- The own goal of the US trading tariffs and the uncertainty about the policy of the US Federal Reserve exert considerable pressure on the BitcoIN course.
- His decline by 12.7 % in the first quarter is reminiscent of previous corrections, even if there is still no clear low.
Bitcoin concludes the weakest first quarter in seven years with a decline of 13 %, since macroeconomic uncertainty is on risk systems. Gold continues to develop better, while US trading tariffs cloud the mood and prevent Bitcoin from wining back lost soil.
Dealers observe the most important technical signals, whereby the BTC course can fall below $ 80,000. Despite the losses, analysts assume that the correction matches historical bull market patterns, although there is no clear soil in sight.
It’s not just the unsettled market – BTC has its own weakness
Bitcoin retailers remain careful because the technical indicators and the macroeconomic pressure create uncertainty about price development. Data from CoinTelegraph Markets Pro and Tradingview confirmed that BTC/USD closed at almost $ 81,200 a week, the lowest stand in two weeks. A “Bearish Engulfing” pattern on the weekly chart indicates down the downward potential. The dealer Crypnuevo notes that A price compression between the exponential sliding average (EMAS) of the 50-day and 50-week line could trigger an aggressive movement.
The Barchart market source warned of a possible “death cross” formation at Bitcoin and US shares, in which the short-term moving average slide under the long-term trends. While that was a bearish signal in the past, some analysts suspect that these crossings collapsed with market lows. The data from Coinglass show that The liquidity is grouped around the current price levels, whereby the dealers are waiting for more precise signals before making directional decisions.
The Coinbase Premium, which depicts the price difference between the BTC pairs of Coinbase and Binance, has remained stable despite the recent declines. Cryptoquant analyst crypto Sunmoon suspects that the panic sales have subsided, although an actual turnaround has not yet been confirmed.
US trade tariffs and central bank policy burden Bitcoin
Macroeconomic concerns increase the pressure on the Bitcoin price, as new US trade tariffs are to come into force on April 2. President Donald Trump described the date as “day of liberation”, whereby the tariffs potentially affect imports worth $ 1.5 trillion. The analysts of The Kobeissi Letter warned that this could significantly tighten the trade voltages and increase uncertainty on the financial markets.
Investors also pay attention to important economic data, such as For example, the number of open positions, the number of applications for unemployment support and the number of employees outside of agriculture that could affect the mood among the risk systems. On April 4, the chairman of the Federal Reserve Jerome Powell will speak at the annual conference of the Society for Advancing Business Editing and Writing (Sabew). His explanations on inflation and interest policy could influence the expectations of interest rate reductions, whereby the fedwatch tool of the CME Group continues to favor a schedule for relaxation in June.
At the end of the first quarter, Bitcoin fell by 12.7 %, according to Coinglass, and has the worst first quarter since 2018. Gold, on the other hand, has reached several all -time highs, which increases its attractiveness as a safe port. The decline of BTC by 30 % since its high in January reflects the corrections of past bull markets. The data from Glassnode indicate that there were declines of over 60 % in previous cycles, which indicates that the current downturn of Bitcoin is within historical norms.
