Bitcoin at the end of March $82,177.37has suffered a slight depreciation of around 83,000 dollars. The price was first observed to rise to $ 88,500 and then decline due to political uncertainties and economic concerns.
Market developments
In March, Bitcoin price increased for a short time, while political tensions and Trump’s new tariff proposals increased sales pressure on the market. The status of former Paul Atkins, a former SEC official who made statements in front of the congress, may have increased the risk perception of investors.
WARNING OF BLACKROCK CEO
Blackrock CEO Larry Fink, the global reserve currency of the US dollar may be at risk due to increasing national debt and budget deficits. The emphasis on the high government interest payments may overcome defense expenditures, the idea that investors can direct them to alternatives.
“The global reserve money union of the dollar is not guaranteed, and this year, government debt interest payments will pass defense expenditures.”
Technical Indicators and Expectations
Bitcoin was subjected to sales pressure at technical levels. While the resistance of $ 90,000 is in the forefront, the possibility of going below the $ 67,000 support level may be a harbinger of deep corrections. Although paraboolic indicators give short -term negative signals, institutional accumulations may continue to be effective in long -term expectations.
The fact that Bitcoin is around $ 83,000 reveals that a cautious approach is expected in the market after March. Economic developments and international political news can closely affect price dynamics.
Investors may be able to act by taking into account technical indicators, support and resistance levels and economic data. Market dynamics are an important element that should be followed as it can be wavy in the short term.
Developments on Bitcoin continue to be shaped under the influence of both economic and political factors. Investors need to follow global economic situation and technical analysis data cautiously and follow market dynamics carefully.
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.
