$BTC price: “Bearish engulfing” sets the tone
Bitcoin ( $BTC ) limps into the end of Q1 on 13% losses as fresh macroeconomic volatility looms.
BTC price action risks a fresh dip below $80,000 as new US trade tariffs weigh on risk-asset sentiment.
Crypto traders’ tariff woes focus on April 2, dubbed “Liberation Day” by US President Donald Trump, while gold heads higher.
Despite the doom and gloom, Bitcoin has had a relatively mild March, while Q1 threatens to be its worst in seven years.
Profitability currently points the way to a bull market drawdown with no realistic bottom in sight.
Bitcoin traders are on edge this week as US trade tariffs follow the monthly and quarterly candle closes.
A recipe for risk-asset volatility has many market participants bracing for the worst as BTC price action edges increasingly close to $80,000.
The lowest levels in two weeks at about $81,200 accompanied the March 30 weekly close, data from Cointelegraph Markets Pro and TradingView confirmed.