Bitcoin has fallen for seven consecutive days! Can this Friday's non-farm payroll data break the deadlock?
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TradingKey - Bitcoin has been on a downward trend for the past week. Whether it can rebound depends on this Friday's non-farm data.
On Monday, Bitcoin (BTC) continued its decline. It has dropped for seven days straight, hitting a low of $81,278 today. Last week, Bitcoin peaked at nearly $90,000 but has since fallen by 6%, nearing the $80,000 mark again.
Bitcoin Price Chart, Source: TradingView.
Last week, concerns over Trump's tariff escalation and PCE data weighed on the market. This led to a significant drop in U.S. stocks and pulled down the crypto market. Currently, Bitcoin may continue to drop to $76,000, which was its low on March 11 of this year.
It's important to note that this Friday (April 4), the U.S. will release its March non-farm payroll report. Powell will also give a speech. The market hopes to find clues about potential interest rate cuts. This will be crucial in determining if Bitcoin can rebound this week.
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