How will Bitcoin and Altcoins interact

Bitcoin and most Altcoins fell on Tuesday, when encrypted currencies were waiting for the next David Sacks press conference.

Bitcoin (BTCIt hovers about $ 100,000, while most blue chip like Ethereum (Eth), Cardano (Lead), And ripple (XrpIt was barely transferred.

The smaller names like Raydium, Melania Meme, Bittensor and Airodrome Finance are the best coins.

One of the possible reasons for this performance in the market is that the renewed trade war between the United States and China, which may lead to inflation. The United States has implemented a 10 % tariff on Chinese imports, while China responded with its own luxury and the investigation of Google.

On the positive side, the two countries may agree to stop these measures to allow negotiations. The United States is already Stop definition tariffs on Mexico And Canada.

Bitcoin and Altcoins are expected to interact with a press conference by David Sacks, AI and Crypto CZAR, who will address the main priorities of this industry. Its conference will also include encrypted lawmakers such as Tim Scott and John Bouzman.

This press conference will be extremely important, as President Trump has identified the leadership in artificial intelligence and encryption as a major axis of its administration. Bags are expected to determine the approach of management and possible priority fields.

Some potential topics include the criteria for approval of the funds circulating in exchanging encryption and simplifying regulations.

Will Bitcoin and Altcoins rise or fall after the press conference?

The Sacks Conference comes at a time when artistic indicators indicate a strong upward outbreak. The weekly graph shows that Bitcoin formed a cup and a handle between November 2021 and October 2023. This style had a round and handled bottom between March and October 2024.

Bitcoin has also formed an up -to -bullifier plan, consisting of a long vertical line followed by a science -like unification. I moved over the averages of the movement for 50 weeks and 100 weeks, indicating a potential force.

As a result, Bitcoin is likely to refresh and move towards resistance at $ 123,000. This goal is calculated by measuring the depth of the cup – 77 % – and applied the same distance from the upper limits of the cup.

Bitcoin’s bullish penetration will pay gains in Altcoins such as Ethereum, Solana and Cardano, because they have a close association with BTC.