Bitcoin Price Analysis!!!

Bitcoin might keep falling because U.S. inflation data was better than expected, raising worries that President Trump could increase tariffs, which might raise inflation in the long run. Bitcoin dropped below $80,000 and was down about 1.6% in the last 24 hours. Inflation was 8% in February, a bit better than the 2.5% analysts predicted.

Monthly CPI data from the U.S. showed the S&P 500 and Nasdaq opened lower and closed down 3%. The total crypto market cap also fell by 2%.

Trump's trade policies are a major concern. Optimism faded quickly when China announced 84% tariffs on U.S. goods starting April 10. Meanwhile, the chance of the Federal Reserve cutting interest rates soon seems low, with an 81.5% chance they will keep rates steady at the May 7 meeting. Data from Glassnode showed that inflows dropped more than 90% from a peak of $100 billion to around $6 billion, indicating that investors might be losing interest due to uncertainty.

The next important price levels to watch are $71,000 and, if things worsen, around $65,000. These are key support areas where long-term holders usually buy. If Bitcoin drops below these levels, it could lead to further declines.

Bitcoin's seven-day realized volatility has increased to 83%, but it is still lower than the S&P 500’s, suggesting it might become a safer option compared to traditional stocks. Some on-chain data also shows that larger investors are taking the opportunity to buy at lower prices.

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