Buckle Up, Crypto Fans: Bitcoin Braced for a Tumble Below $80K!

Hang onto your hats, folks! Bitcoin's about to take a nosedive below $80,000 this week, says the sharp minds over at 10x Research. They're not messing around with this prediction!

These digital asset gurus dropped a bombshell on X, pointing fingers at the chaos from U.S. tariffs and skyrocketing inflation as the culprits behind Bitcoin's (BTC) shaky knees and the whole financial market's jitters.

Get this: the U.S. core Personal Consumption Expenditures data is hotter than a summer day in the desert, screaming that inflation's not just a passing worry. And if that's not enough, former President Donald Trump's flip-flopping on tariffs is throwing everyone for a loop, stirring up fears that his aggressive trade moves could send the economy into a tailspin.

Tariff Shock and Hot Inflation Data Derail Bitcoin Rally The Bitcoin rollercoaster that's been climbing for the last three weeks? It's hit a brick wall, thanks to that scorching core PCE data signaling inflation's on fire—partly thanks to Trump's tariff games—which is putting the squeeze on consumer wallets… pic.twitter.com/Xp2DF3Iymh

Weak PMI data

But wait, there's more! 10x Research is also keeping a close eye on the upcoming U.S. ISM Manufacturing PMI. If it comes in weaker than a kitten's meow, brace yourselves for a wave of risk aversion that could send the crypto market into a tailspin.

And don't get your hopes up for a quick Fed rescue. Strong employment numbers might just keep the Fed on the sidelines, leaving the market to fend for itself.

Here's the kicker: despite all these red flags, the VIX is chilling out at low levels, suggesting that traders might be sleeping on the potential for Bitcoin to take a serious hit.

With all these risk-off vibes in the air, Bitcoin's recent comeback is looking as fragile as a house of cards. If the economic storm keeps brewing, BTC could be in for a rough ride in the days ahead.