Bitcoin

US Trade War BTC Price Downside Risks to Return in July as Bitcoin Analysts Wait for Liquidity Grabs

Key points:

  • Bitcoin lacks volatility catalysts thanks to an American public holiday and a “Nothingburger” federal reserve, the participants in the cryptography market say.

  • US trade deadlines are starting to occupy the stage for risk assets.

  • BTC Action Price should always leave its narrow range this month.

Bitcoin (BTC) became slow Thursday while the analysis chose the key dates of the volatility of cryptography.

BTC / USD 1 hour. Source: Cointelegraph / TradingView

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Cointelegraph Markets Pro and TradingView data have shown that BTC / USD is acting in a narrow range while not securing $ 105,000 as a support.

A combination of geopolitical uncertainty, coupled with the stagnant policy of the Federal Reserve, as well as the United States, the stock market guard contributed to the price action of the lateral BTC.

On the subject of the Fed, which chose to hold stable interest rates at its meeting on Wednesday, the commercial company QCP Capital stressed the reluctance of civil servants to move quickly.

“The officials have reiterated their preference for an” wait and see “approach, pending greater clarity on the trajectory of inflation,” he wrote in his latest subscriber telegram bulletin.

The Fedwatch tool data of the CME group showed that the markets still favored a rate drop in September.

The target rate probabilities nourished for the September FOMC meeting. Source: CME Group

The QCP has rather focused on future deadlines for the US trade war under way as a probable source of volatility in cryptography and risk networks.

“The negotiations remain stagnant and the leaks have become repetitive. The markets can now be less reactive to the titles of incremental prices, “he said.

Key dates include July 14, when the EU should impose reprisal prices on American products and on August 12, when the price break on China expires.

“These future dates could inject the volatility of the episodic drawbacks in risk assets,” added QCP, noting that a “stable result” in the case of China was even more likely.

Bitcoin increases fomc shoulders “Nothingburger”

On shorter deadlines, Bitcoin traders continued to wait for a volatility catalyst to shake the scope.

In relation: $ 112,000 BTC was not “ Bull Market Peak ”: 5 things to know in Bitcoin this week

The popular merchant Daan Crypto Trades has seen a good chance that it will happen in the second half, or even this week.

“Always hanging out in the $ 105,000 area which is the middle of the monthly range and just at the monthly open,” he told X subscribers in a part of his latest analysis.

“The price has been compressed and it is clear that the market is waiting for a major decision.

BTC / USD 4 hours. Source: DAAN CRPYTO TRADES / X

The Skew trader joined those who saw a potential journey to take liquidity at around $ 103,000.

Crypto trader, analyst and entrepreneur Michaël Van de Poppe, for his part, described the Fed event as a “Nothingburger”.

“I guess we will see a test of $ 106,000 and an escape to the north in the coming days,” he predicted the day.

BTC / USD 4 hours of the graph with RSI data. Source: Michaël Van de Poppe / X

This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.