The cryptocurrency market has faced challenges throughout the first quarter and continues to show weak performance in the second. Key questions revolve around its future prospects.
Signals of a Cryptocurrency Rally
Recent news about tariff negotiations has captured attention. Last month, Donald Trump stated that "tariffs are coming, and there will be no backing down". While the expected tariffs raised concerns about a potential recession, his tone has now shifted, indicating positive negotiations, which may suggest a decline in market fear.
CryptoCon reports that there are confirmations for a bullish trend, citing the low volatility observed during this period.
Forecasts from Cryptocurrency Experts
Ali Martinez noted that ONDO Coin is consolidating within an ascending channel and may test the $0.73 level. This could indicate an approach to the bottom.
Washigorira suggests that after testing the bottom, Ethereum's price could move back toward $3,600.
Crypto Fella also confirms similar insights, stating that Ethereum is testing significant levels, and "I believe a bottom point is near".
Current Situation and Sentiments
Currently, BTC is priced at $84,800. Market participants are looking forward to the next Fed meeting in 22 days, where inflation risks and recession concerns will be discussed. Powell mentioned that "there is still time to act".
The cryptocurrency market is gradually adapting to current economic conditions. Expectations for growth amid low volatility and expert forecasts are generating interest among investors.
