Bitcoin's price has dropped over 6.5% in two days, from a high of $87,500 on March 28 to a low of $81,900 on March 29. This decline coincides with a broader market sell-off influenced by uncertainties regarding U.S. trade tariffs and disappointing economic data. The cryptocurrency market saw liquidations totaling $338 million during this period, with Bitcoin alone wiping out over $165 million in long positions. Analyst Stockmoney Lizards notes that a local bottom may form between $82,000 and $80,000. Bitcoin's recent price action indicates a classic weekend correction pattern, suggesting a possible reversal next week. However, a bear flag pattern signals continued bearish momentum, with potential targets as low as $62,000. Experts including Michael van de Poppe and macro analyst Capital Flows predict further downward movement, emphasizing the possibility of retesting lows before any upward trends can commence.

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