Close Menu
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 2025

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 2025

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 2025
Facebook X (Twitter) Instagram
  • Contact Us
  • Privacy Policy
  • Terms Of Service
Thursday, July 31
Doorpickers
Facebook X (Twitter) Instagram
  • Home
  • Economic News
  • Stock Market
  • Real Estate
  • Crypto
  • Investment
  • Personal Finance
  • Retirement
  • Banking
Doorpickers
Home»Crypto»Will Bitcoin (BTC) Fall to $78,700? Experts Issue Warning
Crypto

Will Bitcoin (BTC) Fall to $78,700? Experts Issue Warning

March 26, 2025No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin (BTC) may be on the brink of a significant price drop as the overall crypto market experiences heightened volatility on March 26, 2025, leading to drastic price fluctuations from gains to losses.

Bitcoin (BTC) Price Action and Technical Analysis

The cryptocurrency market has been witnessing substantial price swings in recent days. The market was quite bullish in late February and early March 2025, with significant upside momentum followed by the formation of a bearish price action pattern.

Bitcoin Price Prediction

Bitcoin (BTC) has exhibited a bearish rising wedge pattern on the four-hour timeframe, according to expert technical analysis. There is a looming possibility of a breakdown if BTC closes a four-hour candle below the $86,200 level, potentially leading to an 8.5% drop to $78,700 based on historical patterns.

Source: Trading View

Currently, BTC is trading below the 200 Exponential Moving Average (EMA) on the daily timeframe, signaling a downtrend.

$232 Million Worth of BTC Outflow

Despite market uncertainty and bearish price action, whales and long-term holders have been accumulating BTC, as reported by on-chain analytics firm Coinglass.

Data suggests significant outflows of $233 million worth of BTC from exchanges in the past 24 hours, hinting at potential accumulation that could create buying pressure and drive further upside momentum.

This marks the fourth consecutive day of continuous BTC outflows from exchanges.

Traders’ Bearish Outlook

Traders seem to align with the current market sentiment, heavily favoring the short side. Coinglass data reveals over-leveraged positions at $88,907 on the upper side and $85,813 on the lower side, with $1.20 billion in short positions and $722 million in combined short and long positions.

Source: Coinglass

This underscores the current dominance of bears in the market, suggesting that the price is unlikely to surpass the $88,907 level.

Current Price Momentum

At the moment, BTC is hovering around $86,690, registering a 1.50% decline in the last 24 hours. Concurrently, trading volume has decreased by 10%, indicating reduced participation compared to the previous day.

Bitcoin BTC experts Fall issue Warning
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 2025

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 2025

Ethereum Dominates DeFi, Solana, Bitcoin, BSC, Tron, and Others among Top 10 

July 30, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Tesla’s sales get another black eye — but will a new Model Y solve things? 

June 5, 20250 Views

Orochi Network Collaborates with BitsCrunch to Solidify NFT Ecosystem Integrity

December 24, 20240 Views

Chinese consumer prices barely rise as deflationary pressure weighs

January 8, 20251 Views
Stay In Touch
  • Facebook
  • YouTube
  • TikTok
  • WhatsApp
  • Twitter
  • Instagram
Latest
Crypto

Blockchain Could Boost Covered Bonds, but Adoption Faces Major Hurdles: Moody’s

July 31, 20250
Crypto

Pi Network price prediction for August 2025 – Can it reverse 75% losses? 

July 31, 20250
Personal Finance

No Fed Action in Key Market Week; Mortgage Rates Flatten

July 30, 20250
Facebook X (Twitter) Instagram Pinterest
  • Contact Us
  • Privacy Policy
  • Terms Of Service
© 2025 doorpickers.com - All rights reserved

Type above and press Enter to search. Press Esc to cancel.