The encryption is bounced – time to buy a decrease if bitcoin prices are above 80 thousand dollars?
The encryption market is witnessing – in connection with American stocks – severe fluctuations after the US market was opened on Monday.
After trading up to 74,500 dollars earlier today, Bitcoin price rose to $ 81200 within minutes of news that US President Donald Trump was considering a 90 -day stoppage on customs tariffs on all countries except China.
Although rumors turned out to be fake, BTC continued to trade in a range of $ 78,000 – 79 thousand dollars, higher than the main support levels.
Reports on ongoing trade negotiations, emergency price discounts from the Federal Reserve and high global liquidity indicate that it may have come to decline.
Why is the bitcoin price?
The main American indicators such as coins are traded. The fake news indicated to the White House economic advisor Kevin Haysit said that President Trump was considering a 90 -day stoppage of customs tariffs on all countries, except for China.
However, the White House later mentioned that the rumors were fake. Instead, the president doubled, threatening China with An additional tariff of 50 % If you do not withdraw the 34 % increase imposed on the United States last week.
As a result, the S&P 500 decreased by 4.7 %, increased by 8.4 %, decreased by 5.45 %, recovered 3.1 %, and slipped by 1.5 % – all in the first two hours of trading.
However, Bitcoin has again admired investors with flexibility and relative stability. BTC has gathered about 9 % of its lowest levels to violate the mark of $ 81,000, and has since continued to trade in a range of $ 78,000 – 79 thousand dollars.
More importantly, it continues to stick to simple and advanced moving averages for 50 weeks-pink and yellow-in the price scheme below. BTC has been trading over these levels since March 2023, and the successful closure will indicate that the emerging market has not yet ended.
It’s time to buy a decrease?
Although the news of winding stops may be fake, the financial markets have many reasons to show strength. Haset revealed this Almost 50 countries I contacted the Trump administration to negotiate a commercial deal and reduce the customs tariff.
The European Union, India and Vietnam are all in talks with the United States.
Moreover, there is increasing speculation that the American Federal Reserve can respond to the market collapse while reducing the emergency rate. A closed meeting of the Central Bank Council today has increased and feeding rumors.
Moreover, high global liquidity – as explained by the global global growth growing quickly – indicates that the bottom is close. The encryption market can start seeing a bullish reflection by mid -April, which means it may be the time to buy DIP.
Best encryption to buy DIP
Marginalized investors still allocate a large part of their portfolio to Bitcoin. Permanent analysts note that bitcoin dominance is heading to 66 % in the coming months and that bitcoin price may reach 150 thousand dollars in 2025.
However, ETHEREUM also has also reached a multi -year major support level. With commercial deals and reducing emergency rates, the pipeline is likely to decrease, it is preferable to analyze the risk bonus to move forward in the ETH at the current price point.
Dissive investors should also monitor XRP. Ripple’s close relationship with the Trump administration can make one of the best encryptions for purchase now. It is close to the main support level at $ 1.65, which may provide an excellent purchase opportunity for investors.
Fartcoin It is another attractive investment, given that it is one of the few encryption assets that continues to challenge uncertainty in the broader market with another 11 % rally today.
Meanwhile, new encoding assets are also high in demand. For example, investors buy Solaxy (Solx) In a period of between them, it protects themselves from uncertainty in the wider market.
Behind the powerful whale and demand for retail, SOLX already raised approximately $ 30 million in ICO.
Being one of the prominent Solana Layer-2 currencies, Solaxy is likely to be less than its value in a period of between them. After all, it aims to address the crowded network that Solana faces during severe traffic periods, making it one of the integrated components of the SOL ecosystem.
In fact, some of the famous first buyers and famous influencers call it the next 100x encryption.
