🚨How low could Bitcoin fall according to technical analysis experts?🚨
Bitcoin (BTC) is experiencing tense moments as it trades around $88,000, after falling below the $90,000 support. According to technical analysis, if the price continues to fall, it could find new support at the $80,000 or $75,000 levels, and could even drop to $70,000, where long-lasting resistance has previously been established. This drop would represent a 35% decline from its recent all-time high of $109,300.
Analysts such as Arthur Hayes and Ari Paul believe that the bearish trend could continue due to macroeconomic factors such as tariffs and inflationary expectations in the US. However, some are hopeful that the bullish trend will resume in a few months, if economic policies stabilize and the creation of a national bitcoin reserve in the US comes to fruition.