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Global turmoil deepens as Bitcoin faces bearish sentiment amid the market crash. President Trump recently announced April 6th as “Liberation Day.” This announcement stirred political controversy. It also triggered global financial turmoil. Stock markets in China, Japan, Germany, the UK, and the U.S. fell sharply for a second day. Tariff reciprocations and new measures worsened market conditions. The global cryptocurrency market cap dropped by 8.49% to $2.44 trillion. Bitcoin suffered significant losses. Crypto liquidations surged past $1.02 billion in the last 24 hours.
#BITCOIN
— $Trader (@GDXTrader) April 6, 2025
Bitcoin is breaking below the support of its symmetrical triangle, signaling that bearish momentum is taking over.
This pattern reflected a battle between buyers and sellers, and the downside break suggests bears are gaining some control.
Careful longs. $BTCUSD… pic.twitter.com/faKXNGUac5
This spike represents a 795.54% increase and ranks among the highest since March 2020. The Fear & Greed Index fell to 17, signaling extreme market fear. Investors now worry about a prolonged downturn. Overall, market sentiment remains bearish. Bitcoin appears vulnerable. Caution and uncertainty dominate the current financial landscape. The downturn may continue as global tensions rise. Analysts advise careful monitoring as volatility persists across global markets, experts warn.
Key Bitcoin Levels To Watch – April 7
BTCUSD has broken below the $76,560 swing low, confirming a bearish structure. The break of structure (BOS) and lower highs beneath the trendline show sellers are in control.
The price may target the next support zone at around $66,780 if the bearish momentum continues. MACD (Moving Average Convergence Divergence) also shows a bearish crossover, adding to downside pressure.
BTCUSD Key Levels
Resistance Levels: $100,000, $108,400, $115,000
Support Levels: $85,010, $66,780, $53,500
Bitcoin METRICS
Total Market Capitalisation: $2.49T
Bitcoin Market Capitalisation: $1.57T
Bitcoin Volume: $92.22B
Market Rank: #1
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