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 around $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 almost two weeks. Now, its price has dropped 0.8% to around $95,424.
U.S. Trade Concerns: Talk of new U.S. tariffs is raising fears of slower global growth. This uncertainty makes investors less willing to take risks.
High inflation: Recent reports show that inflation remains above the Federal Reserve’s 2% target. With interest rates expected to remain 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 continue to fall to around $90,000. Conversely, if it rises above $100,000, it could test levels around $106,012.
Future Outlook
Downside Risk: A breach of $94,000 support could trigger further declines, possibly towards $90,000.
Upside Potential: A move above $100,000 could set the stage for a rally to higher levels.
Market Conditions: With continued uncertainty over U.S. trade policy and persistent inflation, the market remains cautious.
Conclusion
Given the current uncertainty and the potential for further price declines, it’s best not to invest right now.
