Bitcoin (Btc) gained 3% on May 1, when in the fresh month low struggles for price maintenance.
Bitcoin presses 3% of daily profits on shorts
Data from CointeLraph Markets Pro i TradingView He showed BTC/USD reaching USD 96,955 per BitStamp, the highest from February 22.
Bitcoin increasingly similar to six numbers increased with American supplies on Wall Street Open, when Microsoft gained 10%to become the highest public value in the world.
Reacting, the popular Daan Crypto Trades salesman suggested that the actions can be on the verge of returning to a lasting stubborn trajectory.
“Actions trade here in a key area,” he wrote Ongoing analysis x.
“I think that the general rule is that if the reserves were included above. 618 fibonacci after a large decline, the bottom is considered as means.”
The accompanying table showed that the S&P 500 is approaching monthly ups, providing recovery in the shape of the letter V.
“Although $ BTC has recently remained better, large movements of the action should continue to affect BTC and Crypto. So watch this zone,” added Daan Crypto Trades.
Another trader of the box observed liquidity from the exchange order to get signs of low -term movements.
$ Btc
Who will be appropriate this time?Long or shorts pic.twitter.com/4xsu86WZSQ
– SKEW δ (@52KSKEW) May 1, 2025
The latest data from resource monitoring Kinglas He showed that you will ask for fluidity density by about USD 97,000 at the time of writing.
Analyst in the macro photo: “In short: bad for gold”
Meanwhile, confident can open, despite the uncertainty of the macroeconomic perspective, because the recession’s fears have returned to impoverished GDP data in the USA.
Related: Bitcoin Eyes is gaining because the macro data makes us a recession of 2025 “basic case”
Since the federal reserve is under pressure to reduce interest rates, different commentators of the cryptocurrency market saw a chance for a stronger return in the coming months.
“Bad macroeconomic data appeared, through which the pressure on the Fed increases to start a cash printer again”, Crypto trader, analyst and entrepreneur Michaël van de poppe he said X observes in the part of the post of that day.
“Ultimately good for risk assets. Short -term, bad for gold.”
Xau/USD fell by more than 8% compared to its ups of all time observable in April, and oil also suffers.
This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.
