Bitcoin is facing intense downward pressure, with analysts pointing to $75,000 as a key support level that could determine its next move. Amid macroeconomic concerns, including potential U.S.-China trade tensions, BTC has already dropped over 6.5% in the past 24 hours, dipping below $78,200, a level last seen in November 2024.
Macroeconomic Factors Driving Bitcoin’s Decline
One of the primary reasons for Bitcoin’s recent downturn is uncertainty surrounding U.S. trade policies. The announcement of new import tariffs by President Donald Trump has caused market jitters, pushing BTC below the $80,000 support. According to analysts, this correction could extend to $76,000–$78,000, with $75,000 acting as the final line of defense before a steeper decline.
Some experts are even warning that if Bitcoin loses $75,000, it could plunge to $70,000, especially given its historical price behavior and liquidity patterns.
Institutional Support and Potential Rebound
Despite the bearish outlook, large institutional investors continue accumulating BTC, helping to stabilize the market. Michael Saylor’s ongoing Bitcoin acquisitions signal strong confidence in the asset’s long-term potential. Analysts suggest that unless a major new catalyst for downside pressure emerges, a sustained drop below $75,000 is less probable in the immediate term.
Liquidation Risks and Market Sentiment
A move below $75,000 would trigger significant leveraged long liquidations across major exchanges, totaling nearly $900 million, according to CoinGlass data. This could add to further downside volatility and accelerate the decline toward $70,000.
However, historical price patterns suggest that BTC’s correction may last another two weeks, similar to previous post-rally pullbacks. Crypto analyst Rekt Capital highlights that while this correction is in line with past cycles, Bitcoin’s overall bullish structure remains intact.
Buy the Dip or Wait for Lower Prices?
For traders and investors, $75,000 is the level to watch. If BTC holds above this support, it could rebound toward $80,000 and beyond. However, if it breaks lower, the next major accumulation zone could be around $70,000.
Conclusion
Bitcoin’s next move depends on how it reacts to the $75,000 support level. While institutional buying and market structure remain positive, macroeconomic uncertainty could drive further volatility. Traders should be cautious and monitor key levels before making decisions.
This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making investment decisions.
