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Bitcoin 
$104,377 may encounter increased uncertainty if it closes the week below the critical support level of $82,000. The executive order signed by U.S. President Donald Trump regarding the establishment of Bitcoin reserves from seized crypto assets seems to have fallen short of investor expectations. This development is anticipated to negatively impact investor sentiment in the short term.
Market Developments
Bitfinex analysts noted a short-term negative reaction in the market due to the lack of direct Bitcoin investments. Investors were expecting strong institutional support signals from federal accumulation, but the reliance on existing assets has adversely affected these expectations.
“Investors hoped that federal Bitcoin accumulation would provide institutional support. However, the shift towards existing assets has diminished those expectations.” – Bitfinex Analysts
Currently, Bitcoin is trading below the psychological level of $90,000. Investors are acting with the expectation of a closing above the support level, which could lead to sudden changes in prices.
Macroeconomic Factors
Iliya Kalchev, a dispatch analyst from Nexo, expressed that Bitcoin’s price movements are also influenced by global trade concerns and macroeconomic developments. The inflation data and labor market indicators expected to be released next week are anticipated to draw significant attention.
“Next week, important data regarding the U.S. economy will come to light. Inflation and labor statistics could reshape market expectations.” – Iliya Kalchev, Nexo
Upon examining technical indicators, it is observed that Bitcoin’s relative strength index (RSI) is in the oversold region. This situation is closely monitored by investors, as it has previously signaled recovery opportunities.
The current state of the market may lead to fluctuations in the short term due to the combination of technical and macroeconomic factors. Investors are expected to formulate strategies based on these closely watched technical levels.
