I predict the down trend 90,000.00-88000 Do your own researc | Udara Fernando on Binance Square

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Bearish

I predict the down trend 90,000.00-88000Do your own research and manage risk 💥🌐 Happy Traders day 🙏

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-0.27%

3.1k

0

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yeah thats true currently its in down trend and more likely to touch 90-89

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Bearish Diamond Break out as i predicated. #BTC #Liquidations

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Analyzing Bitcoin's Price Amidst Trump's Presidential Reappointment The recent reappointment of Donald Trump as U.S. President has introduced significant dynamics into the cryptocurrency market, particularly concerning Bitcoin (BTC). Historically, Trump's stance on crypto currencies has been complex, ranging from skepticism to recent engagements with industry leaders. Scenario 01 President Trump's administration has signaled a more crypto-friendly approach, exe mplified by the appointment of David Sacks as the White House AI and Crypto Czar. This move aims to establish a clear legal framework for the cryptocurrency industry, potentially fostering innovation and market growth. Such regulatory clarity could bolster investor confidence, leading to increased institutional participation and a potential rise in Bitcoin's price. Market optimism surrounding supportive policies may drive BTC to test new resistance levels, possibly approaching $120,000 in the near term. Scenario 02 Conversely, the rapid integration of cryptocurrencies into the mainstream financial system, without comprehensive risk assessments, could introduce market volatility. Experts caution that deregulation might lead to speculative bubbles, increasing the risk of significant market corrections. In this context, Bitcoin's price could experience heightened volatility, with potential short-term declines as the market adjusts to the new regulatory environment. Support levels around $90,000 may be tested if concerns over market stability intensify. Conclusion The intersection of President Trump's policies and the cryptocurrency market presents a complex landscape for Bitcoin. While regulatory support could drive growth, the potential for market instability remains. Investors should closely monitor policy developments and market responses to navigate this evolving environment effectively. 𝑈𝑑𝑎𝑟𝑎 𝐹𝑒𝑟𝑛𝑎𝑛𝑑𝑜 09.01.2025

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The news about the U.S. The Department of Justice (DOJ) selling $6.5 billion worth of Bitcoin seized from the Silk Road likely has the following potential effects on Bitcoin's price: Short-term Impact: Bearish Pressure: The announcement of a large Bitcoin sale, especially by a government, typically causes fear of oversupply in the market. This could lead to a short-term drop in Bitcoin's price as traders anticipate the market's ability to absorb such a large quantity of BTC. Long-term Impact: Neutral or Recovery: If the sale is executed gradually or through private institutions instead of dumping on exchanges, the long-term effect on price might be minimal. Bitcoin has shown resilience to similar events in the past #DOJ #BTC

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I see 02 scenarios that can happen in BTC at this time. Scenario 01 Although BTC is currently in a down movement, the market structure is still bullish from the daily level. With that, if you hold the 1D breaker block between 93440 - 95700 where BTC is currently held, BTC has the opportunity to claim the all time high again. For this to happen, the 1H market structure, which is currently bearish, must also be bullish. Scenario 02 If the breaker block that I talked about earlier is broken, 91510 will be broken and the 1D market structure can be bearish. If that happens, the market may come to fill the 1D FVG between 81699 - 85159. There are still not enough confirmations to say what will happen with these two. With that, we have to wait a bit today without trading👀❤️ - Reasons #BTC

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