Bitcoin (BTCIt reached its highest level in April at the Wall Street Open Championship on April 2, when the markets prepared for us “Tahrir Day”.
BTC/USD 1 hour graph. Source: CointeleGRAPH/TradingView
Bitcoin raises the collapse in the American definition count
Data from Cointelegraph Markets Pro and Tradingvief Its highest local levels of $ 86,444 have shown Bitstamp, the best BTC/USD performance since March 28.
The fluctuation remained in the period before US President Donald Trump announced a sweeping round of mutual trade definitions.
The measures will be revealed in the headline of the White House garden at 4 pm East time, with Trump and then holds a press conference.
While the American stocks were traded slightly after the open, Bitcoin managed to return the lost land, as it behaves in a major area of attention full of long -term trend lines.
like Cointelegraph mentionedThese include simple simple averages (SMA) and medium (EMA), including SMA for 200 days-currently missing market support line.
BTC/USD chart for 200 SMA. Source: CointeleGRAPH/TradingView
In his latest observations, the famous trader and analyst Rekt Capital made an additional reference to EMAS for 21 weeks and 50 weeks.
“The monotheism between the two Emas bull market continues. However, EMA for 21 weeks (green) represents low prices with its decline,” “it is books In a post on X alongside an illustrative scheme.
“This week, EMA Green $ 87650 represents. The retreating nature of this EMA will make it easy on BTC $ Breakot.”
BTC/USD scheme for a week with 21, 50 EMA. Source: Rekt Capital/X.
Rotk Capital has been marked More budget news In making, thanks to BTC/USD try to get out of the declining direction that extends over the daily time frames.
Emphasized:
“Bitcoin is one daily candle over it and re -testing the landfill away from starting to a new artistic direction.”
BTC/USD scheme for one day. Source: Rekt Capital/X.
Last month, the daily relativity index of Bitcoin (Rsi) Scale Free from the special downward trend It was in place since November 2024.
Analysis warns 76,000 dollars, the BTC price may return
Continue in the macro image, however, the QCC Capital trade company was not inspiring.
Related to: Bitcoin sales at a rise of 109 thousand dollars at all “much higher” than the Jlassnode tops
“It is likely that” the origins of the risk remain, it is possible that “under pressure” after declaring the definitions.
“In encryption, feelings are still defeated on a large scale. BTC continues trading without condemnation, while ETH keeps the line by $ 1,800. In all areas, encryption markets show signs of exhaustion with many metal currencies that are less than 90 % YTD, with some comrades over 30 % last week,” summarized.
“Without a material transformation in the macro or a convincing catalyst, we do not expect a meaningful reflection. While light location can support higher grinding, we do not chase any bullish movements until the wider macro image improves.”
Previous tariff movements In almost the first quarter unanimously, the price reactions were delivered to the bottom of BTC.
Other industry participants were more optimistic, including the Swissblock Asset Management Company, which argued that “there is no sign of an imminent collapse” that occurred on Bitcoin.
“Will $ BTC keep as a hedge, or follow Trafi in a messenger?” He – she Inquire On the subject of X on March 31, the BTC price procedure describes as “at a crossroads.”
Bitcoin price graph momentum. Source: Swissblock/x.
Swissblock saw the possibility to return to $ 76,000 is the lowest multiple levels In the event of a negative reaction – a 11 % decrease against the current levels.
This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
