$BTC can drop to 65k but it doesn't matter because liquidity from the central bank is coming soon!
BTC dropped 7% from 88k (March 26) to 82k (March 29), leading to 158 million USD being liquidated. Meanwhile, gold reached a record high of 3,087 USD, causing Bitcoin to lose its advantage as 'digital gold'. However, experts believe BTC is about to recover as many governments roll out economic support policies. The Fed currently has a 50% chance of cutting interest rates to 4% or lower on July 30, up from 46% a month ago.
It is expected that in early April, the U.S. may ease tariffs, helping to stabilize investor sentiment. Meanwhile, the influx of money from the central bank will facilitate the growth of risk assets like BTC.
However, short-term pressure remains as Bitcoin ETF funds recorded a net withdrawal of 93 million USD on March 28, indicating caution from institutional investors.
Although BTC may adjust to 65k, experts still believe in the long-term upward trend due to expanding liquidity and increasing acceptance. The year 2025 is a year for foundation building, not yet an explosion point, but actions from the government and large institutions will push BTC closer to mainstream acceptance.
