Bitcoin decreased to $ 80,000 in “Start Ugly”, it can re -test the main resistance: Hayes

Bitcoin prices continued to decline during the weekend and decreased to a little more than $ 80,000 on March 10, as an analyst described it as an “ugly start” for the week.

It looks like bitcoin (BTCArthur Arthur Hayes said in a decrease in assets. “If it fails, $ 75,000 is the next in Crosshairs,” is, it is Add.

Also note that there are a lot of Bitcoin open -use options in the 70,000 dollars to $ 75,000. “If we enter this range, it will be violent,” he said.

Open benefit is the number or theoretical value of the endless BTC options contracts. According to Dreibit DataThere are $ 696 million in OI at the price of the strike of $ 70,000, 659 million dollars at a price of $ 75,000 and 680 million dollars at $ 80,000 while speculators are betting on the original.

Bitcoin has decreased by more than 5 % over the past 24 hours, reaching 80,124 dollars before a simple recovery of trade at $ 81,395 at the time of writing this report.

The original was very volatile during the past two weeks, as it has risen between 80,000 dollars and 95,000 dollars on various news reports related to the commercial tariffs and the White House Encryption.

In late January, Hayes expected Bitcoin to return to $ 75,000 before reaching $ 250,000 in this course. “At least my predictions may be wrong. He said at that time.

A month later, he said that Bitcoin is a “city of impurity”, Prediction The original can decrease to $ 70,000 as large hedge boxes relax their ETF positions. The original decreased to its lowest level in 2025 on February 28 when it fell to the $ 78,000 region, and it appears to be heading there.

The 10x Market Research Company called “Correcting School Books” in a memorandum on March 10.

“With bitcoin drop to less than 80,000 dollars, nearly 70 % of all the sale of investors who bought during the past three months,” analysts noted before adding that this highlights “the dominance of new arrivals on their decline.”

Related to: Other Bitcoin Slices 3 % – Is the BTC price for $ 69,000 after that?

Meanwhile, the Bitcoin Fear & Greed Index She fell In “extreme fear”, with reading 20 on March 10.

Fear of bitcoin and greedy index is 20. Extreme fear
Current price: 80,602 dollars pic.twitter.com/f5w1P1kne

Bitcoin Fear and Greed (Pitcoinfear) Index March 10, 2025

The volatility may continue this week as two main inflation reports in the United States are approaching, which may affect the Federal Monetary Reserve policy if inflation continues to increase.

This comes at a time when Canada responded with revenge definitions on its own, as the liberal party elected a new president, the former Central Mark Carney banker. In his speech on victory on March 9, Carney Trump, who imposed a tariff on Canada, attacked: “The Americans must make any mistake … in trade, as in hockey, Canada will win.”

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