Will Bitcoin Drop Even Lower? Here’s What Experts Predict 📉
Bitcoin's value has dropped significantly in recent days, falling below $80,000 from over $96,000. This marks a nearly 18% decline since the week began and a 27% fall from its all-time high in January. Factors contributing to this downturn include Trump tariffs, outflows from BTC ETFs, and high futures market liquidations.
Despite the negative sentiment, some experts see potential for a rebound. Analyst Scott Melker notes a developing bullish divergence, while Tony Severino suggests a possible familiar corrective pattern.
Josh Olszewicz highlights the potential for a retest of Bitcoin’s weekly kijun, and Daan Crypto Trades sees significant buy orders on Binance futures. CEO Ki Young Ju sees a possible extended consolidation between $75K and $100K until new catalysts emerge.
Source: www.newsbtc.com ↗
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