Bitcoin is likely to fall below $80,000 this week, according to digital assets research firm 10x Research.
In a recent market update on X, the firm cited growing uncertainty over U.S. tariffs and rising inflation as key risk factors weighing on Bitcoin (BTC) and broader financial markets.
The report highlights hotter-than-expected U.S. core Personal Consumption Expenditures data, which suggests inflation remains a concern. Additionally, shifting rhetoric from former U.S. President Donald Trump on tariffs has heightened uncertainty, with fears that aggressive trade policies could strain economic sentiment.
Weak PMI data
10x Research also pointed to the upcoming U.S. ISM Manufacturing PMI as a potential trigger for further downside. If the data comes in weaker than expected, risk aversion could intensify, spilling over into the cryptocurrency market.
Furthermore, strong employment data may delay any Federal Reserve intervention, reducing the chances of a market rebound.
Despite these risks, 10x Research noted that market volatility remains subdued, with the VIX at low levels — indicating that traders may be underestimating the potential for further downside.
With multiple risk-off catalysts in play, Bitcoin’s recent rebound appears fragile. If macroeconomic pressures persist, BTC could face further declines in the coming days.
