Alex Thorn, head of research at Galaxy Research, noted that Bitcoin could test the $75.000 to $85.000 range. Other analysts, such as James Check, agree with Thorn, linking the correction to geopolitical tensions and US tariff measures.
The price of Bitcoin faces a possible correction scenario after a week full of volatility and falls in the markets.
Alex Thorn, research director at Galaxy Research, highlighted in a recent analysis shared on X that the leading cryptocurrency could test a range between $75.000 and $85.000 in the coming weeks, supported by the registration of an “Air-Pocket” and the 200-day moving average, located at $81.600. This technical level, according to Thorn, would act as key support if the bearish trend becomes more pronounced.
The outlook aligns with observations from other experts, such as James Check, who also described the current cryptocurrency price movement as a temporary “air pocket.”
Meanwhile, external factors such as tariff policies announced by the Donald Trump administration have heightened uncertainty among investors, contributing to pressure on risk assets, including cryptocurrencies.
Technical support that marks Bitcoin's compass
Thorn emphasized the importance of the 200-day moving average as a key indicator for the price of Bitcoin. This indicator, which sits at $81.600, represents the average price of the asset over the past 200 days and is often considered a psychological support or resistance level.
Thorn explained that if the cryptocurrency's price tests the $75.000 to $85.000 range, this moving average could function as an important support level.
This projection comes in a context where Bitcoin has lost about 18% of its value since its annual high of $104.000 in January, adjusting after the 2024 rally, which was mainly driven by the approval of exchange-traded funds in the US market and Donald Trump's electoral victory. Although Thorn does not rule out a deeper drop, his analysis suggests that long-term investors could take advantage of this phase to accumulate the digital asset, especially if it stays above $75.000.
PREPARE YOUR WALLETJames Check explains the “airbag” theory
Thorn’s view is not isolated. As mentioned above, James Check, co-founder of Checkonchain and former chief analyst at Glassnode, backed the possibility of Bitcoin finding a bottom in the mentioned range.
In a report In a post released this week, Check used the term “air pocket” to describe the current situation: a temporary gap in bullish momentum, where the market absorbs massive sell-offs before stabilizing. According to him, the correction is natural after months of sustained gains and is exacerbated by external factors.
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The Trump factor: how tariff policies shake up the market
Beyond the technical indicators, analysts and market experts have pointed to the recent economic measures of the US government as the main triggers for the market correction. Donald Trump, the current president of the United States, announced that his tariffs on Chinese and Mexican products remain in place, arguing that they are protecting local industry. These measures have raised fears of a renewed trade war, affecting global markets.
According to data from CoinShares, cryptocurrency-based funds registered net outflows as the imposition of these tariffs creates macroeconomic uncertainty, leading investors to reduce their exposure to volatile assets such as Bitcoin.
Bitcoin price is therefore facing a critical period, where technical and geopolitical factors converge to define its short-term direction. While Alex Thorn and James Check agree that the $75.000 to $85.000 range could mark a temporary bottom, Trump's tariff policies add layers of uncertainty.
BUY BITCOINOverall, for investors, this scenario represents both a risk and an opportunity, as volatility calls for caution, but it also opens windows to enter a digital asset that has historically shown resilience after periods of adjustment.
Investing in cryptoassets is not fully regulated, may not be suitable for retail investors due to high volatility and there is a risk of losing all invested amounts.
