Yesterday, Bitcoin (BTC) priced at $94,000 (USD) before demand rose.
Bitcoin Clime was “driven by a strong combination of macroeconomic and geopolitical factors,” Carolina Gama, country manager at Argentina’s Exchange Bitget, said in his message to encryption.
President Trump’s recent statement points to a more moderate approach to commercial ties with China, and points to strengthening Japan’s relations with India. They brought relief to the global marketsaid the executive. This was reflected in the rebound bags and the cryptocurrency market.
At the same time, “As there is growing institutional trust in digital assets, BTC’s long-term paper is being strengthened as a value reserve,” the Bitget directive states.
Plus, he said that The “active shelter” story gains strength Before the capital of assets was called by dollars. “Bitcoin and gold will appear as the main beneficiaries of this new moment of redistribution of this new global investment,” he said.
Bitcoin leaves the bassist trend
Regarding technical analysis, “Bitcoin has officially abandoned its bearish trend,” analyst Scott Mercer said. This is based on overcoming resistance The main level of USD 88,800, which each rallies have marked in the past few months, falling from the historic maximum of USD 109,000 registered in January.
“The ruptures have occurred in a significant amount, and this has verified the movement. This is also a higher confirmation amount than the first time the market structure is back on an upward trend since its biggest in March.”
Scott Mercer, Market Analyst.
With this movement, It highlights the price of BTC is maintained beyond mobile socks of over 50 and 200 dayswe will re-search them as major technical support.
However, he warned that the market could experience a certain pause. “Nothing moves straight, and it’s not surprising that integrations or new testing arises,” he said.
In this respect, it has been contextualized, Trump’s tone has improved, but his history of sudden change creates distrust among investors Before possible side effects. In this regard, he said that the global market is paying attention to political volatility.
“Bitcoin could be over 100,000 US dollars in June,” Ted Pillow says
According to Ted Pillows’ cryptocurrency investor, Bitcoin forms a pattern known as “head and reverse shoulders.” This type of movement that can be seen next is required by technology analysts and predicts a reversal of bassist trends towards alsistas.
This pattern consists of three consecutive valleys, more central than the other two valleys, as if they were shoulders and heads. When you break that line, It usually indicates a change in trend with bullish potential.
According to Pillow, BTC is now rising from the bottom of the second valley to a historic record price. The third valley may continue to rise, as shown in the following graph.
For pillows, this Prices could rise between USD 102,000 and USD 106,000 in Junea regression to the level between USD 94,000 in the third quarter and a reversal and upward burst into the fourth quarter, “What is probably the biggest point of the cycle?”
“It’s normal for BTC to fix it and then follow a new ATH”: van de Poppe
Analyst Michael Van de Poppe, on the other hand, emphasized that “the explosion of Bitcoin in US$87,000 was important.” Since then, there has been a movement of 9%, up over 7,000 US dollars. So trust it It’s very natural to fold a slight set before the next move.
“It’s very normal to make small corrections with Bitcoin, because there was a massive break. Buyers will step in and continue on their path to a new historic max (ATH).”
Michael Van de Poppe, market analyst.
Beyond the various appearances of Bitcoin price predictions, The impulses he gained gave bullish expectations of the market. In that case, this concept is expected to gain strength unless the bearish trend returns.
