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Bitcoin (BTC) is currently exchanging over $ 90,000, which is confirmed by impressive bouches after 28 February dropped below $ 79,000. However, this euphoria remains colored with strong uncertainty. This week he promises to be hectic with several key events, including the US summit on crypts. Investors oscillate between hopes and panic and the crypto market can reserve new surprises.
High -voltage output Bitcoin
Bitcoin course exceeded Key Resistance 91 500 $Strategic level for traders.
If this area has, we return to the right direction with a new goal: an old historical record.
Michaël van de Poppe, founder Mn Trading.
As a reminder, BTC has already reached $ 109,000 in January Before diving.
However, this ascent remains fragile. Despitean increase of 5.7 % per 24 hoursThe Crypto of Fear and Glossness Index remains in “Extreme fear” in 25. A picture that shows that investors are not balanced.
How to summarize Mandric, an anonymous merchant on X:
In 13 years of observation of bitcoins, only one conclusion is necessary: no one knows what is happening.
- Bitcoin rose to $ 94,727, March 2.
- Resistance $ 94,000 could be a difficult wall;
- The nervousness of the market is explained by regulatory and economic uncertainties.
So, will the BTC fly out or be forcibly rejected by this resistance?
Crypto market suspended at the top of the White House
On March 7, the US Summit on crypts could affect the Bitcoin trajectory. More than 25 participants, including members of the presidential working group for digital assets, will be present. What causes riots on the crypto market.
Bitcoins Malaya trader emphasizes an interesting phenomenon:
Open interest decreases, which means that fewer people on BTC take big bets. This reduces the risk of forced disposal, but also shows cautious expectations before the announcement.
The Geopolitical context Add additional pressure. After the threats of Trump customs tariffs, Bitcoin dropped to Europe for the first time for the first time since November for the first time under $ 80,000. If new regulations appear, the market can experience brutal correction.
Should we expect a new dive or explosion to new heights?
Yes, this week promises to be decisive for bitcoins. If some hope that a breakthrough over $ 94,000, others are afraid of immediate corrections. Between traces of extreme fears and expectations around the crypto summit, traders will have to pay attention to the main events of the next few days.
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Blockchain and crypto revolution! And the day when the impacts will be felt on the most vulnerable economy of this world, I would say against all the promises that I was there for something
Renunciation
The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.