📊 Building on the previous technical analysis, Bitcoin continues to trade within a pivotal range between the resistance level at 85,098.0 and the support level at 80,548.0. While no significant new developments have emerged, cautious optimism dominates the current sentiment, with buyers actively working to counter downward pressures.
🌍 However, the primary drivers of price volatility remain external factors, particularly global economic fluctuations and lingering trade tensions sparked by former President Trump’s policies, which continue to cast a shadow over the market.
🕰️ Over time, the impact of news related to tariff duties is expected to diminish, potentially paving the way for gradual recovery in the coming days 📈. That said, this outlook hinges on the absence of major negative shocks (e.g., unforeseen geopolitical events or abrupt economic policy shifts). Investors are advised to maintain flexible strategies and closely monitor the broader context to navigate potential uncertainties.
🌍 However, the primary drivers of price volatility remain external factors, particularly global economic fluctuations and lingering trade tensions sparked by former President Trump’s policies, which continue to cast a shadow over the market.
🕰️ Over time, the impact of news related to tariff duties is expected to diminish, potentially paving the way for gradual recovery in the coming days 📈. That said, this outlook hinges on the absence of major negative shocks (e.g., unforeseen geopolitical events or abrupt economic policy shifts). Investors are advised to maintain flexible strategies and closely monitor the broader context to navigate potential uncertainties.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.