The cryptocurrency market will be able to see the local bottom in the next two months amid global uncertainty over the ongoing import tariff negotiations that limit investors’ sentiment in both traditional and digital markets.
US President Donald Trump is set in detail on April 2nd with his mutual import duties. It aims to reduce the country’s estimated trade deficit of $1.2 trillion and boost domestic manufacturing.
According to Aurelie Barthere, a leading research analyst at Nansen Crypto Intelligence Platform, the global market was a hit since its first tariff announcement, but there is a 70% chance that cryptocurrency valuations will be on the bottom by June.
A research analyst told Cointelegraph:
“Nansen data estimates that Crypto’s price is 70% likely to be at the lowest between now and June, with BTC and ETH currently below the previous day’s highs of 15% and 22% respectively. Given this data, future discussions will serve as important market indicators.”
“With the toughest part of negotiations behind us, we see a cleaner opportunity for crypto and risk assets to ultimately bottom out,” she added.
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Traditional and cryptocurrency markets continue to lack the momentum of rising ahead of US tariff announcements.
“For major US stock indices and BTC, their respective price charts were unable to significantly exceed the 200-day moving average, but the moving average for the lower prices is declining,” Nansen wrote in a survey report on April 1.
“Fragile market psychology primarily emphasizes the need for “good news” on US growth and tariffs,” the report added.
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Bitcoin should hold $82,000 in the “wait and see” mode of the crypto market: Analysts
Investors are currently “wait and see mode” and are hesitant to take on a large position as there is no direction in the market.
However, the Crypto Fear & Greed Index remained above the “extreme fear” mark of the three consecutive sessions. This suggests slight improvement despite continuous attention.
“This reinforces the view that the market is in standby mode,” Zlatareva told Cointelegraph, adding:
“Bitcoin will continue to consolidate within the $82,000-85,000 range after experiencing a period of first quarter redirection. Assets are navigating this zone where Broader Sentiment can be $82,000 when it stabilizes and the likelihood of rising $86,500 and $90,000.”
Other traders are waiting for a Bitcoin breakout of over $84,500 as a signal for a more reverse momentum amid ongoing tariff uncertainty.
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