Bitcoin: A Drop To $72,000 Becomes Plausible According To An Analyst
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Bitcoin is experiencing significant volatility, dropping from over $84,000 and facing potential further decline to $72,000-$75,000. Analysts cite macroeconomic liquidity conditions, reduced risk appetite, and technical signals as key factors. While some experts see a potential recovery around May 1st, the cryptocurrency's short-term trajectory remains uncertain.
March 29, 2025 | 12:15 pm
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Bitcoin may experience a significant price correction due to contracting global liquidity and reduced risk appetite. Technical indicators suggest potential drop to $72,000-$75,000 range.
Multiple analyst perspectives suggest Bitcoin is facing strong downward pressure due to macroeconomic conditions, reduced risk appetite, and technical chart patterns. The rejection at 200-day moving average and potential liquidity contraction increase probability of a price decline.
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IMPORTANCE 90
RELEVANCE 100