The price of bitcoins extended its decline on March 28, falling on the fourth day in a row to paint the lowest level of USD 83,387. The BTC (BTC) rejection reflected the Wall Street sales, where Dow closed 700 points below, next to the S&P 500 index, which fell by 112 points.

Sale of shares is widely attributed to investors growing worries about inflation after basic data of personal consumption consumption from February to 2.8% (enhance of 0.4% monthly), which was higher than expected.

The sale has been additionally strengthened by the market response to the newly downloaded “mutual tariffs” by US President Trump, which used a 25% tariff for “all cars that are not folded in the United States”.

The chances of the Bitcoin facilitate rally or the reflection of the sale probably decrease, because traders carefully guard on April 2, on the day on which Trump called the “Liberation Day”, which expected to be additional tariffs, including “pharmaceutical tariffs”.

The price of bitcoins has dropped to 65,000 USD?

According to the trader’s veteran Peter Brandt, Bitcoin can be on the road to 65 635 USD.

WX Social Post Brandt confirmed the completion of the “Bear Clin” and he saidIN

“Do not shoot at the messenger. Simply reporting what the chart says until he says something else. The Wedge bear finished 2x target from a double top for 65 635 USD.”

Crypto Trader “HTL-NL” agreed with Brandt, suggesting it Bitcoin failure In “breaking ice” a long -term decreasing line and confirmation of the bear’s wedge are proof that BTC aims to return to its range again.

From a purely technical point of view, it is challenging to predict a quick reversal in Bitcoin’s price, because many of his daily time indicators are not sold out. Despite the lack of sturdy demand on the market market in the current price zone, Crypto Trader Cole Garner says that “whales are crazy now.”

According to Garner, Bitfinex Spot BTC Margin misses a brief margin, which fired a powerful signal that shows a historical returns of 50%+ phrase “within 50 days”.

Related: US FDIC and CFTC regulators facilitates cryptocurrency limitations for banks, derivatives

In addition to daily price fluctuations, the positive development of the cryptocurrency industry still occurs on the regulatory front.

March 28 and the White House and Crypto Czar David Sacks praise FDIC and his acting chairman Travis Hill for clarifying the “process of engaging banks in cryptographic activities.”

Basically, the letter of the federal deposit corporation to the institution as part of its supervision presented clear guidelines regarding their ability to engage and provide products and services related to cryptographically without having to notify FDIC.

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.