Bitcoin is about $ 80,000 and “Death Cross” print

Bitcoin (BTC) has reached the lowest new monthly levels in the Open Wall Street on April 3, where American unemployment data is added to pressure on risk assets.

Bitcoin gives gains in early April as shares are low

Data from Cointelegraph Markets Pro and Tradingvief The first trip confirmed less than $ 82,000 for BTC/USD since the beginning of the month.

After it initially rising to $ 88,580, as the United States government revealed a mutual trade tariff, Bitcoin soon ran out of steam as the reality of the stronger measures that were expected at home.

Then the American stocks followed, with a decrease in the S&P 500 more than 4 % a day at the time of writing this report.

“Drop puts today -3.7 % S&P 500 on the right track of the largest daily decline since the 2020s locks”, the Trading Kobeissi Supplier wrote in part of A. A reaction to x.

“Since the rise of hours at 4:25 pm yesterday, the S&P 500 has wiped nearly 3 trillion dollars from the maximum market.”

After that, the unemployed demands for the initial work in the United States came below, at 219,000 compared to 228,000 expected, for all data from the US Department of Labor (DOL).

“The level of the previous week was revised by 1,000 from 224,000 to 225,000. The moving average was for 4 weeks, 223,000, a decrease of 1,250 from the revised average in the previous week. The average of the previous week was reviewed by 250 from 224,000 to 224,250,“ responsible ”. press release I mentioned.

The traditionally stronger labor market trends are associated with the performance of the weakest assets of assets because they indicate that policy makers can maintain more compact financial conditions for a longer period.

Data from the CME group Fedwatch tool However, market vision continued to dispose of interest rates from the Federal Reserve at the FOOC Open Market Committee (FOMC) in June.

“With the high possibility of stagnation, the markets believe that the Federal Reserve will have to reduce prices as soon as possible next month.”

The BTC price procedures “3-6 months” can last

BTC price procedures have continued to thwart short time frames as $ 80,000 support became uncomfortable.

Related to: Bitcoin price risk decreases to 71 thousand dollars, as Trump’s tariff hurts business look at business

“The stairs are a step up and then the elevator down,” the popular trader Romanian summary In part of the last X analysis of it.

Market suspended byzantine General informed short situations through the main encryption pairs, and concluded that the customs tariff will ensure the continuing conditions.

“I can see a hunting stopping below its local level before a pump to pressure the short pants, then it may cut more opportunities that descend to the bottom.” He said X followers.

“I think that with the customs tariff responses that are likely to be the next height will be limited.”

The company Glassnode Glassnode was the most bad news. According to their data, Bitcoin printed the new “Cross of Death”, which includes the convergence of two moving averages in the middle of the period (MAS).

“A female ONSAIN has appeared to Death Cross. The price of the amount of 30 days has exceeded the value of $ BTC to less than 180 days, indicating twice the momentum.”

“Historically, this style was preceded by 3-6 months of Habbudian trends.”

Earlier this week, Glassnode noticed that speculative sales have decreased significantly from the traditionally associated folders with BTC price equipment.

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.