Bitcoin’s price has taken a sharp dive to $91,180, reflecting a 10% drop in just 24 hours. This sudden shift has sparked concerns about the future of the world’s leading cryptocurrency. The big question now: could Bitcoin plunge to $75,000 in the coming months?
According to data from Derive.xyz, there’s a 22% chance of this happening by March 28. With the market feeling more uncertain than ever, here’s a closer look at what’s driving these fears and what might be next for Bitcoin.
The biggest factor behind the risk of Bitcoin falling to $75,000 is the growing trade war between the U.S. and its major trading partners. The U.S. has recently imposed new tariffs on imports from countries like China, Mexico, and Canada.
These tariffs—25% on imports from Mexico and Canada, and 10% on Chinese goods—are expected to increase inflation. Higher inflation could make it harder for central banks to lower interest rates. If inflation rises and the economy slows, Bitcoin could be negatively impacted.
The World is Lashing Out
Trump defended the tariffs, stating that they were necessary to protect the country from security threats like illegal immigration and drug trafficking.
In response, Canada imposed its own 25% tariffs on U.S. goods, and China threatened to take legal action against the U.S. at the World Trade Organization. These global reactions are heightening concerns about Bitcoin’s future.
Earlier, Coinpedia reported that Robert Kiyosaki warned that Bitcoin might drop sharply due to the new tariffs. At that time, BTC was priced at around $101,000.
Former BitMEX CEO Arthur Hayes also predicted that Bitcoin could fall to $75,000 before seeing a significant rally. Currently, Bitcoin appears to be following a “double top reversal” pattern, which could lead to a drop to $75,000.
As Bitcoin faces this uncertainty, key technical indicators are showing troubling signs. The Relative Strength Index (RSI) has fallen below 50, indicating a strong bearish trend.
In addition, the Moving Average Convergence Divergence (MACD) has shown a bearish crossover, suggesting further downward movement could be coming.
Bitcoin must hold certain levels to avoid a larger drop. If it fails to stay above $90,500, the next support level could be $85,000. On the other hand, resistance is near $95,000, and if Bitcoin manages to recover above $96,500, it could regain bullish momentum.
With the current market volatility, Bitcoin’s price will continue to be closely watched in the coming weeks.
Bitcoin’s price is dropping due to fears of rising inflation from U.S. trade tariffs, market uncertainty, and technical bearish signals.
There’s a 22% chance Bitcoin could drop to $75,000 by March 28, mainly due to market uncertainty and recent tariff-related inflation concerns.
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