As tariff announcements approach, the cryptocurrency community focuses on Bitcoin's potential for further movement. Leading analysts share forecasts on how these events could affect the market.
Jelle’s Bitcoin Forecast
Analyst Jelle expresses cautious optimism about Bitcoin's recovery to the $84,000 support level. Despite uncertainty surrounding the tariffs, the market may stabilize post-announcement in the next 48 hours.
> “The market structure looks better and better, reaching the $90,000 zone seems imminent – it's just a matter of time before we return to six-figure prices,” states Jelle.
Insights from Bob Loukas and DaanCrypto
Bob Loukas believes the moment has come to reassess the market. The first quarter saw unusual losses in the crypto sector, but clarity on tariff stories is expected soon. Loukas notes that Bitcoin retains early cycle upward momentum, although weakened by stock market pressure.
> “If the price falls below $81,000, it could indicate potentials for declines to $73,000 and $66,000,” mentions Loukas.
DaanCrypto shares insights on market dominance and stresses the need for Ethereum to regain momentum for greater altcoin success.
> “For altcoins to regain dominance against Bitcoin, Ethereum must gain momentum. Without Ethereum, there is no broader altcoin success,” he claims.
Conclusion
As the tariff announcements loom, the crypto market remains on edge, but experts still see potential growth opportunities for Bitcoin and altcoins. Clarity in tariff matters might become the deciding factor for future dynamics.
Impending changes in trade policy may significantly affect the cryptocurrency market. However, analysts believe that success depends more on Bitcoin's and Ethereum's ability to adapt and continue to grow.
