For Bitcoin to experience a robust growth, both technical and macroeconomic conditions need to align. Analyst DonAlt highlights the significance of a support level and the impact of political statements.
Importance of Technical Support Level
DonAlt emphasizes that for Bitcoin to maintain its bullish trend, it must reach the $90,000 mark and establish it as strong support. Technical analyses show that acceptance of this level as support can reduce selling pressure and enhance price stability. If Bitcoin solidifies this level on daily, weekly, and monthly charts, its upward potential may strengthen.
Political Factors Play a Determining Role
Macroeconomic developments significantly impact Bitcoin prices. According to DonAlt, negative statements from the U.S. President could hinder Bitcoin's bullish trend. Political actions, such as tariff threats, can destabilize global markets and reflect in the cryptocurrency market. Avoiding such statements can enhance investor confidence, facilitating upward movement in Bitcoin prices.
General Conditions for Bitcoin Growth
A decrease in macroeconomic uncertainty and stabilization of technical indicators can increase investor interest in Bitcoin. By closely monitoring critical levels and political events, investors can make more confident decisions in the cryptocurrency market.
For Bitcoin to recover, a combination of stable technical levels and absence of negative political factors is needed, creating conditions for increased investor confidence.
