#BTC & ETH Market Analysis

Analysts Explained: How Much Could Bitcoin Price Drop at Most in April 2025?
The price of Bitcoin has faced a deep correction risk, losing over 6.5% in value in the last two days. After rising to the 88,000 level at the beginning of the week, Bitcoin is currently in a serious downward trend.
Market downturn and Bitcoin liquidity loss
According to TradingView data, the price of Bitcoin fell from the level of 87,500 on March 28 to 81,900 on March 29. This decline came amid uncertainties regarding Trump's trade tariffs and negative economic data.
In the US, the Personal Consumption Expenditures Index for February came in higher than expectations at (PCE). While the monthly and annual PCE data were in line with market expectations, the core PCE data exceeded expectations by 0.1%.
Additionally, the comprehensive US taxes that will come into effect on April 2nd are referred to as (Freedom Day) which has also heightened concerns in the market.
In the last 24 hours, a total of 338 million worth of liquidations occurred in the cryptocurrency markets. Specifically for Bitcoin, over 165 million in long positions were liquidated between March 28-29.
Liquidity zones and short-term outlook
It shows that there has been intense buyer interest in Bitcoin in the range of 70,000-80,000 in the last six months. This means that Bitcoin could decline to this range and then provide a sustainable recovery.
According to analyst Stockmoney Lizards, Bitcoin could form a local bottom in the range of 82,000 to 80,000 in the short term. However, there are significant liquidation levels for large short positions above 88,000. This could be a signal for a potential recovery that may occur next week.
Bear flag formation on the Bitcoin chart and possible drop to the 62,000 level
From a technical standpoint, Bitcoin's price drop on March 29 is part of a prevailing bearish flag formation. This formation indicates that selling pressure in the market is likely to continue.
The drop below the important support levels of 85,800 and the 200-day simple moving average (SMA) indicates that the bearish flag has been broken and further losses may occur.
The measured movement target of this formation indicates a drop to the level of 62,000. In summary, this means a 25% drop from the current levels.
Analysts' opinions
Michael van de Poppe, the founder of MN Capital, states that the trend is downward and that the likelihood of retesting the level of 76,600 is high.
Capital Flows predicts that Bitcoin could drop to the range of 72,000-75,000 if liquidity conditions do not change.
Experienced trader Peter Brandt believes that after the confirmation of the bearish hammer formation, Bitcoin will move towards the 65,635 level.
Bitcoin is looking for a strong recovery signal to break the current downtrend and move to higher levels. However, current technical indicators and overall market uncertainties suggest that there is a high risk of the price declining further.