The cryptocurrency market may witness a local bottom in the next two months, amid global uncertainty about the ongoing import tariff negotiations, which have limited investor morale in both traditional and digital markets.
On April 2, US President Donald Trump is scheduled to inspect the mutual customs tariffs, and measures aimed at reducing the country’s estimated trade deficit of $ 1.2 trillion of goods and promoting local manufacturing.
While the global markets have won the success of the first tariff declaration, there is a 70 % chance for encrypted currency assessments to find its bottom by June, according to Aurelli Bartheri, the main research analyst on the Nansson Intelligence platform.
Tell CointeleGraph:
“Nansen data is estimated at 70 % that encryption prices will decrease between now and June, as BTC and ETH are currently trading 15 % and 22 % less than their highest levels, respectively, respectively. Given these data, upcoming discussions will work as decisive market indicators.”
She added: “Once the most difficult part of negotiating behind us, we see a cleaner opportunity for encryption and risk its origins to finally distinguish the bottom.”
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Each of the traditional currency markets and encryption is still a decrease in bullish momentum before declaring the US tariff.
BTC/USD, one -day graph. source: Nanson
“With regard to the main American stock indicators and for BTC, relevant price plans failed to appear over the average movement of 200 days, while the average low price prices are backward,” Nansen wrote in one research on April 1 a report.
The report added: “Fragile psychology in the market highlights the necessity of” good news “, mainly on the growth of the United States and the definitions.”
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Bitcoin needs to keep 82 thousand dollars in the “WAIT and See” encryption market: Analyst
Investors are currently in “Wait and See Mode” and they are visiting great positions as the markets lack the direction.
However, the Crypto Fear & Greed Index remained the highest tallest of “intense fear” for a third consecutive session, which indicates a marginal improvement despite continuing caution, said Stella Zlatarva, the editor of the Nexo digital assets, told Cointelgraph.
“This enhances the opinion that the markets are in waiting and vision,” Zlatareva told Cointelegraph, adding:
“Bitcoin continues to integrate within the range of $ 82,000 – $ 85,000 after trying a period of re -calibration in the first quarter. The origin of this region is transferred with major support at $ 82,000 and the possibility of the upward trend about $ 86,500 and $ 90,000 if the wider feelings stabilize.”
Other traders are waiting for Bitcoin above $ 84,500 as a sign of more bullish momentum amid constant uncertain uncertainty.
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