$BTC

As a crypto expert, I believe that Bitcoin (BTC) has the potential to continue declining to levels of $86,000–$89,000 by March 2024. This forecast is based on market analysis, the behavior of institutional investors, and expectations regarding macroeconomic factors such as the Federal Reserve’s monetary policy and reduced liquidity.

Additionally, a significant portion of investors may shift their focus to other asset classes, temporarily decreasing demand for BTC. However, it’s important to understand that this scenario could be part of a broader correction cycle before a potential new growth impulse, especially considering the upcoming halving in 2024, which traditionally has a positive impact on the market.

I recommend monitoring key support levels and considering the long-term perspective when evaluating BTC.