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RECESSION 2025 WARNING: Prepare for THIS!!!! - Bitcoin News Today, Ethereum, Solana, XRP & Chainlink

#Cryptocurrency
2025-04-10 18:389 min read

Content Introduction

In this video, Josh discusses the current state of the cryptocurrency market, primarily focusing on Bitcoin, Ethereum, and Solana. He highlights that Bitcoin has recently faced resistance near the $88,000 mark amidst a bearish market trend, largely influenced by recent US economic data and tariff announcements, which have increased recession concerns. He anticipates potential retracements and supports at around $82,000. Josh also observes a bearish divergence in Ethereum and mentions similar patterns in Solana. He outlines key levels of resistance and support, emphasizing the need for confirmation before making trade decisions. For those looking to trade, he recommends using links to exchanges to claim trading bonuses while keeping an eye on market trends.

Key Information

  • Bitcoin has recently rejected from a significant resistance area, influenced by a downturn in the US stock market.
  • The release of US tariff numbers has increased the potential for a recession.
  • Bitcoin and the stock market demonstrate a correlation; a decline in the stock market often signals a dip in the crypto markets.
  • Market sell-offs have occurred in anticipation of tariffs, confirming bearish market signals.
  • Ethereum is showing a larger bearish market trend, similarly reflected in Salada's price movements.
  • It's important to analyze Bitcoin and crypto charts to understand current market dynamics.
  • Short-term support levels for Bitcoin are around 82,000, with significant resistance at 88,000.
  • A confirmed breakout above resistance levels could lead to bullish movements toward 91,000 to 92,000.
  • Current bearish divergence signals suggest limited bullish momentum for Bitcoin, with a possibility of short-term price relief.
  • Salada could break below important support levels, affecting its price trajectory.
  • Correlation exists among major altcoins and Bitcoin's market movements; declines or gains in Bitcoin typically parallel those in altcoins.
  • Risk management is essential when trading in volatile market conditions.

Timeline Analysis

Content Keywords

Bitcoin Market Update

Josh discusses Bitcoin's recent rejection from resistance levels, the effects of the US stock market on crypto, latest US tariff numbers, and the increasing probability of a recession.

Cryptocurrency Trends

The video highlights the correlation between the stock and crypto markets, with a focus on bearish signals and potential short-term price movements in Bitcoin and other cryptocurrencies.

Ethereum and Market Analysis

Josh analyzes Ethereum's performance, emphasizing its continuation in a larger bearish market and discussing prediction for price resistance levels.

Market Resistance Levels

The resistance levels discussed include 88,000 for Bitcoin and important support areas around 81,000, as well as potential movements towards 96k.

Trading Strategies

Josh recommends trading platforms like BTEX and Tubbit for crypto trades, emphasizing the importance of understanding market dynamics whether bullish or bearish.

Current Market Risks

The video warns about potential risks in the crypto market, citing new tariff impacts and stock market performance as influencing factors for cryptocurrency prices.

Future Price Predictions

Insight is provided on long-term price targets for Bitcoin and Ethereum, alongside trading strategies that could benefit in bearish markets.

Regulatory Notes

Josh advises to be aware of local regulations when trading crypto, especially when using exchanges like BTEX and Tubbit.

Related questions&answers

What happened to Bitcoin recently?

Bitcoin just rejected from a significant area of resistance while the US stock market is dumping, confirming a bear market signal.

What factors are contributing to the current market conditions?

The latest US tariff numbers were released, which are increasing the probability of a recession.

How correlated are stocks and crypto?

The stock market and crypto market are highly correlated. If stocks see a dump, crypto typically does as well, and vice versa.

What resistance level did Bitcoin struggle with?

Bitcoin struggled with a resistance level close to $88,000.

What support levels are currently in play for Bitcoin?

Support levels for Bitcoin are sitting in the range of $70,000 to $74,000.

What indicators suggest we might see a recession?

The Atlanta Fed GDP estimates are plummeting toward the negative, indicating a potential recession.

How can traders benefit from bearish price movements?

Traders can profit from bearish movements by using short positions.

Where can interested traders find exchanges to start trading?

Traders can find links to exchanges such as BTEX and Tubbit in the video description.

What should we expect for Ethereum’s price action in the near future?

Ethereum is currently remaining within a larger bear market, with potential for short-term bullish movements but overall bearish conditions.

What are the likely outcomes if the current support levels fail?

If the current support levels fail, we could see a significant drop down to prices around $140 to $150.

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