Bitcoin analysts are closely watching the weekly close to determine the price direction for the next week, amidst global trade war fears and easing inflation concerns. Bitget Research’s chief analyst, Ryan Lee, suggests that Bitcoin’s price might experience further decline unless it closes the week above the $85,000 mark. Lee emphasizes the importance of this level to avoid a drop to $76,000 and signal strength in the market. Long-term holder accumulation is also a crucial factor to monitor, according to Enmanuel Cardozo, an analyst at Brickken RWA tokenization platform. He highlights the significance of long-term holders accumulating Bitcoin since February, with over $21 billion worth of Bitcoin purchased. Despite positive regulatory and crypto-specific developments, concerns over global tariffs will likely continue to impact the market until at least April 2, as noted by Nicolai Sondergaard, a research analyst at Nansen. The total supply of Bitcoin held by long-term holders has increased significantly in recent months, indicating strong investor confidence in the cryptocurrency. Investors are advised to pay attention to long-term accumulation trends and the weekly close above $85,000 to navigate Bitcoin’s price trajectory effectively.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin analysts are closely watching the weekly close to determine the price direction for the next week, amidst global trade war fears and easing inflation concerns. Bitget Research’s chief analyst, Ryan Lee, suggests that Bitcoin’s price might experience further decline unless it closes the week above the $85,000 mark. Lee emphasizes the importance of this […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81081"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=81081"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/81081\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=81081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=81081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=81081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}