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Cryptocurrency markets are experiencing a calm Sunday, yet trading volumes are not exceptionally low. Bitcoin 
$95,176 is hovering around the $84,500 mark. As Trump’s backing down adds to the uncertainty, the dollar is weakening. What are the current predictions for the markets from experts? What should we expect for cryptocurrencies? Let’s delve into Bitcoin expert commentary.
Insights from Bitcoin Experts
Overall, there are hopes that a market recovery may finally be starting. Investors have become quite weary as altcoins, which have been on a downtrend for an extended period, are continuously hitting new lows. Aside from rapid recoveries driven by news, such as those seen with XRP Coin, general demand for altcoins remains subdued.
Bitcoin is under review as popular commentator Rekt Capital shared the following chart:
“Bitcoin closed daily above the downtrend line, confirming the breakout.
However, BTC has previously closed above the downtrend line only to fail during the retests (some of which are marked by red circles). A successful retest is necessary, and that process is ongoing.”
In the chart provided, you can see previous failed breakouts. After failing four times, BTC is again above the trend line, and if it is unable to reach new highs with more demand, we may see another disastrous move around the $73,000 range. The $82,000 level must be maintained.
Yesterday, renowned analyst Capo set his targets for the overall market at $92,000 and $98,000. While expressing satisfaction with the activity in altcoins, he cannot confidently assert that a bullish trend is guaranteed.
Cryptocurrency Market Uncertainty
Although analyst opinions are based on technical analyses, we find ourselves in an environment where even the dollar is fleeing due to uncertainty. Current conditions pose even greater uncertainty for cryptocurrencies. After Trump announced high tariffs, risking a global trade war, alarms are ringing within the economy.
Trump’s forced limited retreats to stabilize bond yields indicate a troubling inability to foresee such adverse outcomes, raising concerns about the U.S. administration’s decision-making strategy regarding tariffs.
The Fed is urged to lower interest rates while Trump believes falling oil prices will resolve everything. However, the markets remind him that even the world’s largest economy can be unforgiving.
In conclusion, Trump is realizing he must reconcile with markets that are harsher than himself, as his retreats confirm that the U.S. is not led by a fool. Such retreats should normalize the markets within weeks and herald the anticipated rise for cryptocurrencies. But will cryptocurrencies, which have overly priced in the downturn, rebound rapidly as well? Time will tell. Additionally, at this moment, China stated that “the U.S. tariff exemption is a small step to correct mistakes.”
