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Bitcoin Tanks Below $80K – Post-Trump Gains Wiped Out!

Arslan Butt•Friday, February 28, 2025•2 min read

Bitcoin is under $80,000 for the first time since November, erased most of the post election gains as macro worries mount.

Feb 27, BTC dropped to $79,752, 2.65% in an hour according to TradingView. $100m in longs liquidated as per CoinGlass.

Last time at this level was Nov 11, after Trump’s election. Many thought Trump would be pro-crypto and take Bitcoin to new highs in 2025. Well, that optimism is being tested now with analysts talking about $70,000.

Traders Brace for a Possible $70K Bitcoin Price

Market is sentiment has shifted, key traders are preparing for more downside.

  • Crypto analyst dmac noted on X (formerly Twitter), “Dip buyers are getting smoked. I still see $70K as the target.”

  • Pseudonymous trader Mandrik added, “If you liked $80K Bitcoin, then you’re gonna love $70K Bitcoin.”

  • Rager, another well-followed analyst with over 200,000 X followers, remained unfazed, stating that a drop into the mid-to-low $70Ks would not be abnormal.

Historical data shows corrections of 30-40% during previous bull cycles. Polymarket prediction markets shows almost 50/50 whether BTC will stabilize or go to $70,000.

Institutional Investors Maintain Long-Term Bullish Outlook

Bitcoin Price Chart - Source: Tradingview
Bitcoin Price Chart – Source: Tradingview

Despite the pullback, institutions are still long term bullish. Since hitting all time high of $109,000 on Jan 20 (Trump’s inauguration day), Bitcoin has dropped 26% yet major financial institutions still see huge upside.

  • Standard Chartered’s head of digital assets research, Geoffrey Kendrick, reaffirmed his bullish stance, predicting Bitcoin could reach $200,000 by the end of 2025 and surge to $500,000 before the end of Trump’s second term.

  • Institutional investment inflows into Bitcoin ETFs remain steady, indicating long-term confidence despite short-term volatility.

As macroeconomic uncertainty and policy concerns weigh on the market, all eyes are on Bitcoin’s next move. Will it rebound above $80,000, or is a deeper correction toward $70,000 inevitable? Investors and traders will be closely watching the charts in the coming weeks.

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ABOUT THE AUTHOR See More
Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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