The Bitcoin course is under great pressure last week and fell below the important level of $ 80,000. According to market analysts, this is mainly due to the unrest in the global economy.
This relates the analysts to the tariffs of the American government and the associated wave of sales of investors. Only: a problem seems to arise. An even larger wave of sales could be imminent.
Cryptom market in turmoil through tariffs
President Donald Trump’s new customs measures are causing tensions worldwide. China and Europe in particular have reacted sharply to increase import tariffs again.
As a result, investors worldwide take less risk and run out of volatile systems such as crypto. Many investors are now looking for refuge in “safe ports” like gold.
“Investors are looking for security in uncertain times”, said Markus Thielen from Matrixport. He added: “Despite its growth, Bitcoin is still a risky possession.”
Important indicator points to BTC sale
Out of Data from Cryptoquant it can be seen that short-term owners, people who their Bitcoin Keep less than 155 days, increasingly come under pressure. This group often sells the first when the price drops.
The so-called STH-SOPR indicator shows whether this group makes a profit or loss when selling. This is about to fall under 1. This means that many short-term investors are now selling with loss.
This indicator also fell strongly in previous declines, such as in May and July 2024. This led to a chain reaction of sales. This is not yet the case, but analysts warn that the real sales could still come.
Patience necessary for Bitcoin course
Many analysts look at the level of $ 78,000. According to many analysts, this is the last important level of support before a great correction could follow. If this limit does not keep, the price can continue to fall quickly. Matrixport even expects a possible decline of almost 39 percent. That would mean that Bitcoin could still fall significantly.
In addition to market panic, uncertainty about the policy of the American Central Bank (the Fed) also plays a role. As long as interest rates remain high and inflation is a problem, it is difficult for Bitcoinreally to get up again. Thielen said:
“Without the support of central banks, Bitcoin has a difficult time.”
For now, it is therefore important to wait and see how crypto investors have often had to do in the past.