Analysts comment on Bitcoin Price (BTC) high. (Image: Chatgpt)
THE Bitcoin (BTC) Returned from the holiday of Easter with hunger for new levels price. Greatest cryptocurrency From the world renewed levels that were not seen practically since the tariff of US President Donald Trump.
At the maxims of the day, Bitcoin even leaned against US $ 91.5 thousand And remains above the psychological support of $ 91,000 on Tuesday (22).
The technical analyst and trader partner of Ripine, Ana de Mattos, It points out that, after reaching a minimum of $ 74,508 on April 7, the price of Bitcoin started a strong rise movement and reached $ 89,888 until last Monday (21).
Taking into account today’s maxims, the valuation of Bitcoin is approximately 22%, taking into account the price supports pointed out by the analyst.
“If there is continuity of discharge, the price of the main cryptocurrency of the market will find resistance at $ 91,500, and this price range is an extremely strong liquidity region and can have strength winner To reverse the movement of the asset, ”comments Mattos.
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Bitcoin’s Bullish structure (BTC)
But what motivated today’s discharge?
“This movement has diverse causes, including the recent devaluation of the dollar, which favored Bitcoin, while institutional investors turned their attention to cryptocurrency, taking advantage of relevant supports to buy, given the possible approval of BTC reserves by various states,” comments Vanessa Oliveira, partner analyst of Novadax.
The analyst states that the discharge of the BTC may also have some correlation with the recovery of the S&P500, which, after strong settlements, has re -rose even in the midst of uncertainty about global interest rates.
Still, the traditional market accompanies the Rusga among the president of the Federal Reserve (Fed, the US Central Bank), Jerome Powell and Trump. The result of this dispute can bring – even if by force – the US interest rate downwards, which tends to value risk assets such as bags and cryptocurrencies.
Finally, it is worth remembering that the cryptocurrency market is highly volatile and sensitive to macroeconomic news. The investor must maintain a responsible portion of his resources in digital assets.
Source: Moneytimes
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