Bitcoin, 000 80,000 slipped to the US dollar at least 12 weeks

Today, at the opening of Wall Street, BitCoin (BTC) is unstable, with weak cryptocurrency markets that exempt the effects of US trade duties.

Bitcoin touches the minimum multi -dementon

The Santal Graph Markets Pro and Trading View BTSTamp report the new local $ 82,037 for BTC/USD on BTSTamp.
After that, a recovery began to return, however, compared to the maximum of the previous day, brought the torque, however, to touch 000 85,000.
It seems that Bitcoin and the opposite coin will feel angry at the implementation of US duties against Mexico and Canada, while plans to set up a strategic cryptocurrency reserve in the United States are pending March 7 at the White House summit.
“The sales reinforced investors’ concerns over Trump’s renewed pressure towards duties in Canada, Mexico and China.”The QCP Capital Trading Company explains in its latest analysis, telegram channel users.
The QCP noted that Equity Securities are also under pressure from duties, which is probably in the eyes of President Donald Trump.
“This turning point can further accelerate the pressure on Trump, especially after his strong support from the Crypto community during his election campaign.”The company continues.

“In addition, the last step adopted by the century. The suspension and storage of law enforcement cases against the Crypto Company, which did not succeed in preventing sales, indicating the widespread threat to the market. The one -month fluctuation in the assets is likely to be a global market.

At the same time, the commercial mosaic asset company hopes to expect how the risk of risk assets can be developed in the short term.
“Investors’ recession and hypertension are situations such as encouraging rally development”Supports the company in the last edition of its periodic newsletter, “Market Mosaic”March 2.

“In the short term, seasonal and trends of the 500 cycle can also be a break factor. The last two weeks of February are historically the most negative for the S&P 500, though March average is in the best month of the first half of the calendar year in the last 15 years.”

BTC price -backed refund is expected

This approach is in line with BitCoin’s current expectations.
As the Quintel Graph reported last week, Julian Bitel, head of the Global Macro Investor’s macro -research, provided for a rehabilitation in March due to a change in macroeconomic conditions.
“Whatever is happening in the markets right now, especially on the Cryptocurrency Front, is a direct result of the invitation for the financial situation in the fourth quarter of the last year.”Tells X’s followers.
At the same time, the US Dollar Index (DXY) reached at least 12 weeks and then a slight relief began to return.

This article does not provide investment suggestions or recommendations. Each operation involves risks: Readers should search their own before making a decision.

Translation of Walter Razo