Re: What's Next For Bitcoin Amid Tariffs and Recession Fears?
.
That said, it’s not all doom. While some experts are expecting continued pressure on Bitcoin amid tightening economic situations, others believe that BTC could regain its role as a safe haven. But for now, the market looks unpredictable. That said, between the economic uncertainty and bearish technical signals, Bitcoin’s short-term path is definitely under pressure and that births my question of what's next.
That said, it’s not all doom. While some experts are expecting continued pressure on Bitcoin amid tightening economic situations, others believe that BTC could regain its role as a safe haven. But for now, the market looks unpredictable. That said, between the economic uncertainty and bearish technical signals, Bitcoin’s short-term path is definitely under pressure and that births my question of what's next.
The technical signals is not very clear to me if bitcoin wants to continue going down. I feel a support around $75,000 was the reason that the price is back to the $80+ levels again. The price is still ranging and looking for direction for where to head to. I just expect that somewhere that the strategy reserve order and the south Carolina support too on their 10% btc reserve bill would start to have more buying hands to come and the price will start rising. However, fingers crossed as we watch market price gradually find an action part to follow.
But are you a "trader" or a HODLer? I believe that MOST of us plebs in BitcoinTalk have become HODLers because of our lack of capital, technical knowledge, we have below average I.Q., and we don't have the resources to deploy an army of bots to automate our trades for us.
¯\_(ツ)_/¯
Although for discussion's sake, you're probably right. I want to believe that the worst of this mini-crash is over though, but Trump is SO unpredictable. He'll probably show us another cardboard with tariffs.
