Bitcoin: A Drop To $72,000 Becomes Plausible According To An Analyst

The volatility of bitcoin is resurfacing. After a peak beyond 84,000 dollars, the cryptocurrency dropped by 3.5% in a few hours. This pullback fuels fears of a return to 72,000 dollars, a scenario that seemed unthinkable not long ago. The cause: uncertain macroeconomic liquidity conditions, which weaken risky assets. Some analysts believe that the market could enter a critical phase, where the evolution of monetary policies and investors’ appetite for risk will be decisive.

A warning signal on global liquidity

The bitcoin market is undergoing a phase of turbulence. After a sharp rejection at the exponential moving average of 200 days, sellers have taken control, resulting in a drop below 84,000 dollars.

This correction is set against a broader context, marked by a worrying evolution of macroeconomic liquidity conditions. Analyst Capital Flows indicates on March 27, 2025, on the social network X (formerly Twitter) that if these conditions do not improve, bitcoin could plunge between 72,000 and 75,000 dollars.

Several elements explain this threat of correction:

• The contraction of global liquidity: less capital flows towards risky assets, which reduces investors’ interest in bitcoin;
• An increasing correlation with traditional markets: BTC is now perceived as a risky asset, just like stocks;
• The return of investors to safer investments: with interest rates still high, bonds and other low-risk investments attract more capital;
• A bearish technical signal: the rejection of bitcoin below its key moving average strengthens the possibility of a continued decline.

The analyst emphasizes that although the global money supply continues to increase, this does not necessarily mean that flows into bitcoin will follow. As long as the appetite for risk does not revive, the cryptocurrency could see its bullish momentum compromised.

Divergent perspectives: towards a drop or a rebound?

If the current decline raises fears of a return to 72,000 dollars, other signals may suggest an opposite momentum in the short term.

Some experts are indeed observing an increase in the global M2 money supply, an indicator that has historically correlated with Bitcoin movements. Indeed, Colin Talks Crypto, a recognized analyst in the industry, specifies on March 27 on the X platform that this trend would indicate a possible recovery of bitcoin around May 1, with a bullish cycle that could last several months.

However, it will all depend on BTC’s ability to hold certain critical technical levels. Trader Crypto Chase estimates on March 28 on X that the situation is a real problem, and warns that bitcoin must hold above 85,270 dollars to avoid a new bearish wave.

“If it fails, I will look for a short on a retest, which would target liquidity around 80,000 dollars,” he specifies. In other words, the market is evolving on a razor’s edge where every movement will be scrutinized closely.

Between a possible correction towards 72,000 dollars and a potential rebound fueled by the expansion of the money supply, the situation remains uncertain. The Federal Reserve of the United States and other central banks will play a decisive role in market direction through their decisions on interest rates and monetary policy. In this tense environment, investors should expect increased volatility, where bitcoin could quickly oscillate between hope and uncertainty.