Bitcoin price is at risk with the failure of cooling data index data

Bitcoin can continue to slip because the most cold American inflation data has sparked fears that President Trump may go more difficult in the definitions, a step that can already lead to long -term re -inflation.

Friday, Bitcoin (BTCLess than 80,000 dollars decreased and about 1.6 % decreased by 24 hours at the time of the press. This came even as the US consumer price index (CPI) showed for the month of March Low inflation to 2.4 %Rating from 2.8 % in February and slightly better than 2.5 % expected by analysts.

The consumer price index, which was released monthly by the American Labor Statistics Office, is a major measure of inflation and affects the FBI’s monetary policy decisions. Usually, low inflation reduces the need for high prices, which tend to benefit from risk assets such as encryption and arrows.

However, although the positive consumer price index read, the markets have not gathered. S & P 500 and nasdaq alike I opened sharply The day was closed by a decrease of 3.4 % and 4.3 %, respectively.

The total ceiling of the encryption market has also decreased by 2.8 % in the past 24 hours, indicating that the broader concerns ignore any relief of inflation in cooling.

Trump’s commercial policies are still the main concern. On April 9, President Trump Declare A 90-day pause on the planned tariff and a 10 % mutual tariff in most countries-but in particular, excludes China, as the customs tariff for Chinese imports raised 125 %, accusing Beijing from failure to respect global trade rules.

This step has subsided for a short period of time, as Bitcoin sent more than 7 % to 82,000 dollars as investors welcomed the temporary dilution of commercial tensions.

However, this optimism quickly faded after China responded by 84 % of American goods starting April 10. This revenge has renewed fears of the longest American trade war, which can greatly weigh the investor’s confidence, especially after the 90 -day window ended.

According to For critics in the Kobeissi message, the combination of strong jobs report with Trump’s inflation may be given a more political field for more definitions, which may retract the progress of inflation.

At the same time, the possibility of reducing interest rates in the field of federal reserves in the short term appears small. CME Group’s Fedwatch tool It indicates an opportunity of 81.5 % of the Federal Reserve until the Federal Reserve keeps its meeting on May 7. With no price cuts until June, the macro background remains unconfirmed for Bitcoin.

Capital flows in Bitcoin also slowed down this year. Glassnode analysis platform recently A mark has been placed The flows fell more than 90 % from the peak of $ 100 billion to only about $ 6 billion. This is usually a sign that the investor’s interest may cool due to the current uncertainty.

Technical indicators also indicate a possible downside. If Bitcoin fails to retain $ 80,000, Glassnode analysts warn that it may reconsider low support areas, and perhaps the Si -moving average for 356 days at 76 thousand dollars.

The following main levels that must be seen without the price point This are the active price -to -widget price at $ 71,000, and if things are worse, the real market means approximately $ 65,000. These are major support areas where their holders interfere in the long run. But if BTC loses this range, this may mean more from the downside.

Analysts are still optimistic

However, not everyone looks at the last Bitcoin withdrawal as a sign of weakness. Some analysts argue that Bitcoin, in fact, holds well compared to traditional markets.

While the seven -day bitcoin fluctuations doubled to 83 %, they are still much lower than the S&P 500, a development that alludes to the development of the potential asset to low beta hedge against traditional stocks. On the basis of 30 days, Bitcoin looks less volatile than the S&P 500.

In addition, some data on the series indicate that the big players buy the decrease.

According to Santiment, 132 new “Shark” wallets appeared, those who carry more than 10 BTC, during the past 24 hours.

Data from Cryptoquant also shows that about 48,575 BTC, at a value of approximately $ 3.6 billion, has moved to the governor of accumulation. It is the largest whale activity seen since 2022, which may mean that the main holders put themselves to play in the long run, even with the uncertainty in the short term.

However, while many are still on the edge of the abyss, others have begun to see signs of a possible recovery on the charts.

According to To Merlijn Trader, Bitcoin just ended a dual -bottom pattern, a classic sign of the reflection of the direction. Now that it has been traded above 81 thousand dollars, and it has already wore from the level of 79,900 dollars, it can be a possible penetration on the horizon with upward targets of about 86 thousand dollars.

If BTC is able to spread a weekly closure above 86 thousand dollars, some analysts believe that it can pave the way for bulls to target 94 thousand dollars. see below:

However, unless a form of decision -making between the United States and China is accessed, this tension is likely to continue defining on clouds on the markets.