Bitcoin price hovers around $94,950, causing concern among altcoin investors. What to expect from the Fed minutes regarding the crypto market?
Current Bitcoin Situation
Despite the downward trend, institutional interest in Bitcoin remains strong. Companies like MicroStrategy continue to buy the cryptocurrency. Over the past month, more than 34,000 BTC were acquired at prices below $95,000. Individual demand is at a five-year low, but on-chain accumulation has been ongoing since June 2024.
Support and Market Forecasts
Analyst Ali Charts identifies critical support levels for investors to consider. Based on the four-hour chart, TD Sequential suggests a buying signal for Bitcoin price recovery at $93,500 support level.
Trump, Dollar Index and Crypto Market
The dollar index rises with Trump's statements. US plans to impose additional tariffs strengthen the dollar, putting pressure on cryptocurrencies. Analysts believe the post-2017 scenario may repeat.
The current situation in the cryptocurrency market remains tense, but institutional interest and market signal analysis offer hope for price recovery. Political factors such as US policies also play a critical role in market movement.
