Bitcoin continues the march of decline .. These are encrypted currency expectations

Bitcoin currency price decreased to below 90 thousand dollars, so that the cryptocurrency continued to do so from its highest record level that it recorded last month in January, where it weighs economic uncertainty, such as investors in the largest encrypted currency in the world, according to the American “Investobide” platform.

Why did Bitcoin decrease?

Bitcoin price, which decreased below 86 thousand dollars earlier in the day before recovering again to about 89,000 dollars recently due to news stating that the customs duties imposed by the Trump administration on Mexico and Canada would go forward as planned.
Also read: Sudden reverse winds may land at Bitcoin in 2025 .. Know the risks

Customs and encrypted currencies

Investors usually view customs duties as inflationary, which may thwart any possible discounts in interest rates this year, a step that would burden the uninterrupted assets such as bitcoin.

Bitcoin expectations in March

Looking at the future, March is a historic month of mixed month for Bitcoin, as the cryptocurrency has recorded equal amount of positive and negative revenues for the month between 2013 and last year 2024, according to data from the Coptic Currency Analysis website “Queen Glass”.
Bitcoin has decreased by 5 % since the beginning of the year, but it has been 25 % high since the US presidential election amid hopes that the White House led by Trump and Congress supporting encrypted currencies will adopt policies that support the asset category.
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Bitcoin sale wave

Analysts say that the Bitcoin BTC declined amid a large wave of sale in the market, while traders continue to address the results of penetration last week, which resulted in the theft of $ 1.5 billion from Ethereum from the Bay Beit trading platform.
Bitcoin incurred the largest share of the outflows over the past week, investors withdrawn $ 571 million, and traders went to hedge against potential declining risks, amid the urgent uncertainty in the market.
And the United States of America made these outward flows, registered with the reluctance and exit of the money of $ 560 million.

Will Bitcoin go up again?

Bitcoin price continued to decline, after achieving two price summits in January and February 2025.
More sale may be at the bottom of the support line to drop the price to the level of $ 80400 in the beginning, but the next decisive support level that must be monitored at about $ 74,000 remains.
But the recovery of the encrypted currency to the 98500 dollar level may provide the support that the cryptocurrency needs now to resume the rise.
Finally, the penetration of the previous price may refer to the re -test of the level of $ 106,000.