
Bitcoin (BTC) continues to be under sales pressure, falling 1.4 percent to The 82,000 range over the past 24 hours. Comparing bitcoin to U.S. stock indexes such as the nadek and S&P 500, it appears that a pattern of death intersections will be formed in the coming weeks.
In the last three trading days, about 2 trillion of the S&P 500's market value was lost. In fact, the U.S. government's 25 percent tariff on cars quickly reversed a short-term upward trend in mid-March. Bitcoin also faced fierce resistance at the 89,000 level after trying to pass 90,000.
Now the question for investors is whether bitcoin will fall below 80,000. Analysts believe that US President Trump's trade sanctions against Russia may bring the price of Bitcoin below 80,000.
Bitcoin, along with U.S. stock indexes, is forming a pattern of death intersections, according to market data. Some analysts predict that the fall in BTC prices before these intersections may be a sign of the end of the downward trend, but this is still discussed.
The leading economist, Peter Schiff, has once again challenged bitcoin, citing Gold growth of up to 3,100, calling bitcoin a risky asset. On the other hand, analyst Ali Martinez believes that the 1 trillion drop in global money supply in the last two weeks questions the possibility of bitcoin growing based on liquidity.
Bitcoin's daily trading volume is currently around 17.2 billion, and the BTC futures open profit index has fallen 2.7 percent to below 53 billion. According to quingless data, the total number of liquidated positions in the last 24 hours has reached 64 million, of which 54 million is related to purchase positions.