Source: Cointelegraph/TradingViewBitcoin traders brace for BTC’s sub-$80K pullbackAnalyzing low-timeframe BTC price action, popular analyst AlphaBTC was slightly pessimistic about Bitcoin’s recovery in the short term.“Bitcoin is losing the weekly open” at $86,000, he wrote in part of an X post about the hourly chart.“Looks like $BTC has finally made up its mind and is heading to that monthly open and max pain for the options expiry.”BTC/USD hourly chart.
Canada and Mexico have announced intentions to impose retaliatory tariffs on US goods, escalating trade tensions and raising concerns about the impacts of a full-blown trade war.“Markets are expecting Trump’s April 2nd reciprocal tariffs day to be the end of uncertainty,” said capital market commentator The Kobeissi Letter in a March 26 post on X.
Related: 'Bitcoin Macro Index' bear signal puts $110K BTC price return in doubtThe Kobeissi Letter believes that “it will be the exact opposite,” with tech stocks losing over $400 billion over the past week. “The trade war is back.”30-day performance of US tech stocks.
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Author / Journalist: Cointelegraph by Nancy Lubale
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