4 signs that 76.7k Bitcoin is probably the ultimate low

Bitcoin (Btc) fell on four months low from $ 76,700 11. March, after 6% of weekly falling index S & P 500.

The stock market update was pushed by the index at the lowest level in six months such as investors at prices in higher quotas of global economic fall.

Despite 30% dropin crash from all times of $ 109,350, four key indicators suggest that the correction can be completed.

Bitcoin Bear Market requires 40% drop, strong USD

Some analysts claim that Bitcoin entered the bear market. However, the current price of the price differs significantly from falling November 2021. year, which began a drop of 41% from 69,000 to $ 40,560 in just 60 days.

The comparable scenario would date the decline to $ 64,400 to the end of March.

Current mirror correction is 31.5% drop from $ 71,940 7. June 2024, at $ 49,220 over 60 days.

In addition, during the late 2021. year, the US dollar is strongly against foreign currencies, as discussed in the DKSI index, which of 92.4 in September 2021. to 96.0 to December 2021. until December 2021. Years.

This time, however, the DXI started 2025. In 109.2 and since then he rejected 104. Traders claim that Bitcoin maintains an reverse correlation With the DKSI index, because it primarily be seen as a risk tool, not safe protection against weakness in the dollar.

All in all, current market conditions do not show signs of investors who move to cash positions, which supports the price of bitcoin.

BTC derivatives healthy as investors fear and bubble

The Bitcoin derivative market remains stable, because the current annual premium to futures means 4.5%, despite the fall of 19% between 2. and 11. March.

For comparison, 18. June 2022. This indicator fell under 0% after a sharp 44% drop from HM 31,350 to $ 17,585 in just 12 days.

Similarly, the Funding rate of Bitcoin constant futures fathers floats near zero, signal the balance of demand between long and panties. Bear conditions in the market usually drive over demand Short positionsPushing the funding rate below zero.

Several public traded companies exceeding $ 150 billion from their all-time, including Tesla (-44%), Palantir (-4%), Nvidia (-4%), Blackstone (–40%), TSMCOM, TSM (-26%), TSM (-26%), TSM (-26%), TSM (-26%), TSM (-26%). The investor feeling, especially in the artificial intelligence sector, has turned a bear in the middle of a growing fear of recession.

Related: Bitcoin $ 70K Decorative part ‘Macro Correction’ in the Bull market – Analysts

Merchants are concerned about the potential exclusion of the US government 15. Marta, as legislators must be lifted by the debt-bearing ceiling account. However, toward To finance Yahoo, the Republican Party remains divided.

Key spots in the proposal of President House Mike Johnson increases consumption for defense and immigration.

Risk markets, including Bitcoin, will probably react positively if an agreement is reached.

The real estate crisis is not necessarily negative

Early signs of the real estate crisis could accelerate capital outflows into other scarce assets. According to 27. February data From the American National Association of Realers, the signatories of the contract in the contract occurred at all times in January.

In addition, February 23 place of opinions in Wall Street magazine discovered That over 7% of the Federal Housing Administration of Insured Loans are at least 90 days based, exceeds the highlight of the subprime crisis 2008.

In essence, Bitcoin’s way to re-connected $ 90,000 supports the weaker US dollar, historical evidence that the price of 30% does not signal bear market, resistance to BTC Market derivativesInfection from the risks for extinguishing the Government and early signs of the Real Estate Crisis.

This article is for general information on the need and should not be taken as legal or investment advice. The views, thoughts and opinions are presented here, the author itself is not necessarily reflected or represent the views and opinions of the cointelegraph.