Bitcoin (BTC) reached its new April high at the Wall Street Open on April 2.
BTC/USD 1 hour chart. Source: COINTELEGRAPH/TradingView
Bitcoin is bothering the US tariff countdown
The data from COINTELELEGRAPH Markets Pro and TradingView showed the local high of $ 86,44 in BitStamp, the best performance of BTC/USD since March 28.
The US President Donald Trump has remained volatility and announced that mutual trade tariffs have increased.
This measure will be revealed at the White House Rose Garden at 4 pm, and Trump held a press conference.
Since its opening, US stocks have fallen slightly, while Bitcoin has lost its side by acting in major interests full of long -term trend lines.
As reported by Cointelegraph, this includes a variety of simple (SMA) and index (EMA) moving average, of which 200 days SMA. Currently lost.
BTC/USD 1 day chart with 200 SMA. Source: COINTELEGRAPH/TradingView
REKT CAPITAL, a popular trader and analyst in his latest observation, further mentioned 21 and 50 weeks EMA.
“The integration between the two bull market EMA continues, but the 21 -week EMA (green) is low when it decreases.
“This week’s green EMA represents $ 87650. The decline of this EMA will make it easier for $ BTC to escape.”
BTC/USD 1 week chart with 21, 50 EMA. Source: Rekt Capital/X
Rekt Capital reported more optimistic news thanks to the BTC/USD attempted to escape the extended decline over the daily period.
He confirmed:
“Bitcoin is a daily candle and is a daily candle of the relay that breaks down to the new technical industry trend.”
BTC/USD 1 day chart. Source: Rekt Capital/X
Last month, Bitcoin’s daily relative robbery (RSI) metric has been out of its own decline since November 2024.
Analysis warns that the price of $ 76,000 BTC can be returned.
However, as the macro continued to paint, the trading company QCP Capital was not inspired.
relevant: BITCOIN sales are the highest of $ 1,009,000, the Cycling Top-Glass Node
The risk assets said that the Telegram channel subscribers were “under pressure.”
“In Crypto, emotions are being extensively conquered. BTC continues to trade without conviction, and ETH is maintaining a line with $ 1,800. Brypto Markets has shed more than 30% of the last week, showing signs of fatigue with numerous coins that have fallen 90%.”
“If there is no macro, macro, or attractive catalyst change, we do not expect meaningful reversal. Light positioning may be high, but it does not chase the upward movement until the picture is improved.”
Previous tariffs were almost unanimously lowered in the first quarter.
Other industry participants, including the asset management company, SWISSBLOCK, argued that there is no sign of an imminent collapse in Bitcoin.
“Will $ BTC be held with hedge or are embarrassed by Tradfi?” On March 31, he queryed on the X thread and described the BTC price behavior as “at the intersection.”
Bitcoin price momentum chart. Source: SWISSBLOCK/X
SWISSBLOCK has seen the possibility of returning to a multi -lowest low of $ 76,000 due to a 11%drop in negative reactions and a negative response of the current level.
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.