Bitcoin in the Wind.. Important Technical Indicators Threaten the Upward Wave. The cryptocurrency markets have witnessed noticeable fluctuations in recent days, driven by sudden political and economic developments on the global stage, most notably the tariff threats issued by U.S. President Donald Trump, and their immediate impact on market movements. Despite some signs of recovery, technical indicators and awaited economic data remain crucial in determining the upcoming direction, especially given the ongoing institutional flows into Bitcoin funds and increasing fears of sudden policy shocks.
Eyes are now turned towards the Core Personal Consumption Expenditures (Core PCE) data scheduled to be released on Friday, which is a key inflation gauge relied upon by the Federal Reserve in assessing prices and making policies.
Despite the uncertainty, flows into Bitcoin-backed exchange-traded funds (spot ETFs) remain stable, with BlackRock's IBIT fund recording 30 consecutive days of net positive flows—a rare figure highlighting continued institutional interest.
Additionally, the Moving Average Convergence Divergence (MACD) indicator on the daily chart, a widely used indicator to assess trend strength and changes, has turned negative, indicating a bearish shift in momentum.
