Source: Charles Edwards/XIn Capriole’s latest market update on March 31, Edwards acknowledged that BOS data can produce unreliable signals over market sentiment but argued that it should not be ignored.“While no guarantee of the future outlook (this metric does have false signals) this is a data reading we have had before at very high risk zones (year 2000, 2008 and 2022), telling us to keep a very open mind,” he wrote. “Especially if the tariff war escalates significantly beyond current expectations or corporate margins start to fall.”For Bitcoin, a key level to watch in the tariff aftermath is $91,000, with Capriole suggesting that US macroeconomic moves would “decide the ultimate technical trend from here.”“All else equal, a daily close above $91K would be a strong bullish reclaim signal,” the update explained alongside the weekly BTC/USD chart. “Failing that, a dip into the $71K zone would likely see a sizable bounce.”BTC/USD 1-day chart (screenshot).
In his latest analysis, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, queried when the US would start printing money.”Higher than expected” US tariffs pressure BitcoinBitcoin reacted noticeably worse than US stocks after President Donald Trump announced worldwide reciprocal trade tariffs on April 2.BTC/USD fell up to 8.5% on the day, while the S&P 500 managed to end the Wall Street trading session 0.7% higher.
Related: Bitcoin sales at $109K all-time high 'significantly below' cycle tops — GlassnodeIn the US, the Fed has already begun to loosen tight financial policy, with bets on a return to so-called quantitative easing (QE) varying.“How long until the Powell printer starts humming? ” Edwards queried.
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Author / Journalist: Cointelegraph by William Suberg
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