Bitcoin (BTC) $104,470.79 price Over 101 thousand dollars, but the day continues with 3 percent loss. Of course, the Altcoins is more equivalent. When everything was right, the BTC retreated again, but that was not unexpected. So what are the reason and expectations of the fall?
Why do crypto coins fall?
Bitcoin price Naturally, it is naturally retreat because it cannot win the resistance area over 105 thousand dollars. In addition, customs duties are still above the March levels. In other words, after seeing the death, we saw that the markets that are willing to malaria made a rapid pricing. Essentially, when we saw these rates a few months ago, there was a concern of recession in the markets.
Hopes that the tariffs will be solved are still alive and Trump’s meeting with Chinese President Xi at the weekend will be a great development. It is still possible for Xi to arrive in the United States in June. BTC He retreated because he did not exceed a level that he had to overcome, but he has not lost six -digit levels.
Miky mentioned that there may be a withdrawal up to $ 93 thousand in his assessment, but then the price was over 103 thousand dollars. A few more analysts shared this expectation because this is the event of resistance.
Crypto coins, Bitcoin guess
The good news is that the increasing expectation that the impact of the tariffs will decrease significantly is yet. ETF It was not reflected in his data. ETF entrances that will come close to daily closing today will probably be supportive. The strengthening of net inputs that have lasted for several weeks with the clarification of the tariff issue supports spot markets.
Moreover, we have not seen anything to fuel the fear of risk markets. SPX still BTC While falling, the day continues with 3 percent earnings. So, under the leadership of BTC, what is experienced in crypto currencies may be the withdrawal of those who are late at lower prices.
Crypto Coins Always full of surprises. Since May is the period when the “Sell and Go on vacation” mode is opened historically, the recession concerns have the potential to distract the markets until August, as the effects of the tariffs will be permanent, albeit limited. CPI data, which is expected to come to 2.4 %tomorrow for those who focus on short term rise, can be an important trigger.
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.
