Bitcoin price drops below $78K and Face Death Cross as stocks face 1987 Black Monday,
BTC price predictions diverge from stocks as Bitcoin shows surprising resilience to market downside over US trade tariffs — traders see that continuing next week.
The days in between had seen several bouts of flash volatility as US trade tariffs and recession concerns stoked major losses across risk assets.
US stocks in particular recorded significant losses, with both the S&P 500 and Nasdaq Composite Index finishing the April 4 trading session down nearly 6%.
“Trump's tariff announcement this week has wiped out $8.2 TRILLION in stock market value — more than was lost during the worst week of the 2008 financial crisis,” author and financial commentator Holger Zchaepitz summarized in a response on X.
The poor close caused some to wonder how the coming week would open, with comparisons to the “Black Monday” 1987 crash surfacing across social media.
Since hitting its lowest point in November 2022, Bitcoin has gradually risen within an upward channel pattern, meaning its price continues to set higher lows. Today, Bitcoin is approaching a death cross. Will the decline continue before becoming a momentum for recovery? If the correction exceeds $76,600, it may extend further toward $67,000. Many predicted Bitcoin would start a bull run in March 2025, but the correction has persisted. Has the bull run already ended, especially since many altcoins have corrected sharply, dropping up to 80% from their 2024-2025 peaks?
For now, don't even think about investing in the new project that launch on Binance for long investment, because based on its existing tokenomics, they all have a tendency to dredge investors' money.
As for the project that has been expressed by CZ it is only a dream, unless the project was made by CZ himself.
