Bitcoin (BTC) has recovered after President Trump paused taxes, triggering predictions of a strong rally to new highs. 🌟
- BTC did not start the trading week well, dropping sharply below $75,000 due to increasing trade tensions between the U.S. and the world. However, on April 9th, Trump froze new taxes for 90 days, helping BTC rise above $83,000 before slightly decreasing to $81,800.
- Analyst Ali Martinez predicts that if BTC surpasses $86,900, it could lead to a price surge to $208,550. The Mayer Multiple indicates strong support around $69,500.
- Merlijn The Trader sees the possibility of BTC exceeding $100,000 from a descending wedge pattern.
- CryptoQuant data shows a decrease in inflow to exchanges, which could be a positive signal. However, inflow to Binance has increased, possibly due to concerns ahead of the U.S. CPI report. 📈
- BTC did not start the trading week well, dropping sharply below $75,000 due to increasing trade tensions between the U.S. and the world. However, on April 9th, Trump froze new taxes for 90 days, helping BTC rise above $83,000 before slightly decreasing to $81,800.
- Analyst Ali Martinez predicts that if BTC surpasses $86,900, it could lead to a price surge to $208,550. The Mayer Multiple indicates strong support around $69,500.
- Merlijn The Trader sees the possibility of BTC exceeding $100,000 from a descending wedge pattern.
- CryptoQuant data shows a decrease in inflow to exchanges, which could be a positive signal. However, inflow to Binance has increased, possibly due to concerns ahead of the U.S. CPI report. 📈