Bitcoin 
$78,680 started the week with a substantial decline, falling below the $80,000 mark. In the last 24 hours, the largest cryptocurrency lost about 4% of its value, signaling a drop due to selling pressure in the global stock markets and statements from U.S. President Donald Trump. Market data indicates that over $750 million in positions have been liquidated in the cryptocurrency market within the past 24 hours. Experts warn that Bitcoin may test the $75,000 level in the short term.
Why is Bitcoin Falling?
The recent drop in Bitcoin’s price is linked to economic uncertainty statements made by President Trump and the “Strategic Cryptocurrency Reserve” executive order. Although the executive order signed last Thursday anticipated purchasing Bitcoin without utilizing state budget resources, the lack of concrete steps has disappointed investors. This has led to Bitcoin’s price falling below $80,000 and an increase in liquidations.
Data from Coinglass shows that $190 million worth of long positions in Bitcoin were liquidated. In Ethereum 
$2,316 and other altcoins, losses exceeded $175 million in long positions. Analysis from IntoTheBlock indicates that trading volumes among major investors (whales) have dropped by 33% in the past week. This decline signals that the overall market downturn could deepen in the short term.
What Are the Expectations for Bitcoin’s Price?
Experts suggest that if Bitcoin remains below the $80,000 mark, it could decline to as low as $75,000. They believe this level is a critical support point, and if bearish pressure continues, a drop to $64,000 could occur. However, under a bullish scenario, maintaining above $80,000 and breaking the resistance line could propel BTC to the $90,000 level.
For the cryptocurrency market to recover, clarity on regulations and a reduction in the impacts of Trump’s trade policies are necessary. An increase in demand for risk assets in global markets could help Bitcoin enter a rising trend again. However, in the short term, technical indicators suggest that sellers are dominant, and the decline may continue for a while.
