- With the rise of encryption optimism, the US dollar weakened in the short term preferred optimistic feelings for Bitcoin.
- The continuous cooling of leverage encryption transactions has set a precedent of a new rally of $ 111.9K.
As the conflict between the United States and the European Union increased, the greenback of major global currencies weakened. The Cryptocurrency market, led by BTC (Bitcoin), has emerged as a better alternative to investors who want to hedge macroeconomic uncertainty.
Since the Doland Trump administration has been inaugurated in early 2025, it has approved the three states, including New Hampshire, Arizona and Texas, and the Strategic Bitcoin preliminary legislation of the House of Representatives. According to Coinshares’ market data, BITCOIN’s investment products have recorded net cash inflow of about $ 2.3 billion over the last six days.
As the CME future and the option market leaned on the strong feelings, the BTC price will soon enter the stage of the 2025 Crypto Bull Run.
Bitcoin price is expected in the middle
For one hour, BTC Price has been rising in parallel channels since $ 74.8K in early April. Earlier this week, BTC Price was rejected at the top boundary of the upward channel and is now informed of the downturn.
In addition, the one -hour MACD line has already fallen below the zero line and the histogram has been growing weak in the last two days.
For the daily, BTC prices follow the fractal patterns that are almost similar to the optimistic breakout. If the BTC price continues to close on the top boundary of the existing rise channel in the future, the potential rally for $ 140K is inevitable. However, consistent under the bottom boundary of the upward channel can potentially energize to 74K.