Bitcoin faced great fluctuations, with market factors and geopolitical events, which makes it difficult to predict the place of stability, according to Carted Standard The head of digital assets, Jeffrey Kendrick
Kindrik highlighted that the last sharp decline in the future Nasdak and bitcoin prices may indicate the bottom, but geopolitical uncertainty still applies negative pressure in the short term.
Uncertainty in the market
Kindrik pointed out that Bitcoin has witnessed significant fluctuations in prices, and was exacerbated by a 5 % decrease in future NASDAC and lack of clarity on critical issues such as American definitions, Ukrainian conflict, and potential changes in tax policy.
Although these factors contributed to the risks of the market, Kendrick sees it as passing and indicates that Bitcoin can recover once these problems stabilize.
However, it is repeat Bitcoin continues to face the descending risks and may decrease to the post-election price range ranging between 69,000-76500 dollars in the short term before the support is found.
He said:
“Until we get some certainty on the customs tariff/tax cuts/tax/DOGE, it is difficult to call the bottom for risks.”
Kindrik also highlighted the influence of the president Donald Trump The last announcement regarding a Strategic coding reserves This includes digital assets outside Bitcoin. He pointed out that although the inclusion of non -bitcoin coins in the encryption market has caused a discussion, Trump’s impact on the market has increased the fluctuations.
Strategy and Bitcoin
Kendrick also studied the strategy (MSTR), which was recently renamed from Microstrategy, highlighting that the company’s shares have already decreased to registered levels after the US elections in November. Despite this decrease, Kendrick stressed that the company’s shares are still intertwined with Bitcoin.
He pointed out that the price of the company’s share hovers about 242.69 dollars-261.20 dollars per share for several days, without closing without this level, which indicates support at this level. However, it is unclear whether this is the local bottom of the share due to the global economic uncertainty and the dull performance of the stock market.
Kendrick also pointed out that the average purchase of Microstrategy for Bitcoin is $ 65,000, and its shares may decrease more if the new annual Bitcoin Valsto decreases.
Pamphlet Bitcoin faces the risks of the negative side amid geopolitical uncertainty – Stancart First appear on Cryptoslate.
