Bitcoin is likely to slide below $ 80,000 this week: 10x

Bitcoin is likely to drop below $ 80,000 this week, according to 10x Digital Asset Research.

In the recent update of the market on X, the company was cited with the uncertainty American definitions And high inflation as the main risk factors weighing Bitcoin (BTC) And the broader financial markets.

The report sheds light on the most heated basic personal consumption expenses in the United States, indicating that inflation is still a source of concern. In addition, the speech turned from the former US president Donald Trump The customs tariff for increased uncertainty, with fears that aggressive trade policies can pressure economic feelings.

PMI data is weak

10X Research has also indicated the upcoming USM Information Manager Index as a possible operator for more negative aspect. If the data comes weaker than expected, the risk hate may increase, which extends to the cryptocurrency market.

Moreover, strong employment data may delay any interference in the field of federal reserve, which reduces the chances of market recovery.

Despite these risks, 10x research noticed that the market fluctuation is still defeated, with Vix at low levels Noting that traders may reduce the possibility of more from the downside.

With multiple risk stimuli playing, the latter Bitcoin recovery appears fragile. If macroeconomic pressure persists, BTC may face more declines in the coming days.