Bitcoin (BTC) price witnessed a more than 6.5% decline in the last two days, dropping from $88,000 to an intra-day low of $81,900. The market downturn was attributed to uncertainties over Trump’s trade tariffs and poor economic data, leading to a sell-off in stocks. Bitcoin’s continued losses on March 29 saw it trading just above $82,000, wiping out gains from earlier in the week. US inflation data came in higher than expected, with the US Personal Consumption Expenditures (PCE) Index showing quickening inflation, adding to investor concerns. The implementation of US tariffs next week further pressured markets, leading to 24-hour crypto market liquidations of $338 million. Bitcoin wiped out over $165 million in long positions between March 28 and March 29, with buyer interest noted in the $70,000-$80,000 range, hinting at a possible further drop before recovery. Analysts suggest Bitcoin may find a local bottom between $82,000 and $80,000, with a potential reversal next week. From a technical perspective, Bitcoin’s decline on March 29 formed a bear flag pattern, indicating a continuation of bearish momentum with a potential decline toward $62,000. Despite differing views on Bitcoin’s price target, market conditions remain uncertain, with liquidity conditions potentially leading to corrections to the $72,000-$75,000 region or even $65,635. This article provides insights into the recent Bitcoin price movements, highlighting the volatile nature of cryptocurrency investments.