Veteran analyst sends brutal message as Bitcoin slides again

Markets came into March 19 already connected edge.

The Federal Reserve has conscionable delivered its latest argumentation verdict, lipid is surging connected Middle East proviso fears, and adjacent seasoned traders are struggling to find footing.

Crypto did not flight the pressure.

Bitcoin slid again aft the Fed's FMOC meeting, extending a pullback that has kept traders focused connected downside targets alternatively than a speedy instrumentality to late-2025 highs.

That has revived a much antiaircraft code among analysts, with immoderate informing that Bitcoin could inactive person much crushed to lose.

Related: Bitcoin falls beneath $70K arsenic markets tumble aft lipid terms spike

In a March 19 post, marketplace expert Benjamin Cowen said:

“Bitcoin erstwhile valued against Gold volition apt driblet to the scope lows aboriginal this year.”

The illustration helium shared shows the BTC/gold ratio moving backmost toward the little extremity of a multi-year trading scope aft failing to clasp its caller highs.

Cowen’s statement is little astir golden soaring and much astir Bitcoin underperforming comparative to it.

Even if some assets weaken, a falling BTC/gold ratio would inactive connote Bitcoin is losing worth faster than golden implicit time.

Another analyst, Ted, struck a likewise bearish tone. In a March 19 post, helium wrote that Bitcoin had fallen betwixt 6% and 30% aft the past six Fed meetings, adding that a 6% driblet would enactment BTC adjacent $67,000 and a 30% diminution would connote a determination toward $50,000.

Ted said helium believes Bitcoin volition deed some levels astatine immoderate constituent successful 2026.

The unit came aft the Fed near its benchmark involvement complaint unchanged successful the 3.50% - 3.75% scope connected March 18 and projected higher ostentation this year.

Reuters reported that policymakers present expect idiosyncratic depletion expenditures ostentation to extremity 2026 astatine 2.7%, up from the 2.4% projected successful December.

Fed Chair Jerome Powell said higher vigor prices linked to the Iran warfare would propulsion up near-term inflation, portion stressing that the standard and duration of the economical interaction stay uncertain.

Reuters said the Fed inactive sees 1 complaint chopped successful 2026, but traders pushed retired expectations for easier argumentation arsenic lipid prices climbed.

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Traditional markets besides turned sharply little aft the decision. The S&P 500 fell 1.4% connected March 18, portion CNBC reported connected March 19 that Dow futures were down astir 300 points and Nasdaq 100 futures had slipped 0.8% arsenic lipid prices spiked and ostentation fears deepened.