After the plummet, which side will Bitcoin's price move towards in the coming days? Analysts have predicted!

As global markets are shaken by a new wave of US tariffs, sentiment towards Bitcoin has also begun to get dumped, with both investors and analysts warning of further declines.

According to the predictions on Polymarket, investors believe that after the sharp drop of the largest coin falling below $75,000, there is a 56% chance that Bitcoin will trade below $78,000 on April 11.

GSR's analyst Carlos Guzman said, "We will probably go even lower from here," adding, "There is no near-term positive catalyst that justifies decoupling from the macro situation for crypto."

The drop in Bitcoin coincides with a period when U.S. President Donald Trump's aggressive trade war has shaken global markets. Today's chaos, referred to as "Orange Monday" in reference to Trump's unique skin tone, came after the announcement of comprehensive tariffs targeting major economic rivals like China, close allies like Canada, and even two distant penguin islands.

The White House is maintaining its resolve. In a statement to CBS News on Sunday, Trade Secretary Howard Lutnick confirmed that the administration intends to proceed with the implementation of tariffs that will take effect on April 9.

The co-founder and CEO of the crypto payment firm Mercuryo, Petr Kozyakov, said, "Cryptocurrency markets have entered a state of extreme fear" and added: "Trump's tariff regime has created a real and urgent threat of a global recession, and predicting his next move seems impossible for the second time."