😱 Will Trump’s Tariffs Tank Bitcoin? Coinbase Predicts! 😱

  • Bitcoin takes a dive below $84k – inflation rears its ugly head!
  • New Trump tariffs might just be the cherry on top for crypto’s woes 

Bitcoin [BTC], the granddaddy of cryptos, took a tumble below $84k after the U.S inflation report made a hotter-than-expected entrance. BTC’s slide was in perfect harmony with Nasdaq’s 2% nosedive. Meanwhile, gold hit a shiny new high, suggesting investors are in full-on panic mode ahead of President Trump’s next tariff trick. 

According to the crystal ball gazers at Coinbase, BTC’s price is likely to bounce around like a cat on a hot tin roof ($78k-$88k) until the tariff deadline on April 2nd. They had this to say, 

“We’re in for a bumpy ride until April 2nd, folks. Hang on tight!”

April-June, the analysts warn, are the “cranky months” for crypto. They recommend reducing exposure as a strategy, which is crypto-speak for “brace for impact.” 

Bitcoin – STH in a pickle?

It’s not just the analysts; the blockchain is also waving a big red flag. Short-term holders (STH) – the new kids on the crypto block who likely overpaid for their BTC – are feeling the pinch. 

According to Glassnode, the supply held by STHs is at a 7-year high loss of 3.4 million BTC. Ouch! 

“New investors are in a world of hurt, with a record-breaking 3.4M BTC in the red. It’s like a bad episode of ‘Who Wants to Be a Millionaire?’”

The analytics firm suggests this could be the calm before the storm, with a market-wide capitulation event on the horizon. Yikes!

Options traders, it seems, are also preparing for the worst. Amderdata’s 25-delta risk reversal (25RR) indicator is pointing to a bearish party in the near future. 

In other words, speculators are betting on a Bitcoin belly-flop in early April.  

But don’t lose hope just yet! Zooming out on the weekly price charts, BTC is still clinging to the 50-EMA like a climber on a steep mountain. This level has been a lifeline in past bull runs and could be the hero once again. 

Bitcoin’s market structure is still looking bullish, but if it drops below the 50-EMA, it’s time to sound the alarms. Keep your eyes peeled in Q2, folks!

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2025-03-29 13:15