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

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Zinger Key Points

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

CryptocurrencyPrice   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:

Top Gainers:

CryptocurrencyPrice   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.

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.

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