If customs tariffs have been immediately suspended by the new President of the United States against Mexico and Canada, evil is carried out for the cryptocurrency sector. Some experts believe that the market will take several months to rely on. David Sacks recently described Bitcoin in the context of uncertainty “Excellent Reserve of Value”. Even after such a positive statement on the king of cryptocurrencies, the exchange rate remains below $ 100,000. Operators probably gave the bar too high and hoped for immediate implementation of the BTC strategic reserve. The environment in which the financial world benefits is a benefit of property, such as gold, which continues to record new historical summits. We are inviting.
Despite uncertainties, bitcoins develop in a row
Since finding the bottom at the end of 2022, Buyers have a hand about the price of bitcoins. The course is actually rising up and has been attracting cavities and bright ascending peaks for several years. PUSH Breakage generated bull volatilityand the course Touched $ 100,000 For the first time in its history in December. But for several weeks the course tried to start up. Buyers and sellers are neutralizing VA Range between $ 92,000 and $ 104,000 ::
After the fall associated with the implementation of customs prices, the price of bitcoins returned to the melody Support for $ 92,000. For the time being Buyers defend the lower part of the rangeand Institutional bias (EMA 9/EMA 18) remains bull. But to prevent deeper correction, it will be necessary To jump and break resistance to $ 104,000.
The RSI is down and below Dowing Trendline For several months we will have to wait for Trendline break find Momentum haussier.
Risk off: dollar and gold are solid, attract capital
The dollar index has been growing since September
In 2022 the course was The dollar index (dxy) was upall feedback at the level Institutional bias (EMA 9/EMA 18) Haussier would generate a bounce. And in parallel, the course of bitcoins and cryptocurrencies showed cavities and descending peaks. The The market was then on the bear market ::
Then The dollar has seen the peak of the market that Cryptos managed to expressespecially for bitcoins who joined to $ 100,000. But since September, The dollar is inspected again by the buyer. For now, it returns to the level of mobile diameters of 9 and 18 bruises brings rebounds and new summits as in 2022. For The situation is improving on the side of the cryptos, DXy is likely to have to mark the peak of the market.
The RSI could start running out of steamBut it will be necessary to wait for confirmation with a series cavities and descendants.
Gold goes up and records a new ATH
Gold recorded at the end of October local top sausage Closing under the last cavity for $ 2,600. But Mobile diameters 9 and 18 remained upand the course fired. While Bitcoin hesitates around $ 100,000,Now he records a new ATH ::
As long as the mobile diameters are up, the course could Continue your ascent to a psychological round for $ 3,000. RSI is back at the level of the trend line down. AND Trendline break could have arisen bull volatility. AND refusal would show and Streaming the current trend.
This message Haussier growth of gold Just need it for Transform the king of cryptocurrency ? Not sure:
The Bitcoins overcome gold Since the beginning of 2023 and despite the new ATH of Gold The situation has not changed. In order to continue, it will be necessary Avoid seeing a change in dynamics On pair of gold/BTC. The Mentioned RSIbut remains relatively brittle.
Towards the new ATH for the US market?
S&P 500 could be bounce back to mobile diameters 9 and 18
Since November 2023, course S&P 500 is widely checked by buyers. All repairs end up at level Mobiles 9 and 18 bruises. Despite the threat of trade war, S&P 500 remains above these mobile diameters ::
New bounce is therefore possible and, if Support for $ 5,850 holding, and Ath is possible. On the other hand, if support provided, could achieve the course Next support for $ 5,650.
Be able to have bull volatility At S&P 500 it would take and Breakage On the RSI momentum indicator.
Did Nasdaq not ended its increase?
Like S & P 500, Nasdaq shows the Bull’s Dynamics For several months. And just like the S&P 500 has a course option Bounce back to bias Baus. In addition, if Support for $ 20,300 HOLDS, are possible historical summits ::
In spite of all if the course weakens and Lose a level to $ 20,300could Fallen to $ 18,300. RSI still evolves under the trend line and as long as it is, Dynamics will remain fever.
Key elements to remember
The price of Bitcoins develops to the extent and the situation has not changed, even after the fall followed by the establishment of customs tariffs. On the other hand, on altcoins, the situation is much more complicated. For example, the artificial intelligence sector (AI) has strongly repaired.
Gold recorded a new historical higher and goes around $ 3,000. On the basis of its part, the dollar is on the rise since September. Obviously, investors are heading to shelters. However, even though shelters are required, the S&P 500 and Nasdaq still have the opportunity to record new historical heights. A case that follows in a local newspaper!