Top Analyst’s BTC Price Outlook: Three Scenarios Point Higher Despite Drop
- Bitcoin dips below $75k from tariff concerns; trades ~$77k, down 8% weekly
- Analyst Egrag Crypto stays bullish, outlines $97k-$177k+ BTC cycle scenarios
- Context: Egrag’s bullish cycle view clashes with current bearish technical signals
Bitcoin’s price saw significant turbulence this past week, sliding under the $75,000 mark for the second time recently. It currently trades around $77,087.10—down 3% in the last 24 hours and 8.16% over the past seven days.
This volatility comes as global financial uncertainty grows, partly linked to the United States imposing a steep 104% tariff on Chinese goods under President Donald Trump’s administration. Markets reacted with broad sell-offs, pulling down risk-on assets including virtual currencies.
#BTC -We Are Still in a Bull Run-ONLY FEW
— EGRAG CRYPTO (@egragcrypto) April 9, 2025
As long as #BTC is trending above the 21 EMA, there’s no need to worry!
Here are three scenarios for #BTC:Retracement:
The peak was $109K, and #BTC may retrace to Fib 0.702 ($97K). During this phase.
Egrag Crypto: “We Are Still in a Bull Run”
Well-known market analyst Egrag Crypto ap…
The post Top Analyst’s BTC Price Outlook: Three Scenarios Point Higher Despite Drop appeared first on Coin Edition.
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Top Analyst’s BTC Price Outlook: Three Scenarios Point Higher Despite Drop
- Bitcoin dips below $75k from tariff concerns; trades ~$77k, down 8% weekly
- Analyst Egrag Crypto stays bullish, outlines $97k-$177k+ BTC cycle scenarios
- Context: Egrag’s bullish cycle view clashes with current bearish technical signals
Bitcoin’s price saw significant turbulence this past week, sliding under the $75,000 mark for the second time recently. It currently trades around $77,087.10—down 3% in the last 24 hours and 8.16% over the past seven days.
This volatility comes as global financial uncertainty grows, partly linked to the United States imposing a steep 104% tariff on Chinese goods under President Donald Trump’s administration. Markets reacted with broad sell-offs, pulling down risk-on assets including virtual currencies.
#BTC -We Are Still in a Bull Run-ONLY FEW
— EGRAG CRYPTO (@egragcrypto) April 9, 2025
As long as #BTC is trending above the 21 EMA, there’s no need to worry!
Here are three scenarios for #BTC:
Egrag Crypto: “We Are Still in a Bull Run”
Well-known market analyst Egrag Crypto ap…
The post Top Analyst’s BTC Price Outlook: Three Scenarios Point Higher Despite Drop appeared first on Coin Edition.
Read More
Glassnode Explains: Absence of LTH Losses Key Factor Delaying BTC Bear Market