How low can BTC Price go?

Bitcoin seems to be captured in a strong bear, since the price drops hard and is reached below 80,000 US dollars. The new tariffs in China and probably Great Britain have created great uncertainty not only among the market participants, but also within the institutions. As a result, institutions such as Blackrock BTC & ETH ETF Holdings, worth billions, have liquidated, which escalated the sales pressure through tokens. The BTC Prize has currently knocked out the profits created in the past 6 months and flashes massive bear signals for the start -Crypto.

Short liquidations exceed long!

Since the price of the consolidated range of around 96,000 US dollars reduced, the dealers on Bitcoin seem to have become bear. Since the price continues to fall hard, the market participants BTC, which the longs have now exceeded, have started. CoingGlass data indicates an enormous accumulation of Bitcoin shorts.

As can be seen in the table above, large bets were placed against Bitcoin shorts, which paid off at 10: 1 over the length. While the number of fog of longs is around 10 million US dollars, the Longs lever shorts have reached over 1.52 billion US dollars. However, another huge cluster is around 78,565 US dollars, and it is assumed that the price under this area increases the price below $ 75,000.

What's next for the Bitcoin (BTC) Prize -Rally?

The weekly diagram of Bitcoin has become extremely bearish because the only weekly candle has squeezed all profits in the past few months. The bullish feelings of the dealers are slowly pluning and hunting for more terrible days that the BTC Prize approaches. The price is currently going to be decisive, and if the bulls do not defend these values, a further retreat of 20% could pull the level below the previous heights.

The BTC Prize has fallen and tests the crucial support that was strong resistance during the previous bull run. The bulls have to trigger a back rash from here, otherwise the token will be feared to repeat the previous pattern. Previously, in 2022, the price broke out of the rising trend line and along the retaining zone along the Hochs 2018, which formed the floor of the prevailing bear market.

If the Bitcoin (BTC) price does not recover and the support breaks at 72,207 US dollars, sales pressure can escalate and the level of the previous heights of almost 69,000. Although the bulls can intervene, the bears could hold a strong grip over the rally and offer a strong upward pressure until the floors are not reached.