$BTC is attempting to reverse the trend. We've seen higher highs and higher lows. Several resistance levels remain.
The key level for continued bullishness remains the $82,000-$85,000 zone.
The key support level is $78,000.
π₯π¨π³πΊπΈ There is no respite: China will increase tariffs on the United States from 84% to 125% starting April 12, after Trump imposed a 145% tariff on Chinese products.
BTC and ETH short-selling has dropped dramatically, which bodes well for prices.
π For Glassnode, this suggests it may be approaching a degree of short-term seller exhaustion.
π It maintains that Bitcoin should reclaim $93,000 to regain momentum.
Breaking News: US March annual CPI inflation rose 2.4%, below expectations of 2.5%.
Core CPI inflation increased 2.8% year-over-year, compared to expectations for a 3.0% increase.
Asian stocks fall up to 12%, anticipating another Black Monday for the markets
π΄ππ° Hang Seng: -12.06%
π΄π―π΅ Nikkei: -6.7%
π΄π°π· KOSPI: -5.2%
π΄ US stock futures down more than 4% and cryptocurrencies down up to 17%; Bitcoin down $77,000
Since 2015, Bitcoin's hashrate and price (up to $100,000) have moved in tandem, with the hashrate recently reaching a new all-time high of 850 million TH/s.
Since January 2025 alone, the BTC hashrate has increased by 50%.