Bitcoin could fall below $80,000 this week, according to Digital Assets Research Firm 10X Research.
In a recent market update on X, the company cited increasing uncertainty about US tariffs and increased inflation as key risk factors that are heavy in Bitcoin (BTC) and the broader financial markets.
The report highlights data on core US consumer spending at a temperature higher than expected. This suggests that inflation remains a concern. Furthermore, changing Donald Trump’s rhetoric from former US President Donald Trump on tariffs has heightened uncertainty, along with concerns that aggressive trade policies could burden economic sentiment.
Customs shock and hot inflation data derail the Bitcoin rally
Bitcoin rebounds over the past three weeks have shaken up Bitcoin rebounds over the past three weeks, partially driven by Trump’s tariff implementation as consumers appear to be heavy as Bitcoin rebounds appear to be heavy for the last three weeks as they swayed…pic.twitter.com/xp2df3iymh
– 10x Research (@10x_research) March 31, 2025
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Weak PMI data
A 10x study points out future US ISM manufacturing PMIs as a potential downside trigger. If data becomes weaker than expected, risk aversion can be enhanced and ripples into the cryptocurrency market.
Furthermore, strong employment data could delay Federal Reserve intervention and reduce the likelihood of market rebound.
Despite these risks, 10x research noted that VIX remains suppressed market volatility at low levels of VIX.
Bitcoin’s recent rebound looks vulnerable as multiple risk-off catalysts are regenerating. As macroeconomic pressures continue, BTC could drop even further in the coming days.
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