The last bitcoin gathering has proven above the main psychological threshold of $ 90,000, as analysts indicate the ongoing uncertainty of the macroeconomic economy and a significant decrease in institutional investments in encrypted currency markets.
Bitcoin (BTCIt organized a recovery of approximately 10 % to more than 95,000 dollars on March 2 before the formation of a double plan is about 94,200 dollars on the daily chart, a preparation indicating an imminent decrease in the price.
Bitcoin has reached about $ 81,400 the next day, and since then has been struggling to stay above $ 90,000, Tradingvief Data appears.
BTC/USD, one -day chart, double top. source: Tradingvief
Multiple main factors contribute to Bitcoin’s stagnation, including boxes circulating on the American Bitcoin Stock Exchange (ETFS), according to Ryan Lee, Senior Analyst in Bitget Research.
Tell the Cointelegraph analyst:
“The large external flows of the investment funds circulated in the instant bitcoin were swelling, as the founding investors fell, they are likely to interact with total economic uncertainty and the transformation of feelings of risk.”
In its fourth week in a row, the investment funds circulated in the United States are witnessing in its fourth week of net external flows after registering net cumulative flows of more than $ 2.6 billion during the last week of February, Sosovalue Data appears.
Bitcoin network flows ETF, weekly chart. Source: sosovalue
Besides ETF flows, total economics factors also press bitcoin price, adding: adding:
“The new tariff ads from President Trump have increased concerns about inflation and economic stability, prompting investors to prefer safest assets over investments over risks such as bitcoin.”
However, analysts are still optimistic about the Bitcoin price track in late 2025, with price expectations ranging from $ 160,000 to more than $ 180,000.
Related to: The high bitcoin activity at the bottom of the market is hinting, the opposite is possible
American tariff fears can be reduced next week
Some concerns related to a global trade war may be reduced next week, according to Iliya Kalchev, the Digital Asset Investment Platform Nexo.
The analyst said: The implementation of the American customs tariff was “weighed” on the encryption markets after the start of the implementation, which led to a decrease in digital assets and traditional shares, adding:
“However, long -term optimism won the short -term discomfort after US Minister of Trade Howard Lottennik indicated that a deal can be announced to reduce the definitions of Canada and Mexico early on Wednesday.”
Related to: Bitcoin price risk correcting 72 thousand dollars, with an investor morale weakened
The analyst added that the uncertainty in commercial policy “is likely to” maintain feelings of feelings “while the possibility of increasing the rates of federal reserves may” indicate a possible transformation “for encryption markets.
Meanwhile, the broader encryption market is still recovering from a $ 1.4 billion bybit penetration, which occurred on February 21, which represents the largest penetration in the date of encryption.
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magazine: SCB Tips 500K BTC, SEC Delay ETHE ETF options, and more: Hodler’s Digest, February 23 – 1 March
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