Bitcoin price at crossroads between upside and downside…possibility of falling to $70,000

Amid ongoing global economic uncertainty, coupled with the recent hacking incident at the virtual asset exchange Bybit, Bitcoin (BTC) was pushed down to the $86,000 mark.
Since then, the price has fallen below $90,000 for the first time, and some analysts have said that the price of Bitcoin has reached a crossroads where it can either rise or fall.
There are also predictions that if the budget bill does not pass this year, Bitcoin may fall to $70,000. As of 9:55 a.m. on the 26th, the domestic Bitcoin price on the Bitcoin exchange rate (BTC) was
It was up 0.89% from the previous day to 127,599,000 won (about 13.31 million yen). At the same time, the overseas Bitcoin price based on CoinMarketCap was down 4.06% from the same time the previous day.
The previous day, Bitcoin had fallen below $90,000 for the first time in three months since November last year. By the morning of the same day, it had been pushed down to the $86,000 level.
However, the price has risen slightly and is trading at around $88,000. As the price of Bitcoin crashed, the scale of losses for investors also increased.
X (formerly Twitter) said, "The day before, the realized losses of short-term Bitcoin holders in one day surged to $23.4 million," and "The most recent peak was $38 million on the 3rd."
The reason for the sudden drop in Bitcoin is the growing economic uncertainty caused by the US tariff policy and the announcement of macroeconomic indicators, as well as the recent hacking of the virtual asset exchange Bybit.
This is being analyzed as a result of a series of negative factors. There are also predictions that the price of Bitcoin, a risky asset, may fall further if the associated risks are not resolved.
Hong Ye, CEO of virtual asset exchange GRVT, said, "Geopolitical risks, economic uncertainty, and unpredictable policy changes may cause Bitcoin to fall in the short term.
"If the $85,000 level is broken, there is a possibility of further declines," he said. Virtual asset analyst Mac D said, "If Bitcoin breaks through the $90,000 level, the price will rise and fall.
"We have entered a critical crossroads that will determine the further decline," he said, adding, "The situation in the virtual asset market can only be viewed positively, and there is a high possibility of further declines."
Arthur Hayes, co-founder of BitMEX, wrote on Twitter, "President Trump's plan to increase government spending and raise the debt ceiling is a big step forward.
"The situation will only get worse if the budget bill does not pass Congress," he said. "The budget bill is a test bed for Trump's control of national politics, and if the bill fails to pass, Bitcoin could fall to as low as $70,000."
There is a possibility."