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Is Bitcoin (BTC) Headed for $72,000? Dogecoin (DOGE) Price Hit Critical Support, Shiba Inu’s (SHIB) Whales Take Control?
The market is preparing for the United States to impose new trading tariffs, which are anticipated to put more strain on risk assets and international stocks. As trade tensions rise, investors may seek safer havens, which could result in capital outflows from Bitcoin, which is frequently seen as a speculative vehicle in uncertain times. In the event that selling pressure increases, Bitcoin could lose support at $82,000, opening the way to $78,000.
Bears may target the $72,000 zone, a psychologically significant threshold and previous consolidation area, if that level also breaks. This level of breakdown would represent one of the steepest corrections in Bitcoin’s history, representing a nearly 15% drop from current prices. There are indications of weakness in volume as well.
Doubts have been raised regarding the sustainability of any near-term bounce because recent buying activity has not been accompanied by strong volume support despite prior surges. The RSI is currently at 44, indicating that there may be space for one more decline before oversold conditions are reached.