Bitcoin Sees Brutal Start to April, Analysts Expect Lower Dip Targets to $60,000 on the Horizon

• Bitcoin sees brutal start to April as BTC price falls below $80,000.
• The price of BTC fell from $83,000 to $75,000 in under a day. 
• Seasoned analysts expect this dip only the beginning with the next target set for $60,000.

The crypto market experienced a brutal start to April as the price of the pioneer crypto asset Bitcoin (BTC) fell below $80,000. To highlight, the price of BTC fell from $83,000 to $75,000 in under 24 hours. This dip came as no shock to many seasoned analysts who expected exponential dips before a true price recovery and a rally back up to claim much higher targets for Bitcoin and the greater crypto market. 

Bitcoin Sees Brutal Start to April 

As we can see from the post above, this reputed analyst known for his many silver-tongued predictions, predicted this outcome for BTC and warned the crypto community of a crash below $80,000. In fact, this analyst in particular expected a much larger dip toward the 50,000 to $60,000 price range. Echoing his sentiments is another reputed crypto analyst who set the next two downside targets at $69,500 and $64,000. 

The expectations for Bitcoin to fall significantly first before a recovery and a rally seems to be a popular opinion within the crypto community as another analyst shared the cause behind the dip on the BTC price chart. As we can see from the post below, this analyst highlights how the Bitcoin price chart hits a triangle target which led to a downside breakout. 

$60,000 Dip for BTC Next?

As the image in the post above depicts, Bitcoin broke out of a perfectly formed triangle pattern which led to a breakout to hit lower targets. Analysts noticed that the weekends seem to be the more action-packed trading days for crypto this year. No doubt, many factors have led to the declining price of BTC, a huge factor being Trump’s continuously escalating tariff announcements and the incredibly high liquidations in the US stock market . 

Despite the latest dip, most analysts saw the downward movement of BTC price is not over. According to the responses to the posts above, most analysts are certain that the price of BTC will fall to the $72,000 to $73,000 price range next. Meanwhile, a handful of seasoned traders expect BTC price to hit $60,000 next and mark this as the possible worst-case scenario. However, they remain certain that the downward pattern will eventually lead to a breakout which will bring BTC price to the next ATH target between $116,000 and $125,000.