Bitcoin (BTC) prices found a strong support zone in an area that is close to $85,000.
As explained in Cryptopedia, the education section of encryption, support is price (or more accurately the price range), in this case it is difficult for BTC to cross down.
The following graph, created by the TradingView tool, shows Bitcoin behavior after January 2024:
In the previous image, the method is observed The $85,000 zone repeatedly served as support, resistance and left-right areas Parabitcoin.
It is not uncommon for BTC to continue this price until at least next Tuesday.
what’s happening Tuesday? That will undoubtedly reveal what will happen with US tariff policy. Imports in strategic regions such as Canada, Mexico, China, and the European Union.
If US President Donald Trump decides to continue the “customs war,” the market will likely respond.
On the other hand, if the stance is relaxed and a more liberal economic position is adopted, international tensions will decrease, allowing BTC to be shot.
Until now, There are vague indications about what will happen. There is hope that everything will improve, but Trump has given him an indication that he is willing to extend the “war” if a favorable US agreement is reached.
therefore, BTC can continue around this equilibrium point The next five days, and perhaps, the upside or loss as rumors and media has been revealed.
Analysts at Exchange Coinbase commented:
«This was a quiet week in both the cryptocurrency market and traditional risks. Participants said market uncertainty increased on March 27 after President Trump announced he would impose a 25% tariff on all car imports along with tariffs equivalent to commercial partners as he predicted tariffs. Nevertheless, the market remained relatively stable, but we believe this is primarily due to short position coverage rather than basic operations.
Coinbase analyst, cryptocurrency exchange.
This said, it is worth clarifying it in the medium and long term They generally maintain optimistic expectations for Bitcoin this year.
The historic maximum achieved by BTC on January 20th can exceed 2025. Some analysts predict that digital currency will reach 120,000, 140,000, and even $200,000 through December 31st.
A good week for altcoins
In this context of Bitcoin’s left and right side, many investors have turned to cryptocurrencies to get bigger returns.
This is why at the time of this publication, over 50 cryptocurrencies (within the top 100 per market capitalization) are green numbers at weekly levels.
As you can see in the image below, Cronos (CRO), 4 (Form), Berachain (Bera), Curve (CRV), and Makerdao (MKR) stand out.
in the case of 4 (Though tokens linked to the Memocoin industry are not exactly Memocoin.) The rise is described as an incidental result of the “game stop effect.” A quick rating of Gamestop (GME) actions considered by many “meme” actions that influenced some humorous cryptocurrency, like Cryptooticies reported a few days ago.
ChronosMeanwhile, it is the native cryptocurrency of Exchange Crypto.com. News about the end of a judicial dispute with the US Securities and Exchange Commission (SEC) has led to CRO prices rising 35% this week.
Prices that He was positively affected by the initiation of liquidity tests at Bellachine. This was a technical novelty that was highly anticipated by investors in this network as it would allow for decentralized governance.
Mountain climbing CRV It is explained by the extension that curved dispersion exchange has. A greater acceptance of the new liquidity pool and its Stablecoin CRVUSD (now includes tokenized Bitcoin as collateral) is supporting the price of CRVs.
Finally, MKR He continues to enjoy the fun times after the rebranding of the radio station (formerly Makerdao and now Sky). Furthermore, the protocol expanded to Bellachine at the end of February, so both developments complement each other.
(tagstotranslate)Bitcoin (BTC)
