Surprisingly 1 trillion dollars in the encryption market sees Bitcoin drowning less than $ 80,000 price

Bitcoin decreased less than $ 80,000 per Bitcoin as an encrypted freedom that has been scanned 1 trillion dollars from the joint market pace, collecting, Fear fears of more next pain.

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Bitcoin price has decreased about 25 % of its highest level ever at about $ 110,000 per bitcoin, It returns back while the informed warns of the price of bitcoin “suppression”.

now, Merchants are also warned of “DIP purchase”, “ Analysts expect the depth of correction of the bitcoin, and if it will rise to the collapse of the full market.

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ForbesBitcoin in “critical turn” as drives of encryption for a “main” price stimulusby Billy Pambro

“According to technical analysis, the next goal of the Bitcoin price is about $ 70,000, which is a strong support zone,” said Ruslan Linakha, head of markets at Bitcoin and Crypto Platform.

However, we will only see this level if negative feelings dominate stock markets. American stock indicators were red for several consecutive days, but it is still too early to conclude that the broader upward trend has ended – it could simply be a correction of the market. “

“Bitcoin follows a rising pattern to expand the scope of textbooks, which offers a price targeted at $ 70,000,” said Marcus Thillain, the founder of 10x Research.

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Forbes“Bitcoin and Crypto Brace for 80 trillion US dollars price bombby Billy Pambro

Analysts also referred to the growing US president’s international war for President Donald Trump as leading the latest sale in the encryption market, which comes alongside the American stock market from its highest levels ever.

“The encryption market is currently very exciting, as it reads the number 21 on the Crypto Fear & Greed index – as it has spanned its lowest level since September,” said Agne Linge, the chief of growth at Onchain Bank Wefi.

“With the tariffs of definitions on Canada and Mexico, the valid will bear on March 5, the prevailing stock market interacts with potential economic repercussions. Many may continue to rotate capital from risky assets without insulation guaranteed from these commercial wars. Based on regional economic uncertainty, investors need stability, and as a naturally volatile asset, Bitcoin does not offer this in the term Short.