finance Yahoo, the Republican Party is still divided.

The main points of the competition in the proposal of Parliament Speaker Mike Johnson are an increase in defense and immigration spending.

Risk markets, including Bitcoin, may interact positively if an agreement is reached.

The real estate crisis is not necessarily negative

Early signs of a real estate crisis can accelerate capital flows to other rare assets. According to February 27 Data From the National Society for Real Estate Justice for Real Estate Breedes, the signing of the home contract fell to its lowest level ever in January.

In addition, a piece of opinion February 23 in the Wall Street magazine open More than 7 % of the valuable loans from the Federal Housing Department are at least 90 days, bypassing the peak of the mortgage crisis of 2008.

In essence, the Bitcoin Road is supported to recover 90,000 dollars through the weakness of the US dollar, a historical evidence that the price correction by 30 % does not indicate the bear market, flexibility in the BTC derivative markets, transgression of government closure risks, and early signs of a real estate crisis.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.