How low is Bitcoin price?

Bitcoin (BTC) prices have fallen more than 6.5% over the past two days since it rallyed to $88,000 at the beginning of the week.

Cointelegraph Markets Pro and TradingView data show that Bitcoin prices have fallen from a high of $87,500 on March 28th to a low of $81,900 on March 29th.

The price drop in Bitcoin coincides with a market-wide drawdown driven by Trump's trade tariffs and uncertainty over poor economic data. Subsequent sale of shares has led market participants to wonder how deep the drawdown will be.

Bitcoin wipes tumble liquidity to $81,000

BTC continued to increase its losses on March 29, falling 3% over the past 24 hours, slightly above $82,000.

Key Points:

BTC prices have dropped low at $81,983 on BitStamp, wiping out all profits since the beginning of this week.

This came when US inflation data was higher than expected.

Reading the US Personal Consumption Expense (PCE) index in February showed faster inflation, in contrast to printing in January.

Monthly and year-on-year PCE Tally met market expectations of 0.3% and 2.5% respectively, while both core PCE equivalents were 0.1% higher than expected.

Next week's massive US tariff implementation – the so-called release date on April 2nd – also complicating investor concerns across the market.

The 24-hour crypto market liquidation reached $338 million per data on monitoring resource Coinglass.

Bitcoin wiped out its strengths of over $165 million between March 28th and March 29th.

Additional data from Coinglass showed a focused band of buyer interest within the $70,000 to $80,000 over the six-month time frame.

This suggests that Bitcoin prices will drop further and stage a sustained recovery before sweeping out liquidity within this range.

In the short term, Bitcoin appears to have taken out “a lot of liquidity,” with the local bottom sitting within the $82,000 and $80,000 range, according to analyst Stockmoney lizard.

With a massive short liquidation level above $88,000, analysts said Bitcoin may be experiencing a possible reversal next week and a classic weekend fix.

“A typical weekend dump in next week's reversal? At least this is a possible scenario.”

Related: Bitcoin prices are heading towards lower range, but data shows that it's “wild now”

Bitcoin Bear Flag Shows a hint of $62,000

From a technical standpoint, the price drop in BTC on March 29 is part of its general bear flag pattern.

Key Points:

The bear flag suggests that the seller takes control and continues its bearish momentum.

A temporary integration (FLAG) formed close to $88,000, marking the failure of a breakout attempt.

Bitcoin went below the main support level, including the flag's lower boundary, at $85,800 on the 200-day Simple Moving Average (SMA).

This confirmed a breakdown in the bear flag and pointed to more losses.

The measured moving target from the pattern suggests a potential decrease to $62,000, representing a 25% decrease from current levels.

The relative strength index falls below the midline, enhancing the bearish momentum.

Michael van de Poppe, founder of MN Capital, argued that Bitcoin is likely to likely increase further downward momentum as trends remain low. He adds that the price could be retested at $76,600 for lows “before it returns to top.”

It seems important to see even more downward momentum in the #bitcoin market.

Trends are still low and low.

Would you like to test it on a low pressure before reverse the backup? pic.twitter.com/8ulljqogrh

– Michael Van de Poppe (@cryptomichnl) March 28, 2025

However, according to Macroeconomic Market Analyst Capital Flow, Bitcoin can be revised to regions ranging from $72,000 to $75,000 if liquidity conditions remain unchanged.

Meanwhile, veteran trader Peter Brandt believes Bitcoin is on the path to $65,635 after seeing the “bear wedge” pattern.

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.