American markets are witnessing one of the huge decline, as the main stocks decrease with a huge margin. The encryption markets also increased, as it recorded more than $ 500 million in liquidation. The Habbiya waves appeared on the market due to the Trump tariff that affects global markets. The trading volume increased, which increased the pressure pressure, while the market cover fell to nearly $ 2.63 trillion.
Will Bitcoin rise to 250 thousand dollars, or is the reflective winds carrying some domination?
Since the announcement of the customs tariff, the markets have begun to experience huge pressure for sale due to a noticeable rise in uncertainty. While gold prices continue to mark the new highlands, the power of the US dollar has constantly decreased. The DXY index faced a huge decline of 2.83 % while still retaining decisive support at 100.
As shown in the graph above, the DXY index appears to be in a deep trouble as the DXY printed the huge vibrant candles that have not been seen in modern history. This can be a huge bullish sign for bitcoin and encryption markets, as investors may find them one of the assets of resort compared to the US dollar. On the other hand, the BTC retail rate and a new ATH division increased by about 975.96 meters, hinting towards increasing mining activity that sheds light on the feelings of the upscale market.
The height of the BTC retail rate indicates a more insured network that can enhance the investor’s confidence. Despite the bullish signals, the BTC price is believed to break the decisive support because the stars symbol may face a cross for death soon.
Where does Bitcoin (BTC) go after?
It is quite clear that the pressure pressure has been rising to the BTC prices in the past few days. As a result, support will be tested at $ 81,000 at any time from now. However, it is expected that a decline in $ 80,000 will confirm a declining pattern, which may drive the price below the range.
As shown in the graph above, Mas 50/200 is heading towards a declining intersection, while the price suffers from upward pressure and equal landing. If the seller’s dominance continues in the prevailing, it is expected that the price of BTC will constitute new bottoms for this year, which may lead to an increase in the strong recovery stage, and the restoration of lost resistance levels that exceed $ 85,000. This indicates that Bitcoin is about to provide a good purchase opportunity in the coming days, and perhaps less than $ 79,000.
