What we will talk about today...

How Low Can Bitcoin Go?

Bitcoin’s 10% weekly drop and breach of $85K signal risk of a deeper correction.

• Main Points:

  • Bitcoin is down 10% in seven days, nearing $85K support.

  • Analysts expect a drop to fill the CME gap below $80K.

  • Key support areas include the $77K zone and lower thresholds.

  • Liquidity buildup in lower-$70K range could intensify the correction.

• Detailed Insights:

  • Bitcoin fell to $82K on Feb. 27, raising further decline concerns.

  • CME futures gaps act as magnets, historically filled during corrections.

  • The gap aligns with 200-day EMA, reinforcing key support at $79,500.

  • Analysts warn BTC may drop below $77K, testing historic support levels.

  • Significant liquidity in lower $70K range could deepen Bitcoin’s correction.

Noob Alert: Hold BTC Amid Dip Despite $150m BlackRock Sale

CryptoQuant CEO Ki Young Ju warns that panic selling during a 30% correction is a "noob move." Meanwhile, reports reveal BlackRock offloaded $150m in BTC, yet institutional holdings remain robust.

• Main Points:

  • CryptoQuant CEO deems selling during dips a “noob move.”

  • A 30% correction is common during Bitcoin bull cycles.

  • Reports indicate BlackRock sold $150m in Bitcoin amid market dip.

  • Institutional data shows robust BTC holdings despite recent sell-offs.

  • Bitcoin is down approximately 10% this week, intensifying market caution.

• Detailed Insights:

  • CryptoQuant CEO advises against panic selling during typical 30% bull corrections.

  • BlackRock reportedly sold $150m in BTC amid current market dip.

  • Institutional holders maintain remarkably robust BTC positions despite recent sell-offs.

  • Bitcoin is down 10% this week, signaling a challenging market.

  • Historical 30% corrections have recovered, offering buying opportunities during dips.

Trump Tariffs Shake Markets, Bitcoin Dips Below $84K

President Trump’s 25% tariffs on key EU imports intensify trade tensions and trigger a Bitcoin slide to a low of $83,337, stoking market volatility.

• Main Points:

  • 25% tariffs target EU auto, pharma, and semiconductor imports.

  • Tariffs set to take effect by April 2, 2025 under Trump’s “Fair and Reciprocal Plan.”

  • EU condemns tariffs; swift countermeasures expected from the bloc.

  • Bitcoin dips below $84K, hitting a low of $83,337 amid market turmoil.

  • Elevated tariffs may drive up import costs and domestic inflation.

• Detailed Insights:

  • Trump enacts 25% tariffs, citing a $350B EU trade deficit.

  • EU targets key sectors; aggressive tariffs escalate trade tensions significantly.

  • EU strongly condemns proposed tariffs; European Commission vows swift countermeasures.

  • Bitcoin sharply slides to $83,337 amid ongoing broader market turmoil.

  • Tariff shock may trigger higher import costs and inflation risks.

  • Historical precedent strongly suggests retaliatory tariffs targeting US-sensitive consumer goods.

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This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results