Bitcoin has fallen for seven consecutive days! Can this Friday's non-farm payroll data break the deadlock? 

TradingKey - Bitcoin has been on a downward trend for the past week. Whether it can rebound depends on this Friday's non-farm data. 

On Monday, Bitcoin (BTC) extended  its decline, marking its seventh consecutive day of losses and hitting a low of $81,278. Last week, Bitcoin briefly approached $90,000 before falling nearly 6%, edging closer once again to the $80,000  threshold. 

Bitcoin Price Chart, Source: TradingView.

Market sentiment has been dampened by concerns over President Trump’s tariff escalation and hotter-than-expected PCE inflation data, both of which contributed to a sharp sell-off in U.S. equities and a broader pullback in the crypto market. Bitcoin now faces the possibility of declining further toward $76,000—its low from March 11. 

Looking ahead, investors are closely watching this Friday (April 4), when the U.S. March non-farm payroll report is due, alongside a speech from Federal Reserve Chair Jerome Powell. The market is hoping for signals on the potential timing of interest rate cuts—key factors that could determine whether Bitcoin rebounds later this week.