Bitcoin's price has seen a significant drop of over 6.5% within two days, moving from a high of $87,500 on March 28 down to an intra-day low of $81,900 on March 29. This decline coincided with a broader market sell-off influenced by uncertainties regarding trade tariffs and negative economic data. Major liquidations occurred within the cryptocurrency market, with Bitcoin losing over $165 million in long positions. Analysts note intense buyer interest in the $70,000-$80,000 range, suggesting a possible liquidity sweep before any recovery. Technically, the price movement fits a bear flag pattern, which indicates a continuation of bearish momentum, pointing toward a potential decline to $62,000, though some analysts predict a test of lower levels around $76,600 before any upward reversal.

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