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Bitcoin

Bitcoin rises with the weakest “Yuan” traders, but the American War War War 80k BTC Rally Rally

Bitcoin (BTC) dance about $ 80,000 in the Wall Street Open on April 8, where American stock markets were a new recovery, but the tensions that were not resolved between China and the United States continue to put inhibitors at the head of BTC.

BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView

Hayes: Bitcoin can repeat the historic China flows

Data from Cointelegraph Markets Pro and Tradingvief The BTC fluctuation cooling showed while the S&P 500 and the nasdaq index acquired up to 4.3 % in the first few hours of trading.

The stocks built on a strong recovery accompanied the beginning of the trading trading of the week, which reduces fears of the collision of the “Black Monday” style in 1987.

However, the American commercial tariffs remain at the top of the agenda of merchants, who are in particular looking forward to the war of continuous words with China.

in mail On the social truth, US President Donald Trump claimed that Beijing “wants to make a deal badly, but they do not know how to start.”

“We are waiting for their calls,” he told readers.

Source: Social Truth

Bitcoin calls for a decrease in the value of the yuan as part of the Chinese tariff response and potential flows to hedges such as BTC as a result.

“The main Xi weapon is an independent monetary policy that requires a weaker Yuan’s presence,” wrote Arthur Hayz, previously from Crypto Exchange Bitmex, in part of X coverage.

Hayes suggested that the Popular Bank of China (PBOC) or the US Federal Reserve ultimately provide fuel for BTC prices.

“If the federal reserve is not, PBOC will give us the components of the brochure”, ” Argue In his distinguished style.

“CNY Deval = narrated that the Chinese capital trip will flow to BTC $. You have worked in 2013, 2015, and it can work in 2025. China ignore your danger.”

The USD/CNY graph for 3 days. Source: Cointelgraph/TradingView

Meanwhile, the Federal Reserve can boost bitcoin assets and risks by reducing interest rates to stimulate growth. in Blog post The day, Alliancebenstein expected this to happen even with the addition of definitions to inflationary pressures.

“If the economy is slowing down, as we expect, the Federal Reserve Bank will reduce prices even if price levels are high,” wrote Eric Winogerad, director of economic research on the company’s advanced market.

“The opinion is that actual inflation tells us what the economy does, but not what it will do. The Federal Reserve has reduced prices before with high inflation, and we expect that it will do so again unless the inflation expectations are not designed.”

The risk of average average in the Federal Reserve (screen shot). Source: CME Group

Winograd said Alliacebernstein expected 75 basis points of price discounts in 2025, with the latest data from the CME’s Group Fedwatch tool Show the markets for the next first of the Federal Reserve meeting.

Related to: The fake news pump is offered for two dollars “market” ready for the monkey “

Fibonacci “offers a great level of viewing” for the BTC price

Given the global market turmoil in the past three days, the Bitcoin prices have been frighteningly cold on the shortest time frames, as sudden price movements gave the way to monotheism.

For traders, among the main levels to monitor the level of decline rate 0.382 Vibonacci, is currently near 73,500 dollars.

“In the Taurus market, it works with 38.2 % removing in Fibonacci as a major support.” Make up,, Describing BTC/USD as “in a reflection area.”

“As long as the BTC is closed on it, the bullish trend remains intact, even with the presence of the below.”

BTC/USD scheme for one month with Fibonacci levels. Source: Titan of Crypto/X

Daan Crypto Trades has also stressed the potential importance of the level, coinciding with its highest levels ever from March 2024.

“$ BTC Retracements. He said X followers.

“This is the third time that we have obtained such a test in this course. This time we got some meeting of its highest levels in 2024 as well. A great level to see it.”

Other important trend lines include CointeleGRAPH, average simple movement for 200 days (SMA), a classic market support line that was lost when BTC decreased for the first time to less than $ 82,000.

BTC/USD chart for 200 SMA. Source: CointeleGRAPH/TradingView

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.