Bitcoin (BTC) raised its volatility at the end of each week on April 6, in contrast to the fear of a stock market crash bullish BTC price target.
BTC/USD 1 hour chart. Source: CointeLegraph/TradingView
CNBC’s Kramer: 1987 crash “not off the table yet”
Data from Cointelegraph Markets Pro and TradingView showed that BTC/USD was below $80,000 for the day.
The days in between saw some bouts of flash volatility as concerns about US trade tariffs and recession caused massive losses across risk assets.
US stocks in particular recorded significant losses, with both the S&P 500 and the NASDAQ Composite Index down nearly 6% in the trading session on April 4.
“This week’s Trump tariff announcement wiped out a stock market value of $8.2 trillion, more than lost in the worst week of the 2008 financial crisis,” author and financial commentator Holger Zukaepitz summed up X’s answer.
Big city charts from the Bloomberg World Exchange era. Source: Holger Zschaepitz/X
Some people wondered how next week would be open on social media as compared to the 1987 crash crash of “Black Monday” 1987.
“It’s difficult to build a new, weaker world order,” said Jim Kramer, host of CNBC’s “Mad Money” segment, who discussed X over the weekend.
“I’m trying so hard, but I haven’t seen the October 87 scenario off the table yet. Those caught at the bottom are sleeping with the fish…”
S&P 500 1-day chart. Source: CointeLegraph/TradingView
Cramer had previously warned that it was broadcast live in a 1987 scenario, but later inferred that control mechanisms in the form of a circuit breaker in the market “can slow things down.”
The Bitcoin Circle also saw bold predictions about how the market will behave in the short term. Popular yet controversial Bitcoin supporter Max Keizer has called for BTC/USD to hit the huge $220,000 by the end of the month.
“The 1987 style MegaCrash will push Bitcoin to $220,000 this month.
Bitcoin resists copycat BTC price diving
The diverse sentiment surrounding Bitcoin and stocks is becoming increasingly apparent among traders.
Related: Bitcoin crash risk is $70,000 in 10 days – Analysts say it’s BTC’s “practical bottom”
After enduring last week’s worst tariff shock, many have argued that the price of BTC could even become prominent in the next few days.
$ btc- #bitcoin: Of course you can lower it first. But I think we’ll see the final push of this cycle soon. pic.twitter.com/dp6otpge16
– Crypto Caesar (@cryptocaesarta) April 5, 2025
Bitcoin is preparing for a breakout next week – the $150K run may be underway! $ btc #bitcoin pic.twitter.com/jnwnoihnwo
– @cryptoelltes (@cryptooelites) April 5, 2025
“While $BTC volatility will decline, the $VIX (volatility index) of stocks has been closed at the highest level since the COVID crash in 2020,” popular trader Daan Crypto Trades admitted in his latest analysis.
“This is pretty unprecedented and I am sure this compression will bring about a big cryptography move next week as well.
BTC/USD vs VIX Volatility Index Chart. Source: Daan Crypto Trades/X
fellow trader Cas Abbe suggested that the recent $76,000 low on BTC/USD could be a classic fake breakdown.
“This looks similar to the dump after the ETF and the crash in August 2024,” he told X Followers.
“We are waiting for a weekly recall of $92,000 to see the uptrend.”
BTC/USDT 1-week chart. Source: Cas Abbe/X
This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.
