Black Monday 2.0? 5 things to know in bitcoin this week

Bitcoin (Btc) returned the clock this week as the Mayhem tariffs dragged BTC price action to 2021.

• Bitcoin surrenders to the Bull’s market support lines left and right as a new “Death Cross” completed on the BTC/USD Daily Chart.

• The CPI week is strictly conscious of US trade tariffs and their global impact on stock markets.

• Both Crypto and Tradfi market participants have drawn comparisons to “Black Monday” 1987 and the Covid-19 cross-market cross-market crash.

• The Bitcoin investor’s speculation is firmly out of pocket and is likely to be tempted to panic for sale.

• The emotion everywhere is gone, with the Tradfi Fear & Greed Index recording its lowest scores in history.

The BTC price “Death Cross” carries 2021 high in gaming

Bitcoin risks falling under former all-time highs from March 2024 to the next, data from Cointelegraph Markets Pro and Tradingview Shut up.

After slipping below $ 75,000 in the first time since November, BTC/USD has quickly re -forgotten the support lines in the Bull Bull market. This includes $ 69,000, a level that first appeared in 2021.

The diving, where come as a copycat move A few days after the stock markets began to suffer major losses, caught by surprise.

Our uninhabited fence in the room right now?

– Charles Edwards (@caprioleio) April 6, 2025

“This is the last time of $ BTC to maintain its macro uptrend structure,” famous analyst Kevin Svenson Summary In a warning to X.

Among the racing lines now lost because support is the 50-week exponential transfer of average (EMA) around $ 77,000.

In a X thread This coming Sunday, popular businessman Crypnuevo described the price that violates that level as the “only short triggerr I will pay attention to.”

“If we lower the support below and back above it, I will consider it as a deviation and that is my long -term stigma of a push up to $ 87K,” he explained.

The indicators of the material source of trading, meanwhile, have failed an unidentified “death” in the sun -day hours of time. This typical bearish signal involves a 50-day simple moving average (SMA) crossing below its 200-day equivalent.

“The momentum that carries that cross cross, puts BTC in a critical macro support test,” this said X followers.

“Stay tuned …”

CPI week meets emergency rate cuts

Like last week, US trading tariffs are the main point of communicating throughout the world’s financial market.

The impact of the proposals announced last week continued to feel, as the downside momentum on the assets of the risk today was that it was being filed by expecting more tariffs set for release on April 9.

In a conversation with the mainstream media over the weekend, Commerce Secretary Howard Lutnick confirmed that the US government will continue the steps without delay.

“Tariffs will come,” he said News of CBS.

https://www.youtube.com/watch?v=cnetiyk8cze

Through the sentiment diving and panic settings to market participants from trading desks to fence funds, little attention is paid to other potential volatility by weekly catalysts.

They will come in the form of US inflation data, itself a major topic as a risk of tariffs that cause unexpected price growth.

The March prints of the consumer price index (CPI) and producer price index (PPI) are due to April 10 and 11, respectively.

Previously, Jerome Powell, chairman of the Federal Reserve, said the tariffs would have a palpable effect on the US inflation battle, it would be difficult to Check it precisely in advance.

“While new policies and their likely economic impacts have become clear, we will have a better sense of implications for the economy and for financial policy,” he subsequently said During a speech Last week.

Fed easing policy market expectations to pay for tariffs are clearly reflected in interest rate forecasts.

The latest data from CME Group’s Fedwatch tool It is shown today that the consensus favors a 0.25% rate cut at the May of Fed – earlier than the June deadline assumed until this weekend.

In informal circles, including social media platforms and predictions such as PolymarketThe bets of an “emergency” rate cut approaching are rising rapidly.

“The Federal Reserve can make an emergency rate cut soon,” professional founder of capital management and CEO Anthony Pompliano predicted on the weekend.

“Inflation has fallen to the lowest level since 2020. If it continues, it will be a big problem.”

“Black Monday” 1987 or Covid-19 to repeat?

In the short term, the “effects” of tariffs were feared to include a crashing throughout the market similar to “Black Monday” in 1987.

Number Cointelegraph reportedThe market responses to the first round of reward tariffs have laid out foundations for chaos in the upcoming Wall Street Open.

A 10% sink in two consecutive days only occurred in four hours in history.

October 1987.
October 2008.
March 2020.
April 2025.

In 1987 and 2020, it marked the bottom.
In 2008, it took a month to mark the bottom.

– Michaël Van de Poppe (@cryptomichnl) April 6, 2025

For the businessman, analyst and businessman Michaël van de Poppe, the black Monday of Crypto is here.

“I think we’ll see a rollercoaster 1-2 weeks where we have a test of lows for bitcoin. It can deepen $ 70k from here,” warned X Followers on April 7.

Van de Poppe saw an emergency fed rate cut as the only logical escape path for bleeding risk assets.

The trade source Kobeissi’s letter while teaching heavy losses in both Chinese and Japanese stocks during the first Asian trading session.

“We’ve seen the first circuit breakers of the market since March 2020,” it reported.

Kobeissi described The market sentiment as “polarized,” drawing many comparisons to COVID-19 cross-market crashes in March 2020 and beyond.

“This is the most shock we have seen in the market since March 2020. In fact, we may be close to investor panic levels above March 2020,” it added.

“This is currently an extensive rush to the exit for investors.”

Bitcoin’s new hodler losses are increasing

In Bitcoin, the investor’s cohort is likely to first capitulate the short-term holders (STHS)-the more speculative market creatures with a date purchase within the last six months.

Number Cointelegraph reportedThese investors are highly sensitive to the volatility of the BTC price, and their Panic selling Creates a vicious circle for the market.

Data from the Onchain’s analytics platform shows today that the sth cohort is falling into red.

The spent output profit ratio (SOPR) metric, which monitors Sti’s coins that move in revenue or loss, is currently below Breakeven.

“When STH-SOPR falls below 1.0, it shows that short-term investors realize the losses-a classic capitulation signal,” contributing contributing that Yonsei Dent to one of them “Quicktake”Blog posts.

“In view of 2024, major price corrections are accompanied by sharp drops in STH-SOPR, often reaching or falling under the -2 standard deviation band. These moments–especially in May, July, and August-aligned with panic selves seller in participants in the short-term market.”

Below $ 80,000, the BTC/USD is now comfortable under the combined cost of the cost for STH investors, the cryptoquant confirms.

The total basis of the integrated cost of Bitcoin, which includes long-term owners, currently seats at $ 43,000.

Sentiment eclipses bearish records

To a sad but unique move, the extent of the bearish sentiment to the traditional market, as measured by Fear and greed indexhas fallen into excess.

Related: The risk of Bitcoin crashing at $ 70k in 10 days increase – the analyst said ‘practical bottom’ of BTC

The latest data from the index, which uses a basket of factors to calculate the market condition, provides a reading of only 4/100.

“It’s not low: Not on Covid, not after the FTX collapse,” Crypto commentator Atlas mentioned.

Crypto continues to be up to date the storm somewhat better, along with the Crypto Fear & Greed Index on 23/100 on April 7.

Despite the panic, some voices carefully indicate that it is now a good moment to “buy a dip” – whether in stocks or crypto.

“This does not mean that the absolute bottom is in, but generally at least one local opportunity,” the founder of the volume of bitcoin and digital asset fund capriole investments, who argued with a X thread.

Edwards rose in both bullish and bearish arguments, and concluded that many risks remained, especially in Bulcoin’s Bull Market.

“To be fairly made by Bitcoin last week, but played catch up (up to the downside) over the weekend. Waiting for some big unexpected news, it would be difficult for Bitcoin to fight a touch = 1 event at risk of possession, we found something similar to the early 2020,” he commented.

“That is said, there is a historic significant strength of the relatives here to remember. We are likely to expect to rally Bitcoin is the hardest of the bottom, wherever it is and whenever it is.”

This article does not contain investment advice or recommendations. Every transfer of investment and trading involves risk, and readers should conduct their own research when deciding.