Veteran analyst Tom Demark issues misery of the market signal, is the BTC 2 trillion dollar evaluation in danger?

The price of Bitcoin for a brief period of $ 98,200 on Friday before slipping in a two -day decline, reflecting the low weekend and the increasing kidneys.

Bitcoin is similar to less than 98 thousand dollars, amid the sizes of the lean weekend

Bitcoin slipped 0.7 % on Sunday, May 4, less than $ 96,000 fell for the first time in the middle of the week. The decline coincides with a second consecutive day of losses, after a strong gathering led by the institutionalization of BTC to the highest level in 70 days at 98,200 dollars on Friday, for every Friday. Coingecko Data.

Although the market value of $ 2 trillion is restored for a short period, the bully bitcoin momentum stopped, coinciding with soft weekends and a renewed macro.

On a weekly basis, Bitcoin still rises by 4.5 %, while performance remains for 30 days by 12.8 %, with support from ETF flows and renewed accumulation of American companies bonds.

However, the resistance around the level of 98,000 dollars has proven difficult to collapse, especially in the absence of net macro winds.

At the same time, ETHEREUM’s inability to take advantage of $ 1900 and decrease the volume of future trading via top stock exchanges such as Binance and CME on cautious feelings in the short term during the weekend.

DEMARK warns: The stock of the bear in the United States may be imminent

Tom Demark, the CD of the TD Serial Index and a reliable technical advisor for the main hedge funds, issued a new warning: the US market summit imminent and could make way for the full bear market within months.

Demark, who precisely expected February Top and April Low to be the S&P 500, says that the index shows clear signs of exhaustion.

Its analysis highlights that two other S&P 500 closure highlands will complete the 9 -currency exhaust course, which is a historically reliable sign of direction.

Once this occurs, Demark expects to reduce less than 4,835 from the lowest level of the day of Aprilrepresenting 20 %+ from the highest levels of February.

“The top is imminent.” A lot of technical damage has occurred, “Dimark said.

He also added that the market is still vulnerable to improving global expectations or liquidity conditions.

What is the following: Will DEMARK predict the goal of Bitcoin of $ 100,000?

Bitcoin’s price association with traditional markets, especially the S&P 500, has become increasingly close to the current total environment.

On February 19, when China imposed a tariff for revenge and global markets, Bitcoin’s association with S&P 500 decreased to the lowest annual level of 0.27 %. At that time, BTC acted as a partial hedge, and it was from the stocks.

However, President Donald Trump’s position has strengthened the softening of definitions and the payment of AGRASSIV for price discounts, the broader market morale in recent weeks.

As a result, BTC/S & P 500’s association increased, reaching 0.82 % at the time of the press.

This means that Bitcoin may now respond directly to American stock moves more than moved earlier this year.

If the DEMARK predicted market is driven by geopolitical tensions or inflationary commercial tariffs, bitcoin can attract safe guard flows and maintain upward momentum.

Historical data shows that BTC often benefits from global instability and cash dilution.

On the other hand, if the decrease S&P 500 stems from regular risks such as recession, financial infection, or energy shock.

Bitcoin may not be saved. In such scenarios, investors usually alienate the assets of risk on a large scale, and BTC may have large withdrawals.

Conclusion: Bitcoin’s expectations of $ 100,000 depend on the catalyst

Bitcoin goal is still $ 100,000, and the market ceiling remains $ 2 trillion on hand, but the total risks are now at the forefront and center.

Whether calling the Tom Demark Bear market hinders the BTC track greatly depends on what pays the next wave of shares.

If the policy or trade is, Bitcoin may gather as a hedge. But if the shrinkage caused by deep economic stress, stagnation or energy crisis, the bitcoin price may decrease with the package, as is expected by Deram

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Ibrahim

The encryption analyst that covers the derivative markets, macro trends, technical analysis and Defi. His business is characterized by in -depth market visions, price expectations and institutional research on digital assets.

Responsibility: Is market research before investing in encrypted currencies? The author or post does not bear any responsibility for your personal financial loss.