Trump's Policies Impact Bitcoin Market Dynamics
- Market Turbulence: The cryptocurrency market is currently facing turbulence due to Trump's policies and macroeconomic uncertainties, with experts noting increased volatility in Bitcoin prices, reflecting a general risk aversion trend.
- Bitcoin Under Pressure: Bloomberg's Senior Commodities Strategist Mike McGlone warns that weakness in commodity markets and deflationary signals are putting pressure on Bitcoin, a 'risk-on' asset, which could further decline if stock markets experience a sharp correction.
- Dollar Pressure and Bitcoin's Value: CIO James Lavish argues that the increasing US debt burden and potential economic moves by Trump will pressure the dollar, while Bitcoin is seen as a long-term store of value and 'insurance' that will attract capital flows.
- Market Liquidity Issues: Former CoinRoutes CEO Dave Weisberger highlights that Trump's pro-crypto stance initially raised market expectations, but delays in realizing these expectations led to a 'sell the news' wave, with institutional investors still awaiting a clear regulatory framework.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 59745.65 | 63738.83 | 68051.64 | 72044.82 | 76357.63 | 80350.81 | 84663.62 |
| Fibonacci | 63738.83 | 66911.718 | 68871.932 | 72044.82 | 75217.708 | 77177.922 | 80350.81 |
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