{"id":20854,"date":"2025-04-07T07:31:47","date_gmt":"2025-04-07T07:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20854"},"modified":"2025-04-07T07:31:47","modified_gmt":"2025-04-07T07:31:47","slug":"tariff-sensitive-australian-dollar-offers-hope-to-bitcoin-bulls-as-btc-drops-below-75k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20854","title":{"rendered":"Tariff-Sensitive Australian Dollar Offers Hope to Bitcoin Bulls as BTC Drops Below $75K"},"content":{"rendered":"<div>\n<p>Roughly 10 weeks ago, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/27\/bitcoin-may-be-double-topping-for-a-price-slide-to-usd75k\" target=\"_blank\">CoinDesk discussed<\/a> a double top bearish reversal pattern in bitcoin (<a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\/\" target=\"_blank\">BTC<\/a>), warning of a sell-off to $75,000 in a move typical of a bull-market pull back. <\/p>\n<p>On Monday, the price dropped below that level as escalating trade tensions cratered financial markets, sending Dow Jones Industrial Average futures lower by a whooping 900 points. According to technical analysis theory, the BTC sell-off could run out of steam between $70K and $75K, as discussed in January. <\/p>\n<p>Besides, the Australian dollar (AUD), a commodity currency particularly vulnerable to Trump-led global trade tensions, is offering hope to crypto bulls. The AUD\/USD pair has recovered to 0.6011 after dropping as low as 0.5930 earlier Monday, according to data source TradingView. The pair was the worst hit on Friday, falling over 4%, a big move for a national currency.<\/p>\n<p>When trade tensions escalate, currencies of nations involved in the tussle typically react quickly due to expected changes in trade balances, economic conditions and interest-rate expectations. The AUD is one such currency. As the home currency of commodity exporter Australia, it&#8217;s seen as a proxy for China, one of the country&#8217;s biggest customers. So, the sharp recovery in the AUD could be a sign of tariffs-led sell-off reaching climax. <\/p>\n<p>That said, bottom fishing in a falling market is akin to catching a falling knife,  a risky strategy. <\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Roughly 10 weeks ago, CoinDesk discussed a double top bearish reversal pattern in bitcoin (BTC), warning of a sell-off to $75,000 in a move typical of a bull-market pull back. On Monday, the price dropped below that level as escalating trade tensions cratered financial markets, sending Dow Jones Industrial Average futures lower by a whooping [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-20854","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20854","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=20854"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/20854\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=20854"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=20854"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=20854"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}