Will Bitcoin Hit The $75,000 Mark By March?

It has been a few days, and BTC has been dipping. What looked like a promising year after breaking the $100,000 mark, BTC is looking to hit a sharp low. In just a few hours, the price took a sharp dive and is currently resting at $91,180.

This 10% drop in the overall pricing in just 24 hours has made the community wary and cautious of the next move. Everyone is asking the same question: ‘What happens next?” or, “What happens if the pricing falls to $75,000?”

Well, let us see what happens next or if this dip is possible.

Why Is BTC At Risk? 

As per recent data shared by Derive.XYZ platform, there is a 22% chance that this might be a reality. The company predicted that this could happen by March 28th. As a result, it is a real risk that everyone is anticipating.

The US has currently painted a huge target on its back with its autocratic decision to raise the tariff by 25% and 10% to protect American trade and compel Canada, Mexico, and China to take the onus of their promises.

This can lead to a financial catastrophe that might even affect the BTC. In case of a trade war, the interest rate for banks and other financial institutions might rise at breakneck speeds, which affects the transaction ecosystem.

Therefore, BTC is currently one of the riskiest investments. There is currently a 22% chance that BTC will hit the 75k mark in a few months. As a result, things look dire.

World On The Verge Of Trade War 

Trump and the White House have presented this decision as a part of their diplomatic ploy to combat unauthorized immigrants and Fentanyl smuggling. However, Canada, Mexico, and China have stated that this order is equivalent to ‘betrayal’. 

As a result, the trio has taken countermeasures to combat this unprecedented tariff rise. In response to the US tariff surge, Canada has imposed a 25% tariff on all US goods. Subsequently, China has taken matters to court and filed a complaint against the US at the WTO or World Trade Organization.

Expert Opinion On The Matter 

Experts have presented a mixed-bag reaction to the whole deal. While some believe that things are not that serious, platforms like Derive believe otherwise. Experts at Derive have clearly said the following. 

“The recent tariffs imposed by Trump, including 25% on imports from Mexico and Canada and 10% on Chinese goods, are likely to lead to increased inflation, which could dampen investor sentiment in crypto markets.” 

Therefore, the market could fall further, and BTC could go as low as $75K in the upcoming months.

The Closing: Means To Save Your Investment 

There is very little that can be done. Investors looking to salvage need to develop a unique solution to minimize their losses. One such means is to diversify the crypto assets. Secondly, investors should start observing elements like RSI and MACD to understand the movement.