Bitcoin decreases about $ 80,000, experts see $ 60,000 floor if BTC, ETH and XRP persist in the declining direction

The encryption experts created it Bitcoin‘s BTC/USD The price decrease is lower Continuous economic uncertainty.

Michal pospieszalski to Swiss Benzinga told Bitcoin that you can find a floor ranging between 60,000 and $ 65,000 if it is less than $ 70,000, while Meg Leicester to Gitcoin laboratories Warning that the bottom determination is still difficult and can extend to the coming months, depending on the American economic policy attacks.

On Thursday, Bitcoin achieved a decrease at 79,940 dollars, as it decreased by 2.5 % over the past 24 hours, which led to a qualifier of 209.5 million dollars, of which amounting to $ 133.4.

PosPieszalski ratios of Bitcoin fell to economic uncomfortable political discourse, especially after the president’s comments Donald Trump Which increased nervousness in the market.

However, it is still optimistic, “unless we see a continuous contraction with a low decline and a weaker restoration, this is still a correction within a wider bull cycle.”

It is estimated that if Bitcoin violates $ 70,000, it may slip into a support range ranging from $ 60,000 to $ 65,000 before a recovery, with ETAREUM and Xrp XRP/USD It is possible that this path is possible because of their connection to the market.

Also read: The Trump administration focuses on the real economy, not market fluctuations, says Treasury Secretary Payette

ethereum‘s Eth/USD He pointed out that the path is also affected by the institutional adoption and the topical flows of the ETF, although the bottom of a specific price is not provided for these assets.

Lister has taken a more careful position of timing, stressing the difficulty of predicting encryption prices in the current climate.

Leicester told Benzinga: “We may have seen the bottom, or it may be in the coming months if the American economic policy continues at a rapid flow,” Leicester told Benzinga.

It believes that the encryption market is still technically in the bull stage, driven by economic performance on the chain, but it warns that wild price fluctuations may continue until organizational clarity appears.

Lister shows that the positive effects of structured encryption legislation, including Stablecoin and ETF instant frameworks, may take from two to two years to achieve prices by 2026 or 2027.

Both experts agree that organizational developments will be pivotal.

PosPieszalski expected great encryption news from the Trump administration soon, which could transform the market dynamics in late 2024, especially if the institutional capital acquires confidence.

However, Lister sees a longer timetable for these changes that are reflected in price stability, which confirms the need to remove current regulatory obstacles.

Between the main altcoins, Solana Sol/USDand Cardano Ada/USD and Dokwin Dog/Dollar They were traded by 1.5 %, 2.7 % and 1.2 %, respectively, while BNB collected the direction, as it increased by 3 % in trade.

Read the following:

Photo: Shutterstock