Bitcoin (BTC) and Macroeconomic Uncertainty What’s Next? (27/2/25)

Jakarta, Pintu News – Bitcoin (BTC) has just hit its annual low of $86,888, marking a difficult period for the crypto market as a whole. With over $1.5 billion in liquidations in the last 24 hours, many are wondering, is it the right time to sell?

Prediction of Further Decline

Bitcoin (BTC), which was previously in the $90,000s, has now slipped to $86,888 on the Binance exchange, recording its lowest value this year. The drop is part of a massive sell-off in the crypto market, which was also triggered by the Solana-based meme coin (SOL). Geoff Kendrick, Head of Global Digital Asset Research at Standard Chartered, warned that Bitcoin (BTC) could still experience an additional decline of around 10%, which could push its price down to the $80,000s.

Kendrick added that while Bitcoin (BTC) has performed relatively well, the asset remains trapped in a massive market sell-off. This is compounded by the large outflows from spot Bitcoin (BTC) exchange-traded funds (ETFs), suggesting that it may not yet be time to buy.

Also Read: Solana (SOL) Market Sentiment Sluggish, Here’s the Latest Technical Analysis! (2/27/25)

Uncertain Macroeconomic Conditions

The current macroeconomic situation adds to the uncertainty in the crypto market. The decline in US government bond yields should give Bitcoin (BTC) an advantage, however, large outflows from spot Bitcoin (BTC) ETFs suggest that investors may still be hesitant to enter the market.

On the other hand, US President Donald Trump’s statement on new trade tariffs against Canada and Mexico that will take effect from March 4 also added pressure on risky assets such as cryptos. With equity markets expected to open lower, additional pressure is expected on risky assets, including cryptos. The Crypto Fear and Greed Index is currently at a five-month low of 25, signaling “extreme fear” in the market.

Bitcoin (BTC) Price Analysis and Predictions

Bitcoin’s (BTC) recent price drop is in line with the predictions of experienced crypto analyst Ali Martinez, who previously predicted that if Bitcoin (BTC) falls below $93,400, the asset could experience significant volatility.

While there are many warning signs indicating a decline in network activity, which could signal a lack of interest in this asset class, Bitcoin (BTC) continues to outperform traditional assets such as gold and stocks.

Conclusion: Not Time to Buy?

With all the pressure, it may not be the best time to buy Bitcoin (BTC). Investors are advised to monitor the market situation and wait until conditions are more stable before making an investment decision. Understanding the current market dynamics and anticipating possible price movements is key to making the right decision.

Also Read: Bitcoin (BTC) is heading towards $90,000, XRP and BNB are on the rise! (2/27/25)

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Not Time to Buy Yet: Bitcoin Faces Pressure as Standard Chartered Predicts Further 10% Drop. Accessed on February 26, 2025
• Featured Image: The image created by AI