Bitcoin (BTC) $89,294.82US President Donald Trump’s “strategic Bitcoin reserve” policy and inflation concerns in the last 24 hours due to 10 percent fluctuations. The sales pressure of long -term investors kept the BTC below the $ 92 thousand resistance, while the ETF’s $ 134 million output also triggered a decline. Market analysts predict that Bitcoin can test $ 82,000 due to macroeconomic uncertainties.
Long -term investors sell BTC
Behind Bitcoin’s decline to 84 thousand 600 dollars, the increasing sales activity of long -term investors lies. According to Santimement data, BTC Age Consumed Metric (investors moved BTC‘s inactivity time) rose to 15.9 billion. This corresponds to an increase of 450 percent compared to the beginning of February.
Commercial tax increases and inflation concerns announced by the Trump administration led investors to make short -term profit purchases. On the other hand, Trump’s statement that BTC will be taken from the market for the “strategic reserve”, but there was no sustainable rise even though the price in the first place was up to 91 thousand 200 dollars. Analysts, macro data Crypto Money Market He warns that his pressure will continue.
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Bitcoin Price Analysis, Comment
Bitcoin, Donchian Channel According to the indicator, 78 thousand 258 dollars (support) and 99 thousand 475 dollars (resistance) is moving in the range. Although the daily volume increase supports the rise from 84 thousand 600 dollars, enough momentum has not yet occurred to overcome the $ 92 thousand resistance.
Technical analysis indicates that BTC can test the level of 87 thousand dollars in the coming days. The average daily fluctuation (ADR) remains 1.25, while the futures market is an additional obstacle to the rise of 382 million dollars. Experts emphasizes that the closing of candle closures that will be over 91 thousand 200 dollars can trigger a new rally, but the inflation data to be announced should be carefully monitored.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
