Bitcoin price prediction: Trump market pressure fuels BTC 5-day losing streak
Bitcoin extends losing streak, struggles to reclaim $80K.
Bitcoin price has extended its losing streak to five consecutive days, breaching the key $80,000 psychological level yesterday before dipping further to $77,000 in the Asian session today.
However, a swift recovery has seen Bitcoin attempt to reclaim $80,000 in the European session, a level that now acts as a key resistance.
The broader market decline is reacting to speculation that the Trump administration may be influencing stock market volatility to pressure Federal Reserve Chair Jerome Powell into cutting interest rates. Market commentator Anthony Pompliano suggests that recent market instability, partly fueled by Trump’s tariff policies, is being used to engineer lower borrowing costs. This move aligns with the significant decline in the 10-year Treasury yield from nearly 4.8% in January to 4.21%, reinforcing expectations of a potential policy shift.
Bitcoin price struggles at $80K after five-day losing streak
Bitcoin price dynamics (Nov 2024 - March 2025). Source: TradingView.
As a result of Bitcoin’s recent extended decline, both the daily and four-hour RSI went into bearish territory, indicating that the market remains under selling pressure. Sentiment among traders reflects this downturn, with many viewing Bitcoin’s struggle to reclaim $80,000 as a potential signal of continued downside. The lack of a strong bounce suggests that traders remain cautious amid the uncertain macroeconomic backdrop.
Despite the bearish signals, some traders argue that Bitcoin’s rapid recovery from $77,000 could indicate strong underlying demand. If the market perceives that rate cuts are imminent, Bitcoin may experience renewed buying interest, particularly as liquidity conditions improve. A decisive break above $80,000 could shift sentiment and trigger a relief rally.
Bitcoin’s near-term trajectory hinges on its ability to sustain a move above $80,000. With macroeconomic factors playing a crucial role in shaping the next move. A rejection from this level could extend the bearish trend, with traders eyeing lower support zones. Conversely, a successful breakout could pave the way for a retest of previous highs.
Increased short positions and profit-taking drove Bitcoin’s decline to $80,000, triggering $620M in liquidations. The price drop extended its 4-day losing streak.
