Analysts predict further downside for SPDR S&P 500 ETF Trust and Bitcoin

From Yahoo Finance: 2025-04-05 06:45:00

Analysts predict further downward momentum for SPDR S&P 500 ETF Trust and Bitcoin. Benjamin Cowen warns S&P 500 decline could extend into April, resembling past market downturns. Mid-April inflation print and new tariffs are key dates to watch for potential market reactions. Glassnode data flags a death cross forming in Bitcoin’s on-chain data, historically preceding 3-6 months of downside. Cowen points to critical S&P 500 metric and believes current decline could extend further. He cautions against panic, reminds investors that not all declines trigger recessions. Watch for potential market bottom in early April. Potential death cross forming on S&P 500 could signal short-term rally before further declines. Bitcoin and equities could see counter-trend bounce before next major move.

Read more: Are Bitcoin And The S&P 500 Heading For A Death Cross?