[Analysis] "Bitcoin to Fall Below $80,000 This Week"

An analysis has emerged that Bitcoin (BTC) will fall below $80,000 this week.

On the 31st (local time), 10X Research stated in a report, "Various risk-averse factors are putting pressure on the stock market. The virtual asset (cryptocurrency) market will also be affected," and "We expect Bitcoin to fall below $80,000 this week."

The main reasons for the bearish outlook were cited as economic indicators and President Trump's tariff policies. The report stated, "Bitcoin has rebounded over the past three weeks, but showed weakness as the core Personal Consumption Expenditures (PCE) index came out higher than expected, suggesting a rise in inflation," and "The one-year inflation expectation surged to 5.0%, negatively impacting Bitcoin."

Furthermore, "If the ISM Manufacturing Purchasing Managers' Index (PMI) comes out weak, it could further deteriorate investor sentiment," and "If U.S. employment figures are released strongly, the Federal Reserve's intervention may be delayed, projecting a bearish outlook for the virtual asset market."

Additionally, "Trump's tariff implementation is evaluated to burden consumer sentiment and economic indicators," and "Trump's changed attitude since last week is a factor that further increases market uncertainty." Previously, President Trump hinted at gradual tariff imposition, but recently showed an aggressive tariff stance, reducing market expectations that tariffs could be avoided through negotiations.

Meanwhile, the March ISM Manufacturing PMI and the February U.S. Department of Labor JOLTS (Job Openings and Labor Turnover Survey) are scheduled to be released at 23:00 (KST) tomorrow.