PANews reported on March 31st that according to 10x Research analysis, Bitcoin's rebound over the past three weeks was hindered by core PCE data higher than expected. The data indicates rising inflation, partly driven by Trump's tariff policies, which weakened consumer confidence. One-year inflation expectations rose to 5.0%, leading to poor performance of risk assets and triggering stop-loss for its short-term bullish strategies.

10x Research anticipates that Bitcoin may fall below $80,000 this week, as multiple risk-averse factors could pressure the stock market and impact the cryptocurrency market. Trump's tariff policies have shifted from initially mild expectations to a more aggressive approach, with market concerns that tariffs might be implemented first while negotiations are delayed. This change significantly increases market uncertainty.

Additionally, if ISM manufacturing PMI data appears weak, it could intensify market pressure; while continued strong US employment data might postpone Federal Reserve intervention, further pressuring the market. Notably, the VIX index remains low, suggesting many traders may be underestimating short-term downside risks.