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A recent high-level meeting between Ukraine and Russia ended without agreement, leading to Russia participating only at the advisory level. Meanwhile, former US President Donald Trump and Ukrainian President Volodymyr Zelenskiy held a phone conversation. Yet, no solution regarding the ongoing war with Russia has been reached. On the financial front, Bitcoin 
$105,957 is steady at $103,500. There is potential for a meeting between Trump and Chinese President Xi this weekend, which might stir the cryptocurrency market.
Cryptocurrency Predictions
As this article was being prepared, the US markets opened weakly, albeit with slight declines. BTC continued with a 1% increase, and ETH’s price on Binance TR was $2,600. Despite Trump saying it’s not certain, the announcement of a possible meeting between Trump and Xi this Saturday could bolster cryptocurrencies. An agreement with China raises the possibility of Xi visiting the US in June.
Turning to cryptocurrencies, analyst Poppe noted the trend remains strongly upward. In the accompanying chart, he shows cryptocurrencies are eager on the journey towards a new all-time high (ATH).
“The trend continues upward, indicating we will see a new ATH. The dotcom bubble was $10-15 trillion. Crypto is only $3 trillion.
A lot more upside remains.”
The Russian delegation just made a statement expressing satisfaction with the meeting outcomes and intention to continue talks. BTC experienced a slight rise to $103,700.
On another note, institutional demand is vibrant. BTC ETFs have reached new entrance records, with $41.48 billion of net inflow since the January 11, 2024 launch date.
Bitcoin (BTC)
Amidst discussions about tariffs and the Russia war resolving, it appears some knots are being untied. The world might enter a growth phase similar to the post-pandemic period, signaling support for cryptocurrencies.
DaanCrypto, tracking liquidity data, has published his short-term forecasts.
“The BTC Liquidation Map indicates a large cluster between $105K-$106K and a heap between $99K-$103K. This is logical as it’s the current small range’s highest/lowest levels consolidated over the past week.
We recently saw many similar consolidations, and due to the large pressure continuing to accumulate, we rarely see a sweep and reversal. The amount of positions created ensures there’s often enough fuel to sustain the movement once it breaks. Watch these liquidity clusters and a breakout from our current ~101K-$105K range.”
