Bitcoin’s price has dropped to $79K, a level that is considered critical. The token’s price hovered around $80k at press time. This shows signs of fluctuation and volatility. BTC’s fluctuating price is causing havoc in the current market. A Bitcoin expert predicts a minimum threshold for the current Bitcoin cycle.
Please Read This: IRFC Dips To Rs 116: Best Time To Buy the Dip?
How low can Bitcoin go?
Bitcoin experienced severe price fluctuations over the last 24-hours. This token was badly affected by the changing geopolitical stories and increasing trade war fears. Donald Trump recently announced another round of tariffs. levying The EU and the US will be charged 25% duty on all goods. additional Tariffs of 10% on China The cryptocurrency market has been severely affected by this development.
Rager has made a prediction for a new Bitcoin bottom, based on the market’s current momentum. Rager went to X and shared his opinion, saying that the current market momentum is a factor. “normal” Bitcoin could fall to as low as $70,00 in current market conditions.
Rager pointed out that BTC was down by 27% at the moment. Later, he explained that such pullbacks were normal during bull cycles. Tokens typically fall between 30% and 40%. Eager also said it would be unlikely for BTC to reach $70K. “abnormal scenario,” BTC’s price will return to its previous stable level in a short time.
“$BTC is at a -27% pullback. Pretty normal in prior cycles, even during bull markets, for Bitcoin to drop -30% to -40%. Wouldn’t be abnormal to drop to mid- to low $70s. IMO, we see everything at higher prices in a month from now regardless.”
$BTC The -27% Pullback
Bitcoin’s drop from -30% to 40% was not unusual in previous cycles.
It’s not unusual for the price to fall to around $70k.
IMO, I see all prices going up in a few months. pic.twitter.com/NMlkTwa9ti
— Rager (@Rager) February 28, 2025
Please Read This: Jio Financial Shares Fall 3% to 214 Levels: Time to Buy the Dip?
The Token Technical Report
You can also find out more about Per CoinCodexBTC still wants to be at the top. Bitcoin’s price may be back to where it was by the end March. It could even reach a new record high, $121,000.
“According to our current Bitcoin price prediction, the price of Bitcoin is predicted to rise by 50.59% and reach $ 121,326 by March 30, 2025. Per our technical indicators, the current sentiment is bearish while the Fear & Greed Index is showing 16 (extreme fear). Bitcoin recorded 13/30 (43%) green days with 4.13% price volatility over the last 30 days. Based on the Bitcoin forecast, it’s now a bad time to buy Bitcoin.”
Please Read This: Nvidia (NVDA) Stock Falls 8% Following Poor Q1 2025 Outlook
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
