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Bitcoin at $82K: Analysts flag $75K support, a break could trigger a fall to $63K

Bitcoin at $82K: Analysts flag $75K support, a break could trigger a fall to $63K

CoinEditionCoinEdition2025/03/11 16:00
By:Lipika Deka

Bitcoin risks dropping to $63K if support at $75K–$78K fails, per CryptoQuant. Regulatory pressure, including IMF restrictions in El Salvador, fuels bearish sentiment. Traders remain divided, with some fearing volatility while others see opportunity.

  • Bitcoin risks dropping to $63K if support at $75K–$78K fails, per CryptoQuant.  
  • Regulatory pressure, including IMF restrictions in El Salvador, fuels bearish sentiment.
  • Traders remain divided, with some fearing volatility while others see opportunity.

Bitcoin could drop to $63K if the crucial $75K–$78K support range fails, CryptoQuant analysts warn . This level, the Realized Price minimum band, has historically held firm, but a breakdown could trigger further downside pressure on the market.

CryptoQuant’s warning comes as market uncertainty grows, fueled by a mix of regulatory concerns and macroeconomic factors. The IMF’s pressure on El Salvador’s Bitcoin adoption raises questions about broader institutional resistance. 

Adding to the bearish mood are ongoing global sanctions and regulatory crackdowns, which are impacting Bitcoin’s short-term trajectory.  

Mixed Signals for Bitcoin’s Price

Despite these challenges, Bitcoin remains resilient at $82,481 . Market sentiment, however, appears divided, with some traders bracing for a deeper pullback while others view the volatility as an entry opportunity.  

BitMEX co-founder Arthur Hayes believes a correction to $70,000 is possible before BTC resumes its uptrend. He views this as a typical bull market pullback, pointing out that Bitcoin has historically faced 30-40% corrections before hitting new highs. 

Related: El Salvador to IMF: Bitcoin Buys To Continue Despite Loan Terms

Hayes previously flagged the rising open interest in derivatives markets, particularly options contracts between $70,000 and $75,000, as a volatility warning sign.

Long-Term Bullish, Short-Term Cautious

Long-term, Hayes is still a Bitcoin bull. He predicts BTC will bottom out and then surge as central banks move to stabilize the financial system. He believes Bitcoin could even hit $1 million in the long run, driven by the collapse of fiat liquidity. Short term, it’s a different story.

Related: BitMEX’s Arthur Hayes Spots Red Flags in Bitcoin Reserve Plan

The key question now is how deep Bitcoin’s correction will go. If BTC holds above $75K, it could signal resilience and fuel a swift rebound toward $85K–$90K. However, if the selling pressure intensifies, $63K could become the next major downside target, matching CryptoQuant’s realized price lower band.

As always, while institutional interest, regulatory changes, and macroeconomic shifts drive market focus, traders should closely monitor key technical levels.

Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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