Bitcoin (BTC) Price was not able to support more than 100 thousand dollars on Tuesday, against the background of updated hope for a resolution in the agreement of the United States-Mexico-Kanada (USMCA). In anticipation of the planned conversation between US President Donald Trump and Chinese President Xi Jinping, Peking plans to introduce a 15 percent coal tariff in the United States and liquefied natural gas (LNG) among other control measures in the coming days.
Short -term macroeconomic uncertainty influenced the main stock indices in the bear perspective. Thanks to the crypto -industrialism led by Bitcoin, depicting a positive correlation with the main stock indices, most crypto experts believe that making some profit is reasonable.
Key targets for bitcoins today
To understand how Bitcoin’s price will probably work in the next 24 hours, it is advisable to study the price effect over the past three months. From the point of view of technical analysis, the price of bitcoins forms a horizontal channel, as a result of which the upper range is from 108 to 109 thousand dollars. USA, and the lower range is from 89 to 91.5 thousand dollars. USA.
In the past few days, the price of bitcoins has formed a decline in a drop in lower minimums and smaller maxima. As a result, the price of bitcoins is likely to fall again below the support level of about 96 thousand dollars. USA, for an average purpose of about 91 thousand dollars. USA.
Nevertheless, bear feelings will be invalid if the price of bitcoins gets out of the fall of a logarithmic trend in a four -hour period.
Market picture
The short -term macroeconomic uncertainty caused by tariff wars contradicted the continuing negotiations on the implementation of the BTC strategic reserve in the United States. Already individual states are already holding the federal government, despite the fact that the Donald Trump administration issues an order to help create a strategic reserve BTC.
Meanwhile, IBIT BlackRock continued to actively accumulate more bitcoins, as a result of which he recorded a net inflow of funds in the amount of $ 249 million on Tuesday.
