🌍 After the 2021 bull run, Bitcoin's price began tracking global markets more closely. But with institutions entering the space, BTC now shows resilience against external shocks — suggesting a continued long-term uptrend.
🇺🇸 Recently, Trump's tariff war announcement triggered a brief dip in both traditional and crypto markets. However, after easing the April 2 plan, confidence returned. Still, the market braces for more volatility amid Mt. Gox news — as 11,000 BTC (worth $1B) has been moved, raising concerns.
🧠 Despite the fear, similar Mt. Gox movements in the past had minimal, short-lived effects on BTC. Analysts believe today's market dynamics could absorb this pressure without a major correction.
📈 BTC is currently trading between the 50-day and 200-day MAs, with Ichimoku’s baseline offering solid support. If the price continues its pattern of higher highs and lows, it could test the $90K mark soon.
📉 RSI remains elevated, though with limited momentum. MACD shows buying pressure building, but still in the negative. A breakout above RSI 65 and MACD turning positive could confirm a new bullish phase — all hinging on rising volume in the coming weeks.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
