Bitcoin $77,428 price is currently around the $85,800 mark as Trump announced a 25% tariff on the EU. Unless there are major surprises or agreements, additional tariffs will be implemented in April, indicating at least another month of negative sentiment. This raises questions about cryptocurrency expectations and the potential impacts on the market.
Analysts’ Insights on Cryptocurrency
Analysts shared their assessments at least five hours ago, making it more logical to analyze their predictions considering the current situation. At the time of writing, Bitcoin’s price was below $86,000, with a 10% drop over the last three days. Altcoins have experienced even greater losses.
Analyst Altcoin Sherpa had previously anticipated significant improvements within two weeks, but current observations suggest otherwise. Daan Crypto Trades is monitoring whether the marked levels will be reclaimed in today’s evaluation.
“Bitcoin is behaving similarly so far. Let’s see if it can reclaim this range properly and gain some momentum. The high ETF outflows seen in the last two days are positive, as this was also the case during previous low-range scans.”
ABETRADE highlighted that we have observed the highest daily net outflows from Bitcoin ETFs since their launch.
“Except for the significant inflows after Trump’s victory on November 7, all other major inflows or outflows have been signals that reverse the averages. Generally, when people see a large red number, they panic sell, or conversely, this can turn the market in the opposite direction. Considering the convergence of other factors, I believe we should see at least a relief rally from these levels soon.”
Michael Poppe indicated a risk of selling down to $70,000 if the marked area does not hold around $82,500, which could lead to even larger declines for altcoins.
Jelle hoped to see $89,200 maintained at market opening today, but it did not occur as expected.
XRP Coin Forecast
Ali Charts noted a significant correction period may begin for XRP Coin price. Despite the downturn, XRP Coin has been one of the few altcoins that did not suffer significantly, but the TD Sequential indicator is pointing towards a new decline.
The analyst claims that since 2022, predictions have been accurate, and the sell signal on the two-week chart will likely bring additional losses for XRP Coin investors.