The analysis of past supports and resistances allows for projections about future behaviors of bitcoin.
"The current cycle is practically exhausted," commented the director of the asset management firm Narweena, Richard Durant. For this specialist, bitcoin could drop below USD 50,000, although he still believes there would be room for a rise to between USD 100,000 and USD 150,000.
Since Trump's assumption of the presidency of the world's leading financial power, the president has not stopped imposing new import taxes in the United States on an increasing number of countries and sectors. And, not content with that, he threatens to establish more, while counterparts counterattack with tariff reprisals as well.
This trade war generates uncertainty about the future of the economy in the coming months. Additionally, it raises expectations of recession and higher inflation in the United States, given that the new taxes will increase product prices.
"What I am seeing today reflects the sensitivity of the ecosystem to high-impact macro and political announcements, like those made by Trump in recent hours," commented Julián Colombo, general director of the exchange Bitso Argentina, in a message to CriptoNoticias.
