Bitcoin News Today: BTC sinks 6 %, as Japan and the overall wind returns to pay about $ 70,000

Bitcoin will start the fourth consecutive week of disappointing performance with 6 % of its price and increasing pressure to pull it to less than 80 thousand dollars. Looking at the growing negative macro, traders expect another 14 % to decrease to less than 70,000 dollars.

Bitcoin will enter a new week in red after sliding by up to 6.5 % over the past 24 hours to the lowest level during the day 80,050 dollars. the Make a disappointing price todayMonday, March. 10, its losses run for 7 days, 30 days to 11 % and 15 %, respectively.

It was ancient digital currency On a continuous free fall This pulled it from its highest levels 109 thousand dollars less than two months ago.

Not even the top of the White House encryption, or signing the reserve executive order, or Bitcoin reserves pass in Utah It can help stop BTC bleeding. On the contrary, the investor’s morale has declined with the industry, with Decrease in the index of fear and greed To its lowest level in 17.

The spread of volatility and continued bitcoin flows of ETF negative

Bitcoin’s ongoing value loss led to enormous fluctuations with 200 % daily trade sizes to $ 44 billion. For the first time since the creation of the investment funds circulating in Bitcoin, the external flows for the fourth week were recorded in a row.

After losing $ 2.61 billion last week, these indicators lost another $ 799.4 million, which made the total external flow of BTC ETF in a period of four weeks to more than 4 billion dollars.

Experts and merchants expect Bitcoin to get rid of more and decrease to $ 70,000

Moving forward, an increasing number of analysts and investors expect Bitcoin to continue dumping. Among the factors that feed the collapse of prices are the definitions that were not resolved by Trump, which did not solve investors who are afraid of impacts on a trade war between the United States and its trading partners in the market.

Away from the United States, the return of the Japanese government’s support for 20 years (JGB) rose to 2.265 % The highest level since 2008.

Historically, the highly and internationally association revenues have always pulled liquidity from the encryption markets because it is largely less dangerous.

While taking these prevailing downward factors and morale, analysts are concerned that there will be no enough purchase pressure to help BTC to defend the level of $ 80,000.

Some, like Arthur Hi She warned that bitcoin might fail in 75,000 in the coming weeks.

Others, including Timothy Peterson The author of the book “Metcalfe Law as a Bitcoin V -value” and “The Fearchery of Currency: A Bloody History of Money” expects a deeper cloud that pushes it to about 70 thousand dollars.