The economic agenda was calm and data flow was weak this week. However Iranian The topic is extremely hot and we have seen many statements in the last 24 hours. As a result, as we moved into the weekend, we saw that the Bitcoin price dropped to around 66 thousand dollars, as predicted. So what are the current predictions of different analysts for Bitcoin?
Why Did Crypto Drop?
Yesterday, Trump postponed the deadline to April 6, which shows that the negotiations are not progressing as desired. Iran does not accept to sit at the negotiation table directly due to pressure from domestic politics, but continues to communicate indirectly. The USA now wants to end the operation with a maximum duration target of 6 weeks.
The fact that the parties do not want to sign an agreement that will lead to defeat and that Iran has received lethal blows necessitates the process to be extended over time in order to have a wider room for maneuver. Iran, which previously announced that it would not give up its nuclear plan, has given up on this according to this week’s US statements. But missile work continues to be a problem. As the US is likely to take action at the weekend to force Iran to negotiate cryptocurrencies in decline. Since the final deadline will expire next week, we need to see concrete steps by next Sunday evening.
European Central Bank and EU officials say that a prolonged war will have consequences on inflation, growth and other items. The Fed, on the other hand, may now consider the possibility of an interest rate increase, let alone a rate cut. Even if Warsh replaces Powell in May, his hands may be tied regarding rate cuts.
Analysts’ Bitcoin Predictions
The analyst with the pseudonym DaanCrypto says that the decline is nothing more than a classic weekend entry.
“BTC The market appears to be exhibiting a risk-off trend ahead of the weekend, as expected and as we have seen over the last few weeks. All eyes are on the $65,600 low seen on Monday last week. The main area to watch for me will be the low end of the range. “We still see a lot of liquidity in this region.”
The environment has been quite good for a long time for short-term traders in a narrow range. The analyst nicknamed Altcoin Sherpa is less optimistic and expects a move below $60,000. Drawing attention to the upper limit of the similar range, the analyst thinks that the ceiling has been tested for a long time and failed, and now the bottom can also be tested for healthy price movement.
Poppe is an analyst who has always been known for his optimism, but as we are approaching the end of the month of BTC He said it would not be surprising if it experienced a deeper correction.
If even Poppe is issuing Sherpa-toned predictions today, the possibility of $60 thousand may be on the table. As we mentioned in the introduction, since the Iranian agenda is very hot, any news to come has the potential to upset those who expect a decline.
