#BTCBelow80K Bitcoin News: Bitcoin Price Dips Below $80K as Traders Eye Post-Tariff Rebound Despite ‘Black Monday’ Fears

AI Summary

Bitcoin (BTC) fell below the key $80,000 level heading into the April 6 weekly close, shedding 3% since the week’s start amid intensifying fears of a global market crash reminiscent of 1987’s Black Monday. However, crypto traders remain cautiously optimistic, as BTC continues to decouple from traditional markets in the face of macroeconomic headwinds.

Stocks Dive, Bitcoin Holds Relative Strength

U.S. stock indices plunged nearly 6% on April 4, with over $8.2 trillion in market capitalization wiped out following President Trump’s sweeping trade tariff announcement. Commentators likened the week’s bloodbath to the 2008 financial crisis and even the October 1987 crash, with CNBC’s Jim Cramer warning that a repeat of the “Black Monday” collapse is “not off the table yet.”

Meanwhile, Bitcoin dipped below $80,000, but analysts noted the move as relatively minor compared to the chaos in equities. At press time, BTC was trading near $79,700, down just 3% for the week, showcasing its increasing resilience to traditional market turmoil.

“The VIX (Volatility Index) just closed at its highest level since the COVID crash in 2020, while BTC volatility is compressing — a rare divergence,” noted crypto analyst Daan Crypto Trades. “This sets the stage for a major breakout in crypto next week.”

Analysts Eye $150K–$220K Bitcoin Run as Safe Haven Appeal Grows

Despite short-term downside, bullish sentiment remains high among Bitcoin supporters. Some predict a massive upside move could follow this week’s volatility:

Max Keiser boldly forecast a Bitcoin price surge to $220,000 by month-end, calling it the “ultimate safe haven” amid trillions fleeing collapsing equity markets.

Crypto Caesar and CryptoElites both shared charts suggesting that BTC could soon begin its “last push” of the cycle — possibly targeting $150,000+.