Key Takeaways
- Bitcoin hit a low of $79,540 for the first time since November on the 28th of February, 2025, following its ongoing bearish trend.
- Macroeconomic uncertainties and disappointment surrounding the delay in the rollout of crypto-friendly policies are considered key reasons behind Bitcoin’s bear run.
- Even with all this, BTC is expected to reach a high of $180K by the end of 2025.
Bitcoin Plummets Below $80K
Bitcoin has seen a sharp correlation ever since it hit the all-time high of $109,114. This happened on the 20th of January, 2025. Since then, the coin has registered a significant drop in its value. Everyone thought this drop would stop once the coin hit the $90K mark, which happened to be the previous support level for the coin. Unfortunately, it didn’t and went down below $90K, resulting in an unprecedented bearish rally.
During this rally, Bitcoin has hit a low of $79,540 for the first time since November on the 28th of February, 2025. This happened amid all the unpredictable and unclear broader economic factors like interest rates, inflation, and global political events. The 2.75% decline in the coin’s price over the past hours has also prompted many long-term investors to liquidate their holdings.
Is $70K On The Menu For Bitcoin?
Famous crypto trader dmac told via her X post that “dip buyers are smoked. I still see $70K as the target.” Other influencers like Mandril also conveyed that this a possible scenario by commenting that “If you like $80K, then you’re gonna love $70K Bitcoin.” Still, the fact remains that Bitcoin hasn’t touched this mark since its surge following the US presidential Election and Trump’s subsequent victory.
Even though most of them seem in favor of BTC hitting $70K, data from Polymarket shows that the community is split almost in half on whether BTC will rebound or drop after its current position. They further said that there is a 50/50 chance for either scenario, especially taking into account the volatility and unpredictability of the crypto market.
Macroeconomics & Other Regulatory Factors Behind BTC Fall?
Many crypto enthusiasts pointed out that macroeconomic uncertainties and the related lack of clarity are two of the key reasons behind BTC’s downfall in the market. This is justifiable when taking into account Donald Trump’s tariff proposals in early February, which resulted in a market collapse during that time.
In addition to this, there is disappointment surrounding the delay in the rollout of crypto-friendly policies. This can also be considered a key factor in the growing downfall of the original cryptocurrency. It can be concluded that once you take into account the market chart, especially the ones that are associated with Trump and other political figures.
Bitcoin’s Current Market Performance & Future Outlook
BTC is the most prominent and promising coin in the market. As of 28th February 2025, the coin is ranked #1 on its market capitalization, estimated to be $1.57 trillion with just a circulating supply of 19.83 million tokens. The coin is currently trading at $79,742, registering a downtrend of almost 8% from the previous day.
Per various market analysts and technical indicators, the coin is expected to reach a high of $180K by the end of this year. This is calculated excluding the growing interest of the US States to start a Bitcoin Reserve. If these get approved, then the $180 mark means nothing. It could very well shoot past $200k.
Is It The Best Time To Buy The Dip?
If we look at the historic chart of the original crypto, we can say that most of the major dips were followed by a sharp uptrend, which pushed the coin to great heights. This is especially true when we look at the 2021 charts. It showed the original crypto plummeting from a high of $51K to $31K, after which it went to an all-time high (at that time) of $65K.
This rapid fall from high places and subsequent comebacks have allowed a lot of traders to make a profit from it. This fact, combined with almost certainty that Bitcoin will rise again, is prompting many crypto investors to do exactly that, and there is a 90.7% chance that it might work.
However, prices could fall further than they are now due to the high volatility in the crypto market. This could result in a reduced profit loss on your part if you are not certain when to enter the market. So, if you’re considering the same, make sure to conduct extensive research before proceeding. For further updates regarding the matter, stay tuned.
