Bitcoin (BTC) is turning back the clock this week as tariff mayhem drags BTC price action toward 2021.
Bitcoin is giving up bull market support lines left and right as a new “death cross” completes on the BTC/USD daily chart.
CPI week is firmly overshadowed by US trade tariffs and their increasingly global impact on stock markets.
Both crypto and TradFi market participants are drawing comparisons to “Black Monday” 1987 and the COVID-19 cross-market crash.
Bitcoin’s speculative investor base is firmly out of pocket and likely increasingly tempted to panic sell.
Sentiment everywhere is nonexistent, with the TradFi Fear & Greed Index recording its lowest score in history.
BTC price “death cross” brings 2021 highs into play
Bitcoin risks falling below its old all-time highs from March 2024 next, Data from Cointelegraph Markets Pro and TradingView shows.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
After slipping