Market Update

Is now the best time to buy BTC?

The price of Bitcoin has achieved successive successes since the past few weeks, as it has decreased from $ 105,000 from February 1 to trading now for $ 87,037. This decrease causes a lot of fear in the market at the present time as merchants cannot get a guarantee that at the end the bitcoin bottom.

Many investors sell Bitcoin at a loss, with short -term holders dropped 43,600 BTC ($ 3.9 billion), the highest amount since August last year, according to Glassnode.

The total losses of these sales amounted to $ 1.8 billion, which is the largest loss for one day in months. However, some experts feel that bitcoin reaches its lowest point before a possible recovery. Is this in the end of the bitcoin, or will we see more drops? Let’s see what the experts say

Andre Dragush, head of research in Europe in Beto Wiw, said that the index of the origins of encryption is at its lowest point since August 2024

Dragosh said: “The Feelings of the Effects of Cryptology have just been flashing a huge contradictory signal for Bitcoin,” said Dragosh. “The decline is widely indicated by flows, data on the chain, and derivatives that negative risks are somewhat limited.”

Bitcoin price against the index of encrypted feelings source: x

Meanwhile, the total value of the encryption market has now decreased to 2.9 trillion dollars, which is the lowest trillion dollars than its peak in December 2024, according to the data of Coinmarketca.

But there are many events that led to this incident. One of them was the penetration of $ 1.4 billion on the Dubai stock exchange, which raised concerns about security in the market. For this reason, many merchants seem to have withdrawn their money from the stock exchanges.

Moreover, the proposed tariff by Donald Trump fired at Canada and Mexico to uncertainty in the market. Many also fear that federal reserve policies can put more pressure on the encryption market in the coming months.

But even with all this fear and panic, some experts are still positive about the future of Bitcoin. Bernstein Investment Company believes that Bitcoin will reach $ 200,000 next year. “We consider the current correction as another opportunity to participate in this course,” said analysts Gotam Chogani, Mahaika Sabra and Sanskar Chindia in a report. They believe that the height of bitcoin may be delayed, but they still expect a long -term growth.

Geoffrey Kendrick from Standard Charreed believes that Bitcoin can decrease to low 80,000 dollars before decline. He also pointed out that Bitcoin’s investment funds need to see a billion dollars in external flows before confirming a real bottom. At the same time, data from On the basis of Money He explains that many merchants are still betting on Bitcoin up to $ 120,000 by March 28.

Moreover, Bitcoin has a history of bounce after large drops. But now, the market is still not certain. Some merchants believe that the worst has ended, while others are waiting for more stability.

Also read: CZ Binance predicts the collapse of Bitcoin from one million dollars to 985 thousand dollars



https://www.cryptotimes.io/wp-content/uploads/2025/02/Bitcoin-Crash-to-87k-Is-Now-the-Best-Time-to-Buy-BTC.jpg

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