Possible bitcoin price signals, despite the liquidation of $ 393 million

Bitcoin price fell to less than 91,170 dollars on Monday, with the collapse of cryptocurrencies and the stock market.

Bitcoin (BTCHe moved to a technical correction, as it decreased by more than 16 % of its highest level this year.

Its decrease was mainly due to the possible risk of recession in the United States and its impact on the federal reserve.

Donald Trump revealed Widespread On American, Canadian and Chinese goods. These definitions may lead to high inflation as companies are forced to raise their prices. As such, the main title and the basic inflation will remain higher than 2 % for a longer period.

Definitions may also affect consumer spending, which is the largest part of the economy. Many consumers may wait for large purchases to have more clarity on the definitions and the results of possible negotiations.

The Federal Reserve may maintain the high interest rates for a longer period, which affects risky assets such as bitcoin and stocks.

Bitcoin’s crash caused a sharp increase in liquidation, as the exchanges of Saudi positions with use of this closed with a decrease. According to Coinglass, the daily references jumped to nearly $ 400 million, which is the highest in weeks.

There are three main reasons that make Bitcoin the price of Bitcoin revive after Monday’s collapse. First, it tends to end the week positively in recent weeks when it is on Monday.

Second, seasonal data show that bitcoin usually rises in February. It has risen in February of the last four years in a row. The average revenue in February since 2013 is about 14 %, making it the second best month after November.

Third, Donald Trump is likely to use the threats of definitions to negotiate a better deal than he did in his first term. As such, encryption and arrows may refresh when commercial conversations begin, perhaps this month.

Bitcoin price expectations

The daily graph shows that the price of bitcoin has moved sideways in the past few months. It has decreased to the lowest level in 91,170 dollars, which is a major point as it has failed to decrease below since November. This monotheism has created the science pattern, and includes a long vertical line and a rectangular pattern.

Bitcoin price has also been higher than the 50 -day and 100 -day moving averages. Therefore, it is likely to have a strong upward outbreak later this month, as the first goal is the highest level from the year to the date of 109200 dollars.