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During the night, cryptocurrency investors felt a wave of anxiety, but the feared announcement from the U.S. did not materialize. Instead, former President Trump chose not to comment on the security meeting, focusing instead on the quality materials of two new flagpoles for the White House. Despite seemingly high-level discussions, the actions taken were not severe, though market sentiments continue to reflect a sense of fear. But what are analysts predicting regarding this situation?
Cryptocurrencies Might See a Decline
Closures below 105,000 dollars persist as a source of concern for the cryptocurrency market. Bitcoin 
$104,945 is trading at 103,900 dollars with sellers gaining momentum. The forthcoming decision from the Fed and its interest rate projections are also cause for worry.
At the time of writing, Kyle shared data from the Spot CVD, highlighting that nervous investors may indeed have valid concerns.
“Spot CVD dropped from -76.9 million dollars to -145.9 million dollars – indicating substantial selling pressure. Bears appear to be gaining clear momentum. If bulls do not resurface soon, the situation could become dangerous.”
How Low Could Bitcoin Go?
Pressure related to tariffs persists, and tensions with Iran are rising. Interest rates remain stable while oil prices climb, leading to higher inflation in June. It appears that cryptocurrencies might enter a pause period from their expected rise. The first major signal comes from the CVD, with a second signal shared by an analyst under the pseudonym Faibik, suggesting BTC could fall to 92,000 dollars.
“BTC shows a significant RSI decline trend on the weekly chart…!! Bitcoin seems to have peaked and is now preparing for a major correction towards the 92-94 thousand range. Just like it bottomed at 16,000 in November 2022, we bought on the dip, and now we’re selling at the peak…”
Jelle, on the other hand, suggests history might be repeating itself. He believes BTC will move up again to reach a bigger peak after this correction. Claiming this has happened multiple times, Jelle considers the current fear to be exaggerated.
This week is expected to be highly dynamic with many developments, such as tariffs and tensions with Iran. Market volatility will be directed based on whether these developments favor cryptocurrencies or not.
