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Bitcoin 
$87,948’s price is bracing for new announcements from Trump in the coming hours. Following a retaliatory decision by Canada against the U.S., Bitcoin fell to $81,500 due to a decline in the U.S. stock market but has since rebounded to $88,700. The founder of Binance has shared new insights regarding this recent downturn. What are cryptocurrency experts saying?
The cryptocurrency market has been experiencing volatility for weeks. Following Bitcoin’s price drop, altcoins have also started to trend downward, showing inconsistent rebounds. When Bitcoin experiences another decline, altcoins tend to reach even deeper lows. In a recent post, Binance founder CZ discussed those who withstand the downturns.
“A little secret about all the crypto millionaires I know… they all had to endure downturns.”
“The only exception is… a billionaire.”
CZ likely refers to Elon Musk here, suggesting that the downturn will eventually end and markets will recover.
Experts’ Cryptocurrency Predictions
While BTC hovers around $88,000, investors remain uncertain due to sudden drops in price. As Trump negotiates tariffs, unexpected rules have been implemented, with more expected in April. Additionally, strong volatility is anticipated to persist in March.
Analyst known as ANBESSA made the following remarks in a recent assessment:
“Embrace the LTF pain, keep your macro in check. The target of $75,000 has exceeded by $3,000. A bad whale cartel.”
“There might be one more chance; however, a weekly close above $87,178 will be the first strong signal, and reclaiming $94,000 will be the second signal. I think we will see $110,000 in the second half of this year.”
Bob Loukas suggests that the ultimate bottom could be seen soon.
“If we ignore Sunday’s Bitcoin pump/dump, we still have a typical cycle bottoming model. I want to see today’s low and for stocks to finally rise. They are also oversold.”
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
