Bitcoin $84,933.38if it closes the week below $ 82,000 below the critical support level, there are assessments that prices may occur in prices. Within the scope of the execution decision signed by US President Donald Trump, the Bitcoin reserve, which is planned to be created with crypto beings seized from criminal incidents, seems to have not met investor expectations. This development is expected to have a short -term negative impact on investor sensitivity.
Market developments
Bitfinex analysts, Bitcoin investments are not made directly and short -term negative reaction in the market, he said. While investors waited for federal accumulation to give a strong corporate support signal, only the fact that existing assets are based negatively affected the expectations.
“Investors hoped that federal Bitcoin accumulation would provide institutional support. However, it has reduced expectations to progress through existing assets. ” – Bitfinex analysts
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Bitcoin is below 90,000 dollars of psychological level. While investors act with the expectation of closing above the support level, it is interpreted that this may lead to sudden changes in prices.
Macroeconomic factors
Dispatch Analyst Iliya Kalchev from Nexo said Bitcoin price movements are also affected by global trade concerns and macroeconomic developments. Inflation data to be announced in the national economy and labor market indicators are expected to attract attention next week.
“Next week, important data on the US economy will be on the agenda. Inflation and labor data can reshape market expectations. ” – Iliya Kalchev, Nexo
When the technical indicators are examined, it is seen that RSI, which measures Bitcoin’s relative power, is watching in the over -selling zone. This is closely monitored by investors because it has given signals of recovery in the past.
The current situation of the market can prepare the ground for fluctuations in the short term with the combination of technical and macroeconomic factors. Investors are expected to determine strategy according to these carefully monitored technical levels.
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.
