3 disturbing developments for BTC bulls, which indicate a break on the downside ranging from $ 90,000-110 thousand dollars

Since early 2023, Bitcoin (BTC) has operated a classic bull race, characterized by increasing prices followed by periods of monotheism that determines the stage of the next movement higher.

The constant standardization of the encoded currency is between $ 90,000 and 100,000 dollars is the third of the wider bull from $ 20,000. The consensus is that it will end in the outbreak of the bull, just as those in mid -2014 and 2023 did.

However, the following three developments indicate otherwise.

Tightening liquidity of the US dollar

If there is one thing that any group of assets, not just encryption, does not hate usually, it is the tightening of light liquidity, especially the global backup currency, the US dollar (USD). To the dissatisfaction of the BTC Bulls, tightening liquidity in dollars due to several factors, as Arthur Hayes, the chief investment official of Maelstrom, noticed on X.

It is worth noting that the monetary balance of the US dollar, which was held in the General Treasury account (TGA),, the account of the United States government’s examination at the Federal Reserve, increased from 623 billion dollars to 800 billion dollars in four weeks, according to the Macromicro data source.

After the United States reached the maximum debt imposed on self. hope The treasury will decrease TGA balance as part of unusual measures to maintain the government’s work, which unintentionally enhances the economy and markets. This is what the Treasury did during the issuance of the previous debt ceiling in early 2023, which raised the increase in risks in stock and encryption markets.

“We look at a scenario where the main liquidity sources dried up or are controlled more compromised. This may lead to slowdown in economic activity, high borrowing costs, and possibly a more challenging environment for risky assets, including encryption,” Andy, Lyan, Leader Thought and expert Blockchain International Governmental, He said on x.

Trump administration “for” BTC Strategic Reserves “

Since President Donald Trump took office on January 20, he was actively pursuing various promises of campaigns related to definitions, illegal immigrants and international affairs.

However, there is a noticeable exception: the creation of BTC strategic reserves. It was a great catalyst behind BTC’s increase from $ 70,000 to more than $ 100,000.

The Trump administration appears to be more careful, and has chosen the feasibility of creating such a reserve. It is a disappointing transformation of encryption investors who expect quick measures on this initiative, similar to Trump’s rapid responses to other issues.

“Wait, Trump said he would do $ BTC reserves, and he is not considered“ evaluating it. ”Jim Bianco, Macro Strategic President in Bianco Research, LLC, said that the evaluation/study is what Washington does when they do not want to do something.

BTC fell from more than $ 100,000 to $ 96,000 during the night trade after Trump Caesar encrypted CNBC said The upper agenda element for the new team is the feasibility of the Bitcoin Reserve.

The appearance of a 2021 pattern is at the forefront

Finally, those who are looking for artistic plans may want to measure the next step to withdraw the 24 -week relative index on their screens.

This is because the oscillator has recently diverged in a step marked by the summit of 2021. The difference in the declining relativity index contrasts with the high prices, indicating a slowdown in the bullish momentum.

RSI produced a decrease in the highest level to the highest level in December, as it has been quietly diverged from the continued upward trend. This is similar to the 2021 style.

The negative setting will be nullified in the event of RSI crossing over the falling direction line, which represents the difference, indicating the presence of renewed upscale momentum.