Bitcoin Tumbles Around $80,000, Experts See $60,000 Floor If BTC, ETH, XRP Continue Downtrend
Crypto experts weighed in on Bitcoin‘s (CRYPTO: BTC) price drop below $80,000 on Thursday, predicting potential price bottoms for major cryptocurrencies amid ongoing economic uncertainty.
Michal Pospieszalski of SwissFortress told Benzinga that Bitcoin could find a floor between $60,000 and $65,000 if it falls below $70,000, while Meg Lister of Gitcoin Labs cautioned that pinpointing a bottom remains challenging and could extend into the coming months, depending on U.S. economic policy shifts.
Bitcoin on Thursday made a low of $79,940, trading down 2.5% over the last 24 hours, triggering liquidations of $209.5 million, of which longs worth $133.4 got liquidated.
Pospieszalski attributed Bitcoin’s decline to broader economic unease and political rhetoric, particularly following comments from President Donald Trump that have heightened market nervousness.
He remains optimistic, however, stating, “Unless we see a sustained downturn with lower lows and weaker recoveries, …
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