Bitcoin enters April amidst uncertainty as investors search for new growth drivers. Concerns over trade tensions and economic instability persist.
Current Market Situation
Bitcoin is set to close March with a decline of over 10%, extending a three-week losing streak. Major pressures come from high U.S. tariffs and a slowing global economy.
Impact of Geopolitical Factors
Ongoing trade tensions and the Fed's decision to delay rate cuts are affecting cryptocurrencies. Investors are hesitant to invest in risk assets amidst recession fears.
Expectations and Prospects
Bitcoin may remain in the $85,000-$95,000 range with limited institutional interest. Short-term recovery is possible with U.S. government support. However, Trump's initiatives will be decisive for Bitcoin's near future.
April will be crucial in determining the market's future direction. Avoiding a trade war could lead to a swift recovery.
