BITCOIN SHORT-TERM SUPPORTS
So long as 
BTCUSD remains between the black lines, it remains bullish. The area below the green dots is danger zone that might trigger a bearish trend, which would be unfortunate for cryptocurrency investors
BTCUSD remains between the black lines, it remains bullish. The area below the green dots is danger zone that might trigger a bearish trend, which would be unfortunate for cryptocurrency investorsTrade active
Below 90K is possible given the recent news on:
-Trump’s possible retaliatory tariffs, the end of one-month suspensions, and potential tariffs on the EU
-The Fed’s recent report hinting at ending QT in June
-Higher inflation expectations
Negativity would shift the cycle top towards mid-2025. However, an announcement regarding a BTC strategic reserve could drastically alter the trajectory.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.