The price of Bitcoin rests 80k dollars as US stocks avoid “Black Monday”

Bitcoin (Btc) The relief of a wall street was required in April open, because American stocks were declined from 4% loss.

Bitcoin joins US stocks at embossed rally

Data from COINTELEGRAPH MARKETS PRO and Tradingview It showed an area of ​​about $ 80,000 focus formation for BTC / USD after a couple hit five months of hunting.

Leaving American trading tariffs continued to accumulate in global markets, and asian stocks close the day to considerable losses.

At the same time, 90-Day Potential Break Reports The tariffs go live, against the background of negotiations with over 50 American trading partners, assisted steam losses in Futures markets in front of the open and enabled S & P 500 and Nasband Composite Index to prevent “Black Monday” Implosion in style 1987.

“NasdaDa Futures was almost -7% in the lowest point,” Kobeisa Trading Resource Resource noted In a part of current coverage on X.

Still Kobeissi recognized That S & P 500 fell more than 20% of its time in February, opening in “Bear Territory” for the first time since 2022. Years.

Continuation, trade company KCP Capital entitled International Engagement above tariffs “Extremely”.

“However, as the world inserts to provide a seat at the table, the markets will probably remain on the edge,” she concluded in her last newsletter on subscribers of the canal telegram.

“The President, who does not show signs of support down, noted that he does not want to fall the action”, but sometimes you have to take the medicine. “With the trust and credibility of the American economy, hanging in balance, the following days could prove that too much bitter pills for the global market and for the Trump himself, if meaningful progress is not achieved before Wednesday.”

CME group data Feventh Tool He continued to show the relocation of expectations on the market on the reduction of interest rates to federal reserves, and the upcoming meeting in June is now favored as a deadline.

BTC Safety Network Price Prostrate to $ 69,000

In the meantime, Bitcoin tried to strengthen support in the field of up to $ 70,000, and approaching within the saliva distance of Old all the time From March 2024. Years.

Related: Black Monday 2.0? 5 things to know in Bitcoin this week

In their latest observations, the cabinet analytical firm is a jarway and the Locke coincides with the realized price of large tranzers BTC offers.

“It seems to have found BTC support to 74K for now. This aligns with the first main cluster leads below $ 80,000 – over 50k $ BTC to $ 74.2,” export On X.

“This level generally keep investors who were active for five months, constantly raising their cost-based basis until 10. Marta, after which they remained dormant.”

Glass added It was between inch and $ 70,000 another 175,000 BTC “cost clusters.”

“One biggest level within this range is 71.6 k, holding ~ 41k $ BTC. The following significant support sits at $ 69.9, where 68k $ BTC,” confirmed.

As reported on cointelegraph, $ 69,000, and nearby area is seen as a reliable long-term BTC support zone that is Statistically little is likely to break.

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