🪀👏*Bitcoin's Black Monday 2.0: Five Things to Know This Week* 📊💸

Bitcoin is facing the challenge of a perfect storm, from the "death cross" to record low sentiment, as U.S. trade tariffs have severely impacted global markets. Will the prices of 2021 return? 🤔
*1. Bitcoin price plummets* 📉
The price of Bitcoin has fallen below $80,000, with some analysts predicting a further decline to $70,000. The value of this cryptocurrency is affected by U.S. trade tariffs and their global impact.
*2. Death Cross and Support Line* 💀
A "death cross" has formed on the BTC/USD daily chart, which is a bearish signal that may lead to further price declines. The support line for Bitcoin's bull market, including $69,000, is currently being tested.
*3. U.S. Trade Tariffs and Inflation* 📊
The tariffs imposed by the U.S. government have raised concerns about inflation and market volatility. The Federal Reserve may need to urgently cut interest rates to mitigate the impact.
*4. Emotions and Market Sentiment* 😨
The Fear and Greed Index has reached its historical low, indicating extreme bearish sentiment. Some investors see it as a buying opportunity, while others are preparing for further losses.
*5. The Future of Bitcoin* 🔮
The future of Bitcoin is uncertain, with some predicting a recovery while others expect further declines. The ability of this cryptocurrency to weather the storm will depend on various factors, including market sentiment and global economic trends.
*Key Statistics:*
- Bitcoin current price: $76,700
- Total market capitalization: $1.65 trillion
- Fear and Greed Index: 4/100 ( record low )
- Crypto Fear & Greed Index: 23/100
*Content worth noting:*
- US inflation data ( CPI and PPI ) will be released on April 10 and 11.
- Federal Reserve's interest rate decision
- Global economic trends and market sentiment
*Conclusion:*
The current situation of Bitcoin is complex and uncertain. While some investors see this as a buying opportunity, others are preparing for further losses. The future of this cryptocurrency will depend on various factors, including market sentiment, global economic trends, and the decisions of the Federal Reserve. Stay informed and adapt to the changing market landscape. #Upcoming CPI & PPI Data Releases# #Fed Rate Cuts Outlook# #Risk Strategies in Downtrend#