The potential withdrawal of Bitcoin to USD 70,000 may be an organic part of the current bull market, despite the fears of cryptographic investors regarding the early arrival of the bear cycle.
Bitcoin (BTC) has fallen by more than 14% over the past week around 80,708 USD after the investors were disappointed with the lack of direct federal investments of Bitcoins in the order of President Donald Trump of March 7, which outlined the plan to create the Bitcoin reserve using cryptocurrencies lost in government criminal matters.
Despite the decrease in the mood of cryptocurrency investors, global markets remain in the “Macro correction” within the bull market, according to Aurelie Barthere, the main research analyst on the Nansen Crypto intelligence platform.
BTC/USD, 1-month chart. Source: Cointelegraph
Most cryptocurrencies have broken key support levels, which makes it complex to estimate the next key price levels, the analyst said Cointelegraph, adding:
“This is a macro correction (American technology will fall by 3% in the future, as discussed), so we need to monitor BTC. The next level will be $ 71,000 – $ 72,000, at the top of the pre -election trade range. “
“We are still in the correction on the bull market: Actions and Krypto realized and valued prices; A period of tariff uncertainty and fiscal cuts, no Fed. There are fears of recession, “added the analyst.
Other analysts also warned that Bitcoin may feel a deeper departure in the “low range of USD 70,000, which can” be the basis for more sustainable recovery, “said CointeLraph Iliiya Kalchev from Digital Asset Investment NEXO Platform.
Related: Bitcoin Reserve Replash Signal Unrealistic industry expectations
36% Bitcoin correction to 70 thousand USD “Normal” on the bull market: Arthur Hayes
According to Arthur Hayes, co -founder of Bitmex and investment director Maelstrom, a potential withdrawal of Bitcoin to a psychological sign worth 70,000 USD still belongs to the regular price movement of the bull market.
Hayes wrote on March 11 x post:
“Be a fucking patient. $ BTC is probably around $ 70,000. 36% correction with 110 thousand USD ATH, V Normolor on the bull market. “
Source: Arthur Hayes
“Then we get the Fed, PBOC, EBC and BJ to re -make them a great country,” Hayes added, referring to quantitative soothing, monetary policy, in which central banks increase money supply, buying government bonds and other financial assets.
Related: Bitcoin can take advantage of the American domination domination
Quantitative flying was historically positive for the price of bitcoins.
The price of bitcoins has increased by over 1050% recently quantitative alleviation, from only USD 6,000 in March 2020 to USD 69,000 until November 2021 announced During the Covid-19 pandemic on March 23, 2020, buying assets worth over $ 4 trillion, such as the treasure.
BTC/USD, 1-week chart, 2020-2021. Source: Cointelegraph/TradingView
Analysts remained optimists as to the trajectory of Bitcoin prices at the end of 2025, and price forecasts ranged from USD 160,000 to over USD 180,000.
https://www.youtube.com/watch?v=puxcqdo30jo
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