The cryptocurrency market can see the local bottom in the next two months among the global uncertainty related to current import tariff negotiations, which limit the mood of investors in both customary and digital markets.
US President Donald Trump is to describe his mutual import tariffs on April 2, funds aimed at reducing the estimated sales deficit of USD 1.2 trillion and increasing domestic production.
While Global Markets had a hit since the first tariff announcement, the cryptocurrency valuation has a 70% chance of finding their DNA until June, according to Aurelie Barthere, the main analyst of research on the Nansen Crypto intelligence platform.
The research analyst said Cointelegraph:
“Nansen data estimate 70% likely that cryptocurrency prices will be the lowest from now to June, with BTC and ETH currently trading 15% and 22% below their years, respectively.
“When the most hard part of the negotiations is behind us, we see a cleaner opportunity for cryptocurrencies and risk assets to finally mark the bottom,” she added.
Related: Bitcoin can reach $ 250,000 in 2025
Both traditional and cryptocurrency markets still do not have much momentum before the US tariff is announced.
BTC/USD, 1-day chart. Source: Nansen
“In the case of the main American capital indexes and for BTC, the appropriate price charts did not return to their 200-day average medium, while average moving prices than lower falls,” wrote the Nansen in the study of April 1. report.
“The delicate market psychology emphasizes the need for” good news “, mainly in terms of US and tariff growth,” added a report.
Related: Michael Saylor’s strategy buys DIP Bitcoin from the purchase of USD 1.9 billion
Bitcoin must accommodate USD 82,000 among the cryptographic market “Wait and see” mode: Analyst
Investors are currently in “Hi and View mode” and they hesitate whether to accept large items because the markets are not directed.
However, the Crypto Fear & Greed indicator remained above the “Extreme Fear” sign during the third in a row of the session, which suggests marginal improvement despite constant caution, said Stella Złatareva, the editor of NEXO, NEXO shipping, said Cointelegraph.
“This strengthens the view that the markets are in the waiting mode and see,” said Złatareva Cointelegraph, adding:
“Bitcoin is still consolidating in the range of USD 82,000 – USD 85,000 after the experience of directional reality in the first quarter. Navigation assets in this zone with key support of USD 82,000 and the potential of growth compared to USD 86,500 and USD 90,000, if wider sentiments stabilize.”
Other traders are waiting for the Bitcoin breakthrough above USD 84,500 as a signal for a larger rush in connection with the ongoing tariff uncertainty.
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