Bitcoin’s price can be pumped after the Trump Liberation Day letter

Bitcoin price was more than $ 80,000, as encryption and shares investors remained cautious before the tariff speech on Donald Trump’s liberation day.

Bitcoin (BTCIt was circulated at $ 84,500, an increase of 10 % of the lowest level in March. Meanwhile, the futures market futures in the United States indicated a decrease, as Dow Jones and NASDAC decreased by more than 300 points.

The day of Trump’s liberation here

It will be the main catalyst for Betcoin, Altcoins, and the stock market Trump’s liberation day A letter in the garden of roses. In this title, a mutual tariff is expected to announce in most countries, including the European Union, China, India and Japan.

Analysts warn that these definitions can lead to great recession this year. Goldman Sachs and Pimco raised recession to 35 %. The contraction is likely to result in delaying business investment and weakening consumer spending.

In theory, the price of bitcoin should decrease as soon as Trump announces the definitions. However, in practice, BTC and stock market may be bounced.

There are three main reasons for this. First, the liberation day tariff was already priced by the market participants, as Trump discusses them for weeks. As such, the market may “buy the truth” once the advertisement is issued.

A good example of this is how the Bitcoin price jumped to a record level in Trump’s inauguration and then decreased after he became president.

Second, Bitcoin has succeeded in great challenges in the past. Not only did it survive, but flourished during the Covid-19 and the difficult organizational age in the shadow of the president of Sec Gary Gensler. In e -mail note to Crypto.News, Gadi Chait, XAPO investment manager, reduced the current fear:

“Prices may swing these speculators, but in the end, this is just a noise. Bitcoin has always been and will always remain a long -term play; its value lies in its inherent sovereignty, decentralization, limited nature, not fluctuations in the short term.

Finally, the recession can be already optimistic about Bitcoin and other risk assets, as the Federal Reserve may lead to reducing interest rates and re -providing quantitative mitigation.

Bitcoin price has strong techniques

The weekly plan shows that Bitcoin still displays strong technician. It has formed an upward channel and is currently sitting near the minimum. The last time I touched this level in August last year, and it turned to the highest new level ever shortly after.

Bitcoin has also remained higher than the moving average for 50 weeks, which is another ascending mark. As such, BTC is likely to bounce and may reach $ 100,000 in the coming weeks. A break down the bottom side of the channel will nullify the ups of the ups.