The Bitcoin (BTC) price has dropped by over 6.5% in the last two days after collecting up to USD 88,000 at the beginning of the week.

Data from CointeLraph Markets Pro i TradingView shows that the price of Bitcoins dropped from the highest USD 87,500 on March 28 to the lowest level of USD 81,900 on March 29.

The cost of Bitcoin prices coincides with the uncertainty market for Trump trading tariffs and bad economic data. The sale of shares resulting from this meant that market participants are wondering how much it can deepen.

Bitcoin erases liquidity in a fall to USD 81,000

BTC continued the growing losses on March 29, which is 3% in the last 24 hours to trade slightly above USD 82,000.

Key points:

• The BTC price has dropped to USD 81,983 per BitStamp, removing all the benefits of this week.

• This was when inflationary data in the US appeared hotter than expected.

• February expenses for personal consumption in the USA (Pce) Reading the index showed the acceleration of inflation – as opposed to the January print.

• While month to month to year, Pcy met market expectations 0.3% and 2.5%, respectively, their basic PCE equivalents were 0.1% higher than expected.

• The implementation of American tariffs on a wide scale next week-so called the Liberation Day on April 2-on the way it intensified the fears of investors in the markets.

• 24-hour liquidation of the cryptocurrency market reached $ 338 million, for data from the monitoring of Couminggass resources.

• Bitcoin destroyed over $ 165 million in long positions between March 28 and March 29.

• Additional data from Coumingss showed intensive range of buyers in the range from 70,000–80,000 USD in a six -month time.

• This suggests that the price of bitcoins may fall on to sweep liquidity in this range before maintaining a indefinite recovery.

In a low period, it seems that Bitcoin has pulled out a lot of liquidity, and the local bottom is in the range of 82,000 and 80,000 USD, according to lizards, Analyst Stockmoney.

Analyst with main low liquidation above USD 88,000 he said The fact that Bitcoin can experience classic weekend correction with possible reversal next week.

“A typical weekend drop with reversal next week? At least it is a possible scenario.”

Related: The price of bitcoins falls towards low range, but the data show that “whales are crazy now”

Bitcoin Bear Flag indicates $ 62,000

From a technical point of view, a decrease in BTC prices on March 29 is part of its dominant Bear Flag pattern.

Key points:

• The bear’s flag suggests the continuation of the bear, and sellers take control.

• Fleeting consolidation (flag) formed nearly USD 88,000, which indicates a failed breakthrough attempt.

• Bitcoin broke below key support levels, including the bottom limit of the flag after USD 85,800 at a 200-day straight movable average (SMA).

• This confirmed the failure of the bear flag, indicating more losses.

• The measured goal of the movement from the pattern suggests a potential decrease compared to USD 62,000, which is a 25% decrease compared to the current level.

• The relative force indicator remains below the middle line, strengthening the trust.

The founder of Mn Capital, Michael Van de Poppe, argued that Bitcoin would probably be more rushing because the trend remains lower. He adds that the price can again check the minima at 76,600 USD “before returning up”.

It seems that it is necessary for us to see more momentum on the markets #Bitcoin.

The trend is still lower and lower.

Test in falls before going back? pic.twitter.com/8ulljqogrh

– Michaël van de poppe (@cryptomichnl) March 28, 2025

However, according to capital flows, Bitcoin macroeconomic market analysts may improve the region 72 000–75,000 USD if the liquidity conditions remain unchanged.

Meanwhile, a veteran trader Peter Brandt believes that Bitcoin is on the road to 65 635 USD after confirming the “bear wedge” pattern.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.