“The cryptocurrency market can reach the local bottom in the next two months against the background of global uncertainty about continuing negotiations on trade tariffs. Cointelegraph writes about it with reference to the Nansen report. On April 2, US President Donald Trump intends to present details of a large -scale mutual duties package. Traders are afraid that the US tariffs are provoked by a chain reaction that can develop into a world trade war. “Nansen data is evaluated […]”, – WRITE: Businessua.com.ua
The cryptocurrency market can reach the local bottom in the next two months against the background of global uncertainty about continuing negotiations on trade tariffs. He writes about it Cointelegraph with reference to the Nansen report.
On April 2, US President Donald Trump intends to present details of a large -scale mutual duties package.
Traders are afraid that the US tariffs are provoked by a chain reaction that can develop into a world trade war.
“Nansen data assess the likelihood that cryptocurrency prices will reach the bottom in the period from the present moment to June, in 70%,” said Chief Analytist of the company Orel Barter.
Due to the fact that bitcoin and Ethereum are now traded by 15% and 22% below their annual maxima, the results of the negotiations will be the most important market indicators, she added.
“As soon as the most difficult part of the discussions will remain behind, we will see a more favorable opportunity for cryptocurrencies and risky assets to finally reach the bottom,” Barter said.
Nansen experts noted that the main US stock indexes and the price of bitcoin were not able to rise much above their 200-day sliding average. In this case, the metrics are reduced at shorter time.
“The fragile psychology of the market emphasizes the need for” good news “, which mainly concern the growth of the economy of the United States and tariffs,” they wrote in the report.
Among the most anticipated in this regard this week this week, experts indicated the publication of salary data and the speech of the chairman Fed Jerome Powell.
The editor of the mailing department in Nexo Stella Zlatareva confirmed the waiting position of investors. However, the cryptocurrency index of fear and greed (44 at the time of writing) signals a slight improvement in moods, it added.
Source: Alternative.
“Bitcoin continues to consolidate in the range of $ 82,000-85,000 after a period of directed reversing in the first quarter. The asset is moving in this area with a key support at $ 82,000 and an increase in up to $ 86,500 and $ 90,000, if general moods are stabilized, ”Zlatareva summed up.
Recall that Mn Trading Michael Van de Poppe assumed that the first cryptocurrency could re -test at least $ 76,600 before growth.
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