BREAKING
324d 15h ago

Bitcoin Market Outlook: Global Tariff Concerns Looming Until April 2, Insights from Nansen Analyst

BTC

BTC/USDT

$71,354.77
+3.55%
24h Volume

$17,366,629,629.18

24h H/L

$71,554.95 / $68,531.50

Change: $3,023.45 (4.41%)

Long/Short
65.5%
Long: 65.5%Short: 34.5%
Funding Rate

-0.0023%

Shorts pay

Data provided by COINOTAG DATALive data
Bitcoin
Bitcoin
Daily

$71,351.87

2.98%

Volume (24h): -

Resistance Levels
Resistance 3$79,008.03
Resistance 2$75,548.63
Resistance 1$72,179.52
Price$71,351.87
Support 1$70,589.27
Support 2$67,300.00
Support 3$62,909.86
Pivot (PP):$70,598.27
Trend:Downtrend
RSI (14):35.3

In a recent analysis, Nansen’s research analyst Nicolai Sondergaard emphasized the ongoing impact of global tariff concerns on the cryptocurrency market. He indicated that despite several promising developments within the industry, these tariff issues are likely to influence market dynamics until at least April 2. Sondergaard anticipates potential modifications in tariff regulations post-April, contingent on the ability of nations to reach a consensus. This uncertainty is currently a significant factor affecting the sentiment around risk assets, which may experience a lull in directionality until these issues are addressed. The period between April 2 and July 7 could present a window for positive catalysts, should resolution occur, offering a pivotal moment for investors. Market participants should remain vigilant as developments unfold, which could redefine the investment landscape in the coming months.

Share News:
Don't Miss Breaking News