Bitcoin is over $ 85,000: Analysts spoke about the next view!

While preparing for the potential effects of US customs tariffs that will enter into force tomorrow Bitcoin (BTC) Today it rose to $ 85,000.

This ascension took place in an environment in which the tendency to escape the risk in global markets increased and US stocks declined: S&P 500 decreased by 3 %last week and performed its worst performance since September 2023. Meanwhile, investors flocked to safe port assets and brought the gold to the highest levels of all time.

The upcoming customs duties combined with a number of US economics and labor reportes and created a cautious atmosphere in the crypto market. Augustine Fan, who is the Manager of Analysis in Signalplus, attributed the lack of new catalysts such as uncertainty in the market and important ETF inputs and a lack of general belief among investors.

“Positioning data is only a statement on market conditions, it does not have to be a signal for a suitable installation for trade,” Fan said. Although the market is currently deprived of momentum for a continuous rally, he said that any rise wave may be sharp due to long -term short -term positioning in Bitcoin futures.

On the futures facade, the speculative positions on the BTC through the Chicago Commodity Exchange (CME) became a full contrast with the feeling of rise in January and turned into the most decline tendency for years. However, according to Glassnode, Blockchain analysis, long -term owners look resistant. The data shows that investors holding Bitcoin for 3-6 months have made increasing profits and have been trading at the lowest levels since June 2021, which points to confidence rather than panic sales.

In recent months, the newer corporate investors or “whales oluşturan who have gained large Bitcoin positions are maintaining their presence, strengthening a stable price base for crypto currency.

Jupiter Zheng, one of the partners of Hashkey Capital Liquid Fund and Research, evaluates the current decrease in the market as a temporary reaction to economic uncertainty.

“The decline is mainly due to the feeling of escape from the risk,” he said: “However, more institutions integrate the crypto and bring policies to encourage global regulators, we protect our optimism in the long run.”

*It is not an investment advice.