Amid speculations about the impact of Trump's tariffs, there's a viewpoint that the cryptocurrency bull market might not be over. Let's analyze technical data and potential growth reasons.
Bull Markets in Cryptocurrency
From 2023 to the end of 2024, several altcoins experienced significant gains. BTC broke all-time highs and Solana rose from $8 to nearly $300. While some cryptocurrencies surged tenfold, the market generally experienced 4-5x returns.
Technical Data
The Mayer Multiple marks $66,000 as a key support level following BTC's drop below the 200-day SMA. Historically, when prices dip below the 50-week MA (around $75,500), they tend to test the 200-week MA ($46,000).
Potential Changes
As global liquidity increases, BTC is behaving unusually by moving towards cash bonds. Technically, gaining support at $93,700 opens the pathway for a return to $111,000.
Despite concerns about the end of the bull market, potential changes and technical data suggest the possibility of continued cryptocurrency growth.
