The American markets are experiencing one of the massive withdrawals, with major actions plunging by a huge margin. Cryptographic markets have also reheated, recording more than $ 500 million in liquidation. The lowering waves were deployed on the markets due to Trump prices with an impact on the global markets. The volume of trading has increased, increasing the sale pressure, while market capitalization fell nearly 2.63 billions of dollars.
Will Bitcoin reach $ 250,000, or will the macro opposite are dominant?
Since the announcement of the prices, the markets have started to undergo massive sales pressure due to a significant increase in uncertainty. While gold prices continue to mark new heights, the strength of the US dollar has constantly plunged. The Doxy index had to face a massive withdrawal of 2.83% while maintaining the crucial support at 100.
As we can see in the table above, the index ofx seems to be in depth difficulty because the Dxy has printed massive lower candles that we do not see in recent history. This could be a massive optimistic signal for Bitcoin and cryptographic markets, as investors can find them a Haven asset compared to the USD. On the other hand, the BTC’s hash rate jumped and marked a new ATH at around 975.96 m, referring to an increased mining activity which highlights the feelings of the bull market.
The increase in the BTC hash rate suggests a more secure network that could strengthen the investor’s confidence. Despite the bullish signals, the BTC prize should break the crucial support because the starry token could soon face a death cross.
Where is the Bitcoin price (BTC) which then goes?
It is quite obvious that the sales pressure has been shown on the BTC prices rally in the past few days. Consequently, the support at $ 81,000 will be tested from now on. However, a prolonged withdrawal at $ 80,000 should confirm a lower model, which could generate the price below the range.
As the graphic above shows, the 50/200 day mas goes to a lower crossover while the price experiences an equal bull and down pressure. If the domination of the seller continues to prevail, the price of the BTC should train new funds for the year which could trigger a high recovery phase, recovering the resistance levels lost above $ 85,000. This suggests that Bitcoin is about to offer a good buying opportunity in the coming days, probably below $ 79,000.
