The wind blows hard in the crypto money market. Bitcoin was withdrawn below $ 82,000 with a sharp decline from $ 88,000 at the beginning of the week. BTC, who lost 6.5 %in just two days, left investors on thorns. Is this decline just a temporary correction or a heralding of a deeper decline? As Kriptokoin.com, we transfer the details.
Is it the weekend correction or the beginning of a new trend?
The US core PCE data on Friday showed that inflation is more resistant than expected. With this data, sales wave started in the markets. The price of Bitcoin fell to $ 81,900 and the weekly earnings were completely deleted.
The new trade tariffs to be launched by the Trump administration on April 2 also increased the pressure on the markets. In this environment where the global risk appetite has fallen, crypto investors also went to a cautious waiting. Even long -term investors have now started to question new levels of support.
The liquidity map warns: in danger between 70-80 thousand dollars
According to CoNSS data, the Long position of $ 165 million in the last 48 hours was liquidated. In total, the crypto position of $ 338 million was deleted from the market. These data reveal that large players have closed position and have a liquidity gap in the market.
In particular, it is seen that it has a large buyer interest in the $ 70,000 – 80,000 dollar band. This increases the likelihood of Bitcoin’s withdrawal to these levels. If the price reaches this region, a strong reaction rise may be on the agenda. However, if the decline persists, these areas can no longer turn into the field of panic sellers, not buyers.
Technical formations alarm: the target is $ 62,000?
Analysts draw attention to the “Bear Flag” formation on the Bitcoin graph. This structure usually gives the downward continuation signal. The technical goal of the formation points to the level of $ 62,000.
The famous analyst Peter Brandt draws attention to the $ 65,600 level. On the other hand, some commentators predict that $ 76,000 will be tested first, and then the upward recovery may begin. However, the general weather is very cautious for now.
Bitcoin must clearly overcome the resistance zone over $ 85,000 in order to re -accelerate. Otherwise, in this environment where sales pressure deepens, it may be inevitable to drift to a new bottom level. In particular, a period in which short -term investors should act carefully.
