Bitcoin has factored in a modest price drop in the last 24 hours.
The cryptocurrency’s daily trading volume shows a 29.39% dip as per CMC data. In the last 24 hours, the cryptocurrency market has seen a modest price increase of 0.85%. While international tensions rise in the economic sector, investors watch with bated breath how the digital assets will react. However, so far the external factors have not caused any outcomes in cryptocurrency prices.
Notably, leading cryptocurrency, Bitcoin has factored in a modest price drop of 0.34% and is trading at the margin between the $82K and $83K level. For the major part of the day, it was trading at the $82K range and only recently surpassed intra-day resistance. At the time of writing, BTC was trading at $82,487.50 as per CMCdata.
A few hours ago, it tested the $84K level but failed to hold prices at the range. Meanwhile, leading analysts have discussed similar predictions for Bitcoin in the past day. While Trump initiated the Tariff war, the whole economic sector is watching other nations’ reactions to the recent hike in trade fares.
Subsequently, prominent personalities such as Micheal Saylor and Arthur Hayes have turned their attention to Bitcoin. Saylor said that the cryptocurrency doesn’t have tariffs. Hayes, on the other hand, said that these tariffs could benefit Bitcoin in the long run. He says that it removes global imbalances and weakens fiat currencies.
Is Bitcoin Showing Signs of Bullish Rebound?
Another prominent crypto analyst, Ali (@ali_charts) stated that Bitcoin’s short-term holder realization price hit $90,570. This suggests that the cryptocurrency is getting ready to resume its bull run. Meanwhile, on looking at its technical indicators they also suggest signs of recovery.
BTC/USDT Daily Price Chart (Source: TradingView)
Its Moving Average Convergence Divergence (MACD) MACD line stands above the signal line indicating positive sentiment. Moreover, its RSI value stands at 44.60 as per TradingViewdata. This indicates that the cryptocurrency is inching closer to a neutral market sentiment.
Meanwhile, other altcoins such as PI and Cosmos have shown mixed price movements in the last 24 hours.
