The cryptocurrency market is experiencing significant sell-off pressure, with Bitcoin prices correcting once again and dragging altcoins like Ethereum, Solana, and Dogecoin into a bearish trend.
According to CoinMarketCap data:
- Bitcoin fell below $87,000**, risking the loss of its **$86,000 support level.
- Major altcoins also declined, erasing gains made during the previous weekend.
Key Factors Behind the Market Decline
Tokocrypto analyst Fyqieh Fachrur highlights three primary drivers:
- US Trade Policy Uncertainty
President Donald Trump's proposed auto tariffs (scheduled for April 2, 2025) sparked fears of renewed trade wars, increasing financial market volatility. - Institutional Risk Reduction
Large investors reduced exposure to risk assets ahead of the Personal Consumption Expenditures (PCE) data release—the Federal Reserve’s preferred inflation metric. - Macroeconomic Pressures
Broader economic conditions contributed to the sell-off, though long-term Bitcoin trends remain positive.
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Bitcoin's Resilience and Future Outlook
Despite the downturn, Fyqieh notes:
- BTC maintains above $85,000, signaling accumulation by major investors.
- A break above $88,000** could reignite bullish momentum, with **$90,000 as the next resistance level.
"Market volatility may persist until stability returns, but accumulation trends suggest untapped growth potential."
— Fyqieh Fachrur
Investor Recommendations
- Monitor Policy Developments: Global trade policies significantly impact crypto markets.
- Track Technical Indicators: Key levels like $85K (support) and $90K (resistance) are critical.
- Adopt a Long-Term Perspective: Short-term fluctuations shouldn’t overshadow Bitcoin’s upward trajectory.
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FAQs
Q: Should I sell my altcoins during this downturn?
A: Not necessarily. Evaluate each project’s fundamentals—quality altcoins often recover post-correction.
Q: How low could Bitcoin drop?
A: If $85K support breaks, the next level is ~$82K. However, institutional buying may cushion falls.
Q: When might the market rebound?
A: Clarity on US tariffs and PCE data could trigger renewed confidence, potentially within weeks.
Originally published in Indonesian; translated and optimized for English audiences.
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