Bitcoin, Ethereum, XRP, Dogecoin Extend Decline: 'BTC At $80,000 By Mid-April?,' Trader Wonders

Cryptocurrency markets continued their slide on Wednesday following President Trump threatening to impose 25% tariffs on the European Union.

Cryptocurrency	Price	Gains +/-
Bitcoin BTC/USD	$84,252	-3.9%
Ethereum ETH/USD	$2,332	-6.0%
Solana SOL/USD	$135.15	-6.0%
XRP XRP/USD	$2.21	-3.3%
Dogecoin DOGE/USD	$0.2037	-2.8%
Shiba Inu SHIB/USD	$0.00001426	+1.7%

Notable Statistics:

• IntoTheBlock data shows large transaction volume increasing by 60.7% and daily active addresses growing by 17.1%. Transactions greater than $100,000 are up from 10,858 to 15,415 in a single day. Exchanges netflows are up by 640.8%.
• Coinglass data reports 156,830 traders were liquidated in the past 24 hours for $627.28 million.

Notable Developments:

• Bank Of America CEO Says Company Ready To Enter Stablecoin Business Upon Regulatory Clarity
• Robinhood CEO Tenev Remains Upbeat: ‘The Business Has Been Doing Tremendously Well’
• Robinhood CEO Vlad Tenev Slams Biden’s ‘All-Out Assault’ On Crypto, Says Company Is ‘Fortunate’ Under Trump Administration
• Bybit Hacker Launders Nearly 30% Of Hacked $1.4 Billion ETH In 5 Days — Needs Only 8-10 Days To Finish The Job
• Bitcoin Is ‘A Better Store Of Value Than Gold’ Says Expert As El Salvador, Metaplanet Buy-The-Dip

Top Gainers:

Cryptocurrency	Price	Gains +/-
KAITO KAITO/USD	$2.37	+41.3%
Story IP/USD	$6.69	+14.9%
Berachain BERA/USD	$7.32	+13.5%

Trader Notes: With prices retreating further lower, Master Kenobi wonders if Bitcoin could reach $80,000 by mid-April, noting that altcoins might outperform slightly during this local bounce.

ShardiB2 believes Bitcoin is approaching an oversold level similar to a past instance, suggesting it could bottom around $80,000, potentially front running the widely expected $70,000 level.

More Crypto Online states that Bitcoin remains in a correction with no confirmed low yet. The price is still below resistance, and a test of $82,900–$84,764 is possible, potentially after another resistance test.

$BTC: The price is still caught in the correction and no significant low can be confirmed at this stage. The price is still below nearest resistance and the area around $82,900 – $84,764 could be tested next, possibly after another test of resistance.#Bitcoin pic.twitter.com/XaqGbXm1gx

— More Crypto Online (@Morecryptoonl) February 26, 2025

Crypto trader WIZZ predicts Bitcoin will either bounce at $84,000 or briefly wick down to $67,000–$68,000 before being quickly bought up.

He expects a rapid recovery above $85,000–$90,000 and maintains a cycle top target of $119,000–$125,000.

Read Next: 

• Peter Schiff: Bitcoin’s Rally To $100,000 Is ‘Repayment’ By Trump To Crypto Supporters, But $50,000 May Be On The Cards

Image: Shutterstock