Technical Analysis Bitcoin (BTCUSD): Global financial markets, including the cryptocurrency market, saw a significant decline today. This decline came after US President Donald Trump announced new import tariffs, raising investor concerns about escalating global trade tensions and their negative impact on riskier assets, such as cryptocurrencies.
Technical Analysis Bitcoin (BTCUSD): Market Overview
Following the tariff announcement, Bitcoin (BTC) fell 1.6% to $83136, continuing its struggle to stabilize above the $90,000 level. Other cryptocurrencies also experienced similar declines; Ethereum (ETH) fell 2.9% to $1812, and Ripple (XRP) fell 3.6% to $2.04. This decline coincided with declines in US stock index futures, such as the S&P 500 and Nasdaq 100, of 3.2% and 3.6%, respectively. These movements indicate the growing correlation between cryptocurrency markets and traditional financial markets in the face of economic and geopolitical tensions.
Technical Analysis Bitcoin (BTCUSD): Bitcoin (BTCUSD) Technical Analysis
- Moving Averages:
Bitcoin is currently trading below its 50-day moving average, indicating ongoing selling pressure.
- Relative Strength Index (RSI):
The RSI has fallen to levels near 30, indicating that Bitcoin has entered the oversold zone, which could signal a potential upward rebound.
- MACD:
The MACD line crossing below its signal line is a negative sign, which could indicate further price declines.
- Support and Resistance Levels:
Major support: at $82000.
Main resistance: at $85500.
Trading strategies based on Buy/Sell levels
| BTCUSD | In case of buying | in case of selling |
| Entry point | 81911 | 81529 |
| Target Point 1 (TP1) | First resistance: 82270 | First support: 81192 |
| Target Point 2 (TP2) | Second resistance: 82320 | Second support: 81770 |
| Stop Loss (SL) | 81529 | 81911 |
Amid escalating trade tensions and ongoing selling pressure, Bitcoin (BTC) faces significant challenges that could impact its performance in the short to medium term. Current technical levels indicate a continued decline toward key support levels, with corrective bounces possible if positive technical signals emerge.
Markets currently tend to move within narrow ranges, awaiting external triggers (such as economic data or political/monetary statements), making investment decisions requiring a combination of careful technical analysis and a deep understanding of the macroeconomic context.
