news 
Bitcoin Sees Brutal Start to April, Analysts Expect Lower Dip Targets to $60,000 on the Horizon
The month of April has gotten off to a brutal start for Bitcoin (BTC) investors. The price of BTC fell below $80,000 in just under 24 hours, leaving many wondering what’s next for the cryptocurrency.
Experts are now predicting that the downward trend could continue, with some analysts even suggesting that we may see a drop as low as $60,000 on the horizon. This prediction comes after the Bitcoin price chart hit a triangle target, leading to a downside breakout.
As observed from recent tweets by seasoned traders and crypto enthusiasts, it appears that many experts are of the opinion that the downward movement of the BTC price is not yet over. In fact, according to their responses, most analysts believe that the price of BTC will likely fall within the range of $72,000 to $73,000 next.
However, a smaller but still significant group of seasoned traders believe that we may see an even more drastic drop in the near future, potentially as low as $60,000. Despite this bleak outlook, these experts are confident that the downward pattern will eventually lead to a breakout, ultimately resulting in the Bitcoin price reaching targets between $116,000 and $125,000.
As news continues to unfold about the global financial markets, including Trump’s ongoing tariff announcements and massive liquidations in the US stock market, it remains uncertain how these developments will affect the cryptocurrency market.
Source: https://cryptonewsland.com/brutal-start-to-april/
