Bitcoin Drops Another 3% - Is BTC Price Heading Towards $69K? - 9-03-25

Bitcoin (BTC) remains at risk of falling to $75,000 as the weakness in BTC's price accelerates towards the weekly close.

How much further can BTC price fall before hitting a bottom? Popular market participants share their opinions, as data from Cointelegraph Markets Pro and TradingView show that the BTC/USD pair dropped over 3% on March 9.

Bitcoin Consumes Liquidity in the Market

Exchange order books are showing intense interest areas as Bitcoin approaches the weekly candle close.

The liquidation levels on both sides of the spot price appear ripe for a takedown, with long positions already being liquidated as the BTC/USD pair sinks to around $83,000.

"Liquidation map says: Whales hunting stops!" warned the popular trader TheKingfisher to his followers on X that day.

Is the Next BTC Price Drop to $75,000 Coming?

Could the multimonth lows of February at $78,000 be just the beginning?

A bearish outlook for BTC suggests that the market hasn't finished retesting levels not seen since November of last year.

For popular trader Mikybull Crypto, there is a clear possibility that Bitcoin may retest its 50-week simple moving average (SMA).