“Crypto Market’s Fate Hangs by a Thread! Will it Bottom Before June? 📉🚀”
Dear friends, let us ponder the whimsical dance of the cryptocurrency market! It seems our dear friend, Mr. Market, may soon touch his local bottom in the next two moons, amidst the global drama of import tariff talks, which have left investors in both traditional and digital markets with a sour taste in their mouths. 😣
Our esteemed leader, President Donald Trump, has promised to unveil his latest masterpiece – reciprocal import tariffs – on April 2, designed to trim the trade deficit by a whopping $1.2 trillion and bolster domestic manufacturing. And yet, global markets tremble at the mere whisper of such actions. 😱
But fear not, for the wise Aurelie Barthere, principal research analyst at Nansen, has spoken! She tells us there’s a 70% chance that cryptocurrency values will find their footing by June. Yes, you heard it right, dear reader! According to her analysis, BTC and ETH are currently trading 15% and 22% below their year-to-date highs, respectively. 📉
“Nansen data estimates a 70% probability that crypto prices will bottom between now and June,” Barthere confides to CryptoMoon. “Once the toughest part of the negotiation is behind us, we see a cleaner opportunity for crypto and risk assets to finally mark a bottom.” Ah, the sweet relief of a bottom! 🎉
Both traditional and cryptocurrency markets are currently lacking the gusto to push higher, awaiting the fateful announcement of US tariffs. But alas, even the mighty US equity indexes and BTC have failed to break above their 200-day moving averages. The lower-lookback price moving averages are falling like autumn leaves. 😢
“Fragile market psychology highlights the necessity of ‘good news,’ mainly on US growth and on tariffs,” Nansen laments in their April 1 research report. Oh, how we long for good news in these trying times! 🙏
Bitcoin Needs to Hold $82k Amid Crypto Market “Wait and See” Mode: Analyst
Investors, my dear friends, are in a state of “wait and see” mode, hesitant to make any bold moves as markets lack direction. Yet, the Crypto Fear & Greed Index remains above the “extreme fear” mark for a third consecutive session, suggesting a glimmer of hope amidst the continued caution. 🌟
Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, shares her wisdom with CryptoMoon, reinforcing the notion that markets are indeed in a “wait-and-see” mode. She adds:
“Bitcoin continues to consolidate within the $82,000 – $85,000 range after experiencing a period of directional recalibration in Q1. The asset is navigating this zone with key support at $82,000 and upside potential toward $86,500 and $90,000 if broader sentiment stabilizes.”
Other traders eagerly await a Bitcoin breakout above $84,500 as a signal for more upside momentum, all the while navigating the treacherous waters of tariff uncertainty. 🚀
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2025-04-02 14:46