{"id":16976,"date":"2025-03-10T11:02:11","date_gmt":"2025-03-10T11:02:11","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16976"},"modified":"2025-03-10T11:02:11","modified_gmt":"2025-03-10T11:02:11","slug":"bitcoin-slips-to-80k-as-analysts-warn-of-ugly-start-to-the-week","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16976","title":{"rendered":"Bitcoin Slips to $80K as Analysts Warn of \u2018Ugly Start\u2019 to the Week"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Bitcoin continued its downward trend over the weekend, slipping to just above $80,000 on March 10, <\/span><span data-preserver-spaces=\"true\">in<\/span> <span data-preserver-spaces=\"true\">what<\/span><span data-preserver-spaces=\"true\"> analysts are calling<\/span><span data-preserver-spaces=\"true\"> a troubling start to the <\/span><span data-preserver-spaces=\"true\">week<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The decline has sparked concerns of further losses, with BitMEX co-founder Arthur Hayes warning that the asset could soon test key support levels.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cI<\/span><span data-preserver-spaces=\"true\">t looks like Bitcoin will retest $78,000,<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">Hayes <\/span><a class=\"editor-rtfLink\" href=\"https:\/\/x.com\/CryptoHayes\/status\/1898867933679616103\" target=\"_blank\" rel=\"noopener nofollow\"><span data-preserver-spaces=\"true\">wrote on X<\/span><\/a><span data-preserver-spaces=\"true\">, adding that <\/span><span data-preserver-spaces=\"true\">if the level fails,<\/span><span data-preserver-spaces=\"true\"> the next target would be $75,000.<\/span><span data-preserver-spaces=\"true\"> He also pointed to a significant amount of Bitcoin options open interest within the $70,000 to $75,000 range, warning that if the asset falls into that zone, it could result in heightened volatility and a sharp sell-off.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-ai-crypto-coins\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Best AI Crypto Coins to Invest in 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Options Market Signals Growing Concern Over <\/span><span data-preserver-spaces=\"true\">Bitcoin\u2019s<\/span><span data-preserver-spaces=\"true\"> Decline<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The options market reflects this concern. According to Deribit data, <\/span><span data-preserver-spaces=\"true\">there is<\/span><span data-preserver-spaces=\"true\"> $696 million in open interest at the $70,000 strike price, $659 million at $75,000, and $680 million at $80,000, suggesting that derivatives traders are betting against short-term price stability.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Bitcoin has dropped more than 5% in the past 24 hours, hitting a low of $80,124 before staging a modest recovery to $81,395 at the time of writing. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The asset has been highly volatile in recent weeks, fluctuating between $80,000 and $95,000 amid shifting market sentiment driven by trade policy changes and crypto-related announcements from the White House.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Arthur Hayes had <\/span><span data-preserver-spaces=\"true\">previously<\/span><span data-preserver-spaces=\"true\"> predicted that Bitcoin would revisit $75,000 before entering a long-term bull cycle that could push the asset toward $250,000. <\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">An ugly start to the week. Looks like <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">$BTC<\/a> will retest $78k. If it fails, $75k is next in the crosshairs. There are a lot of options OI struck $70-$75k, if we get into that range it will be violent. <a href=\"https:\/\/t.co\/q4cq0rthGJ\" target=\"_blank\" rel=\"nofollow\">pic.twitter.com\/q4cq0rthGJ<\/a><\/p>\n<p>\u2014 Arthur Hayes (@CryptoHayes) <a href=\"https:\/\/twitter.com\/CryptoHayes\/status\/1898867933679616103?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">March 9, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">In February, he warned that the market was heading for<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">goblin town<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">as hedge funds began unwinding their Bitcoin ETF positions. <\/span><span data-preserver-spaces=\"true\">Bitcoin\u2019s<\/span><span data-preserver-spaces=\"true\"> lowest point of the year came on February 28, when it briefly dipped into the $78,000 range\u2014a level it appears to be revisiting.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Market research firm 10x Research described the recent decline as a<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">textbook correction<\/span><span data-preserver-spaces=\"true\">\u201d <\/span><span data-preserver-spaces=\"true\">in a report published on March 10. <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The firm noted that roughly 70% of the selling came from investors who bought Bitcoin within the past three months, indicating that recent entrants to the market are panic-selling in response to the downturn.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Meanwhile, Bitcoin sentiment has turned increasingly bearish. The Bitcoin Fear &amp; Greed Index has plunged into<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">extreme fea<\/span><span data-preserver-spaces=\"true\">r<\/span><span data-preserver-spaces=\"true\">\u201d,<\/span><span data-preserver-spaces=\"true\"> registering a score of 20 on March 10, reflecting heightened market uncertainty.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/analysis\/crypto-forecast-best-crypto\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">10 Coins with High Returns: Crypto Forecast 2025<\/span><\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Investors Brace for Volatility Ahead of Key U.S. Inflation Reports<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">The coming <\/span><span data-preserver-spaces=\"true\">week<\/span><span data-preserver-spaces=\"true\"> could bring further turbulence as investors brace for two major U.S. inflation reports, which could influence Federal Reserve monetary policy. Rising inflation could prompt hawkish measures from the central bank, potentially adding more pressure to risk assets like Bitcoin.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Beyond economic concerns, trade tensions are also on the rise. Canada has imposed retaliatory tariffs after the Liberal Party elected former central banker Mark Carney as its new president.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">In his victory speech on March 9, Carney sharply criticized Donald <\/span><span data-preserver-spaces=\"true\">Trump\u2019s<\/span><span data-preserver-spaces=\"true\"> tariffs on Canada, stating,<\/span><span data-preserver-spaces=\"true\"> \u201c<\/span><span data-preserver-spaces=\"true\">Americans should make no mistake \u2026 in trade, as in hockey, Canada will win<\/span><span data-preserver-spaces=\"true\">.\u201d<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">EXPLORE:\u00a0<\/span><a class=\"editor-rtfLink\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/new-cryptocurrency\/\" target=\"_blank\" rel=\"noopener\"><span data-preserver-spaces=\"true\">Best New Cryptocurrencies to Invest in 2025<\/span><\/a><\/strong><\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h3 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h3>\n<ul class=\"nnbtc-key-takeaways__list\">\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Bitcoin slipped to just above $80,000, with analysts warning of further declines toward $75,000.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Options market data suggests traders are bracing for increased volatility as Bitcoin nears critical support levels.<\/span>    <\/li>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        <span data-preserver-spaces=\"true\">Macroeconomic uncertainty and trade tensions could <\/span><span data-preserver-spaces=\"true\">add further pressure on<\/span><span data-preserver-spaces=\"true\"> Bitcoin in the coming <\/span><span data-preserver-spaces=\"true\">week<\/span><span data-preserver-spaces=\"true\">.<\/span>    <\/li>\n<\/ul><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/bitcoin-slips-to-80k-as-analysts-warn-of-ugly-start-to-the-week\/\">Bitcoin Slips to $80K as Analysts Warn of \u2018Ugly Start\u2019 to the Week<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin continued its downward trend over the weekend, slipping to just above $80,000 on March 10, in what analysts are calling a troubling start to the week. The decline has sparked concerns of further losses, with BitMEX co-founder Arthur Hayes warning that the asset could soon test key support levels. \u201cIt looks like Bitcoin will [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16976","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16976","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16976"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16976\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16976"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16976"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16976"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}