Close Menu
Global News HQ
    What's Hot

    Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo

    June 8, 2025

    The Secret to Staying Strong as You Age May be This Type of Workout

    June 8, 2025

    XRP Price Risks Plummeting Below $2 As Sellers Take Control

    June 8, 2025
    Recent Posts
    • Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo
    • The Secret to Staying Strong as You Age May be This Type of Workout
    • XRP Price Risks Plummeting Below $2 As Sellers Take Control
    • Diane von Furstenberg Fall 2025 Ready-to-Wear Collection
    • Why is My Lawn Mower Smoking? 
    Facebook X (Twitter) Instagram YouTube TikTok
    Trending
    • Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo
    • The Secret to Staying Strong as You Age May be This Type of Workout
    • XRP Price Risks Plummeting Below $2 As Sellers Take Control
    • Diane von Furstenberg Fall 2025 Ready-to-Wear Collection
    • Why is My Lawn Mower Smoking? 
    • Four Seasons Hotel Seoul review – The Points Guy
    • The Verge’s 2025 Father’s Day gift guide
    • More Colorado Workplaces Are Becoming Safe Spaces for Employees in Recovery
    Global News HQ
    • Technology & Gadgets
    • Travel & Tourism (Luxury)
    • Health & Wellness (Specialized)
    • Home Improvement & Remodeling
    • Luxury Goods & Services
    • Home
    • Finance & Investment
    • Insurance
    • Legal
    • Real Estate
    • More
      • Cryptocurrency & Blockchain
      • E-commerce & Retail
      • Business & Entrepreneurship
      • Automotive (Car Deals & Maintenance)
    Global News HQ
    Home - Cryptocurrency & Blockchain - Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report
    Cryptocurrency & Blockchain

    Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report

    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
    Bitcoin Bottom In Sight As Trump Expected To Soften Stance On Reciprocal Tariffs: Report
    Share
    Facebook Twitter LinkedIn Pinterest Email


    Reason to trust

    Strict editorial policy that focuses on accuracy, relevance, and impartiality

    Created by industry experts and meticulously reviewed

    The highest standards in reporting and publishing

    Strict editorial policy that focuses on accuracy, relevance, and impartiality

    Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

    Este artículo también está disponible en español.

    According to a recent report by 10X Research, Bitcoin (BTC) may be attempting to form a local bottom, as US President Donald Trump is expected to soften his stance on reciprocal tariffs, which are set to go into effect on April 2.

    Up Only For Bitcoin?

    Bitcoin’s plunge to $77,000 on March 10 may have marked the bottom for the top cryptocurrency in the current market cycle. Since then, the digital asset has appreciated by more than 10%, trading in the mid $80,000 range at the time of writing.

    Related Reading

    The 10X Research report suggests that Trump’s recent pivot toward “flexibility” on the upcoming April 2 reciprocal trade tariffs may have alleviated some concerns about further deterioration in the global macroeconomic outlook.

    Additionally, the report emphasizes the US Federal Reserve’s (Fed) comments following this month’s Federal Open Market Committee (FOMC) meeting, where the central bank indicated that it would slow the pace of balance sheet drawdown and end the current cycle of quantitative tightening.

    The Fed’s remarks followed the release of the February 2025 Consumer Price Index (CPI) inflation data, which came in line with expectations, easing concerns about inflation. The report’s claim that BTC has formed a bottom aligns with crypto entrepreneur Arthur Hayes’ recent statement, where he noted that BTC may have “probably” bottomed at $77,000.

    The following chart illustrates a bullish reversal in BTC’s 21-day moving average, which currently sits at $85,200. The report points out that these weekly reversal signs are back at levels typically seen when past bull markets have resumed.

    10x
    Source: 10X Research

    For example, in September 2023, BTC benefited from bullish momentum as the Bitcoin exchange-traded funds (ETF) narrative gained traction. Similarly, BTC embarked on a historic rally in August 2024 as the US presidential election drew closer.

    Additionally, a recent post on X by seasoned crypto analyst Ali Martinez highlights that Bitcoin transaction fees have nearly tripled over the past week, indicating an uptick in network activity as market sentiment improves.

    ali
    Source: ali_charts on X

    BTC Still Not Completely Bullish

    While Trump’s softening stance on tariffs is good news for risk-on assets like cryptocurrencies, BTC still needs to break through and sustain certain price levels to regain strong bullish momentum.

    Related Reading

    Recent analysis by Martinez identified $94,000 as a critical price level for BTC to overcome. If the digital asset decisively breaks through and sustains this level, it could be poised to climb as high as $112,000.

    That said, concerns remain about BTC’s relatively weak price performance compared to other safe-haven assets like gold. At press time, BTC is trading at $87,650, up 3.6% in the past 24 hours.

    bitcoin
    BTC trades at $87,650 on the daily chart | Source: BTCUSDT on TradingView.com

    Featured image from Unsplash, charts from 10X Research, X, and TradingView.com



    Source link

    10x Research bitcoin Bitcoin Bottom Bitcoin network btc BTCUSDT Crypto analysis cryptocurrency digital asset Donald Trump trade tariffs
    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
    Previous ArticleThe Best Airbnbs in Saint-Tropez for Private Pools, Balcony Views, & Beach Access
    Next Article Lucid Mattress Review: An Affordable Amazon Choice Mattress

    Related Posts

    XRP Price Risks Plummeting Below $2 As Sellers Take Control

    June 8, 2025

    Spot Ether ETFs 15-day inflow streak accumulates $837.5M inflows

    June 7, 2025

    Song A Day creator recounts ‘tax nightmare’ after making millions from NFT sale

    June 7, 2025

    Crypto Advocacy Groups Urge Dismissal of Case Against Bitcoin Mixer Samourai – Decrypt

    June 7, 2025
    Leave A Reply Cancel Reply

    ads
    Don't Miss
    Real Estate
    3 Mins Read

    Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo

    Co-parenting amid a divorce isn’t always easy. But Teddi Mellencamp and Edwin Arroyave appear to be handling it like pros.How…

    The Secret to Staying Strong as You Age May be This Type of Workout

    June 8, 2025

    XRP Price Risks Plummeting Below $2 As Sellers Take Control

    June 8, 2025

    Diane von Furstenberg Fall 2025 Ready-to-Wear Collection

    June 7, 2025
    Top
    Real Estate
    3 Mins Read

    Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo

    Co-parenting amid a divorce isn’t always easy. But Teddi Mellencamp and Edwin Arroyave appear to be handling it like pros.How…

    The Secret to Staying Strong as You Age May be This Type of Workout

    June 8, 2025

    XRP Price Risks Plummeting Below $2 As Sellers Take Control

    June 8, 2025
    Our Picks
    Real Estate
    3 Mins Read

    Teddi Mellencamp & Edwin Arroyave Reunite for Their Daughter’s Latest Milestone | Bravo

    Co-parenting amid a divorce isn’t always easy. But Teddi Mellencamp and Edwin Arroyave appear to be handling it like pros.How…

    Technology & Gadgets
    6 Mins Read

    The Secret to Staying Strong as You Age May be This Type of Workout

    Essentrics/CNET I’ve been covering wellness topics for many years, and during that time, I’ve tested…

    Pages
    • About Us
    • Contact Us
    • Disclaimer
    • Homepage
    • Privacy Policy
    Facebook X (Twitter) Instagram YouTube TikTok
    • Home
    © 2025 Global News HQ .

    Type above and press Enter to search. Press Esc to cancel.

    Go to mobile version