Fundamentally, the cryptocurrency market (community as a whole) for the past week did not get anything positive as from the very beginning of this year, the growth can be attributed to the 90-day technical break by Trump, but there are a number of nuances:
- the fire has not yet been put out
- just because they gave a 90-day break doesn't mean everything is fine. It's just a head start for the U.S. to prepare for the situation more thoroughly
- The escalating conflict between the U.S. and China has investors looking for less risky assets like gold. Cryptocurrencies are definitely not on that list.
- Rumors of a US interest rate cut are likely to provide support as well.
Resistance levels: 84700, 88800
Support levels: 78200, 73-74К, 66500
I would not hurry with conclusions about further growth. Growth could be considered if bitcoin overcomes 88800 and consolidates above this zone. But a sharp approach or a false breakout of one of the mentioned liquidity zones may provoke a reversal and fall.
Trade at your own Risk 👍
Best Regards, Trade Cryptocurrency.
Stay Tuned for Further Updates.