PANews reported on March 13 that crypto analyst Eugene said that the overall trend is still biased downward. Although there is a possibility that BTC has bottomed out at 76k or a double bottom in the 74-76k range, this probability is decreasing over time. He pointed out that structurally, there has not been enough selling in the market to clear the excess sentiment in this cycle.
He expects BTC to drop to the 66k psychological level set by Michael Saylor and pays attention to the market's performance below that price. He also mentioned that BTC's uptrend or range has been broken in all time frames, and 75k is currently the last key support level.
In addition, he mentioned that BTC has a high correlation with stocks and does not expect a short-term reversal due to the policies of Trump, Bessent or Powell. He said that if the PPI data performs well tonight and BTC reaches the high 80k range, he might consider shorting.
