This week, Bitcoin faces a confluence of factors that could significantly impact its price. Here are four key areas to watch: 1. Death Cross Formation and $69K Support The BTC/USD daily chart is nearing a bearish "death cross," where the 50-day moving average crosses below the 200-day moving average. Keeping a close eye on the $69,000 level will be key, as this level will be major support. 2. Interest Rate Cut Possibilities Speculation is growing about potential interest rate cuts as early as May. This week's Consumer Price Index (CPI) and Producer Price Index (PPI) data releases will be crucial in shaping these expectations. Lower rates typically boost risk assets like Bitcoin. 3. Economic Shocks: Tariffs and Black Monday Concerns Concerns are rising about the potential impact of new tariffs on global trade. Comparisons are being drawn to the 1987 "Black Monday" crash and the initial COVID-19 market panic, highlighting the possibility of unforeseen economic shocks. 4. Short-Term Holder Losses The Short-Term Holder SOPR (Spent Output Profit Ratio) indicator is currently in loss territory, suggesting that recent Bitcoin buyers are selling at a loss. This can create continued downward pressure on the price. Watching for this metric to enter profit territory may signify a price reversal. ```

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