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Reading: Bitcoin’s Path to Recovery Depends on Key Technical and Political Factors
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COINTURK NEWS > Bitcoin (BTC) > Bitcoin’s Path to Recovery Depends on Key Technical and Political Factors
Bitcoin (BTC)

Bitcoin’s Path to Recovery Depends on Key Technical and Political Factors

In Brief

  • Bitcoin needs to reach $90,000 for a sustained upward trend.

  • Investors are monitoring technical support levels and political factors closely.

  • Negative market comments could hinder Bitcoin's price stability.

İlayda Peker
İlayda Peker 2 months ago
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For Bitcoin $103,914 to enter a robust upward trend, both technical and macroeconomic conditions need to align. Crypto analyst DonAlt states that Bitcoin must reach a specific support level, and the U.S. President’s market-impacting statements should cease. Investors are closely monitoring critical levels and political developments.

Contents
Importance of Technical Support LevelPolitical Factors Play a Determining Role

Importance of Technical Support Level

DonAlt emphasizes that for Bitcoin to maintain its bullish trend, it must reach the $90,000 mark and have this level act as strong support. According to technical analyses, acceptance of a specific price level as support can reduce selling pressure and enhance price stability.

Based on the analyst’s evaluations, if Bitcoin solidifies the $90,000 level as support on daily, weekly, and monthly charts, its upward potential may strengthen. However, if this level is not confirmed as support, Bitcoin may continue to fluctuate within its current value range. This perspective based on technical analysis represents a critical decision point for market participants.

Political Factors Play a Determining Role

In addition to technical analyses, macroeconomic developments significantly impact Bitcoin prices. DonAlt notes that adverse statements from the U.S. President could hinder Bitcoin’s bullish trend.

Political actions, such as tariff threats against China, Canada, and Mexico, can destabilize global markets. Potential selling pressure in traditional financial markets may also reflect in the cryptocurrency market. Such statements can complicate Bitcoin’s journey to and sustainability at the $90,000 level.

According to DonAlt, avoiding negative market statements from the U.S. President could enhance investor confidence, facilitating upward movement in Bitcoin prices. A decrease in macroeconomic uncertainty can increase investor interest in Bitcoin, leading them to watch both technical and political developments closely.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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İlayda Peker 18 March, 2025 - 6:39 pm 18 March, 2025 - 6:39 pm
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