So long as BTCUSD remains between the black lines, it remains bullish. The area below the green dots is danger zone that might trigger a bearish trend, which would be unfortunate for cryptocurrency investors
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Below 90K is possible given the recent news on:
-Trump’s possible retaliatory tariffs, the end of one-month suspensions, and potential tariffs on the EU
-The Fed’s recent report hinting at ending QT in June
-Higher inflation expectations
Negativity would shift the cycle top towards mid-2025. However, an announcement regarding a BTC strategic reserve could drastically alter the trajectory.