Will Bitcoin (BTC) Fall to $78,700? Experts Issue Warning
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Bitcoin is experiencing significant market volatility with technical analysis suggesting a potential price decline to $78,700. Despite a $233 million BTC outflow from exchanges indicating possible accumulation, traders are heavily positioned on the short side, reflecting bearish market sentiment.
March 26, 2025 | 7:00 pm
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Technical indicators suggest BTC might drop to $78,700, with bearish rising wedge pattern and traders heavily positioned on short side.
Bearish rising wedge pattern, trading below 200 EMA, and significant short positioning indicate high probability of price decline.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100