Bitcoin Prices Keep Down: Bitcoin Future Forecast & Right Time to Invest?
Bitcoin has been falling for three days in a row. Today, it traded at about $95,424, down from a recent range of $94,000 to $100,000.
What’s Happening:
- Price Movement: Bitcoin has been stable between $94,000 and $100,000 for nearly two weeks. Now, its price has dropped by 0.8% to around $95,424.
- U.S. Trade Concerns: Talks of new U.S. tariffs are raising fears of slower global growth. This uncertainty makes investors less willing to take risks.
- High Inflation: Recent reports show inflation remains above the Federal Reserve’s 2% target. With interest rates expected to stay high, traditional investments become more attractive than cryptocurrencies.
- Technical Signals: Indicators such as an RSI of 41 and a bearish MACD suggest that if Bitcoin falls below $94,000, it could drop further to about $90,000. Conversely, if it rises above $100,000, it might test levels around $106,012.
Future Outlook:
- Downside Risk: Breaking the $94,000 support could trigger further declines, possibly toward $90,000.
- Upside Potential: A move above $100,000 might set the stage for a recovery towards higher levels.
- Market Conditions: With ongoing uncertainty about U.S. trade policies and persistent inflation, the market remains cautious.
Conclusion: Given the current uncertainty and potential for further price drops, it’s best not to invest right now.
