empty
03.04.2025 11:36 AM
Bitcoin again loses battle

Both Bitcoin and Ethereum asserted their strength for a while yesterday in the midst of the US session before Trump's statements and the introduction of tariffs. However, demand for risk assets subsequently decreased. Although the tariffs are unlikely to have a significant impact on the crypto market, traders rushed to lock in profits, once again failing to implement strategies to break through the major resistance at $90,000. Such erratic regular sell-offs limit further medium-term bullish momentum for Bitcoin.

This image is no longer relevant

The sharp decline in US stock indices entailed a fall in cryptocurrencies as well. Investors, concerned about the prospects of a tighter monetary policy by the Federal Reserve and the likelihood of renewed inflation after the tariffs were introduced, began shedding risk assets, including technology stocks and digital currencies. Experts attribute this to the fact that many institutional investors who had previously invested in cryptocurrencies view them as highly speculative instruments and are the first to withdraw funds when market conditions worsen.

Despite the decline, cryptocurrency advocates argue that this is a temporary correction and that digital assets will continue to grow in the long term. However, the impact of macroeconomic factors on the cryptocurrency market is becoming more evident. Investors increasingly view cryptocurrencies as part of a global investment portfolio, making them more sensitive to geopolitical events and changes in the economic policies of major countries.

However, despite short-term fluctuations, the long-term outlook for the cryptocurrency market remains positive. Strengthening infrastructure, the increasing number of crypto investors, and the development of new blockchain technology applications encourage interest in digital assets. Furthermore, regulatory uncertainty is gradually being replaced by clearer rules, which encourages institutional investors. The Trump administration has already done a great deal in this direction, further boosting investor confidence in the new realm of digital assets.

This image is no longer relevant

As for the technical picture of Bitcoin, buyers are currently aiming for a return to the $83,600 level, which would open the direct path to $84,300. From there, the $85,200 level will be around the corner. The furthest target would be the high near $86,100. Overcoming this level would signal a return to a bullish market. In case of a drop in Bitcoin, buyers are expected at the $82,700 level. If the trading instrument settles below this area, it could quickly push BTC down to the $81,900 region. The furthest target would be the $81,000 area.

This image is no longer relevant

As for Ethereum's technical picture, a clear consolidation above the $1,847 level opens the direct path to $1,888. The furthest target would be the high near $1,928. Once this level is overcome, it would signal a return to a bullish market. In case of a decline in Ethereum, buyers are expected at the $1,806 level. A return of the trading instrument below this area could quickly push ETH down to the $1,773 region. The lowest target would be the $1,740 area.

Jakub Novak,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trump makes another step towards crypto market

Bitcoin and Ethereum plunged late yesterday but then managed to recover their positions. For now, the bears still have more strength than the buyers, but this may only be temporary

Jakub Novak 16:38 2025-04-11 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 11

Bitcoin and Ethereum dropped in value toward the end of Thursday's U.S. session but recovered during today's Asian trading hours. It has become common practice that the crypto market declined

Miroslaw Bawulski 09:28 2025-04-11 UTC+2

Technical Analysis of Intraday Price Movement of Polkadot Cryptocurrency, Friday April 11, 2025

With the appearance of divergence between the price movement of the Polkadot cryptocurrency and the Stochastic Oscillator indicator on its 4-hour chart, as long as there is no weakening correction

Arief Makmur 08:52 2025-04-11 UTC+2

Technical Analysis of Intraday Price Movement of Uniswap Cryptocurrency, Friday April 11, 2025.

From what is seen on the 4-hour chart of the Uniswap cryptocurrency, there appears to be a divergence between the Uniswap price movement and the Stochastic Oscillator indicator, so based

Arief Makmur 08:52 2025-04-11 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 10

Bitcoin and Ethereum both surged, gaining between 6% and 10% on news that Trump had suddenly changed his mind. A strong wave of FOMO is evident in BTC following news

Miroslaw Bawulski 08:05 2025-04-10 UTC+2

Bitcoin under selling pressure. Why even spike could hardly save bulls

Bitcoin is taking a nosedive, funds are reporting losses, and analysts see no reasons for growth. What is happening with the leader of the crypto market? What

Ekaterina Kiseleva 12:07 2025-04-09 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 9

Bitcoin and Ethereum collapsed by the end of Tuesday, continuing the heavy sell-off during today's Asian session. Another sharp decline in the U.S. stock market dragged other risk assets down

Miroslaw Bawulski 09:22 2025-04-09 UTC+2

Another Cryptocurrency Market Crash

Another collapse in the stock markets has also hit the cryptocurrency market. Investors, fearing further declines, began to massively offload digital assets, which triggered a sharp drop in the prices

Jakub Novak 09:22 2025-04-09 UTC+2

Trading Recommendations for the Cryptocurrency Market on April 8

Bitcoin and Ethereum are gradually recovering after the sharp sell-off earlier this week. The situation in the U.S. stock market and its sharp decline are closely tied to the fall

Miroslaw Bawulski 09:25 2025-04-08 UTC+2

Bitcoin – Technical Analysis Overview

Currently, the market is testing monthly support levels at 79,773 – 75,446. A consolidation below this area would give bears control over these levels and invalidate the Ichimoku weekly golden

Evangelos Poulakis 07:36 2025-04-08 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.