Bitcoin dropped to $87,000 after yesterday’s Davos chaos, but is now over $90,000. Although the losses in altcoins are reversing for now, it is too early to rejoice. US PCE data will be announced later. So what are the analysts’ predictions?
Bitcoin (BTC)
Ali Martinez BTC It draws attention to $85,180, which corresponds to the 730-day SMA for . Satisfied with this level being maintained, the analyst says that historically important market transitions begin at the 730-day SMA. BTC tested this threshold recently, and the previous breakout brought a 55 percent loss.
If we see that historical data produces the same results, BTC may return to the $ 56-76 thousand range with the loss of the key level. This situation will have devastating consequences for altcoins.
Washigorira thinks this could be a trap for the bears, as BTC, which fell below the support trend line yesterday, has regained the important threshold again. Yesterday’s downward breakout could not be confirmed and it is crucial to regain the bearish FVG above. Final GDP today and Core PCE It may be a turnaround time for BTC, whose data will be announced.
Cryptocurrency Markets
The year 2025 revolved around tariff discussions and BTC fell at least 10 times due to showdowns. And of course, the rises triggered by the new agreement after each showdown. If we include the Iran attack and other events in the same group, we can say that the graphs are largely moved by Trump.
BTC now it’s over $90k again because Trump withdrew proposed 10% EU tariffs following the Greenland deal framework. US stocks gained ~$700 billion in value in a single session. Gold and silver lost value as risk appetite returned.
Policy headlines move markets faster than fundamental indicators. Trump always wants more and gets convinced for less, and it’s happened again. Although it is unclear whether he will change his mind tomorrow, Trump signed an agreement that he is happy with, so if the conditions are not changed, the declines caused by Greenland may end.
The inflation indicator that the Fed will monitor will come out today, and even if it is low, the Fed will most likely not make a cut on January 28. The recovery in employment data prevented this. However, if the PCE is high, this may be due to rising inflation while employment recovers. in crypto may cause further decline.
