Mike Smith
4 days ago
.png)
The price of Bitcoin fell to around $94,600, reflecting tensions in international trade negotiations and meager trading volumes during the regional holidays. With dialogue between major economic centers suspended and uncertainty rife, many participants are investing cautiously, waiting for a clear signal about the direction of development.
In the first hours of the new trading day, the cryptocurrency’s value fell below $94,000, and then slightly rebounded to $95,000. Such a price fluctuation range suggests that market players are reacting to every hint of political rhetoric, assessing the potential consequences for digital assets. At the same time, daily turnover has grown by a third, exceeding $21 billion, which indicates high volatility and active entry of short-term traders.
Technical indicators point to the nearest key benchmarks. Experts highlight the support area in the range of $88,000–$89,000, where significant order volumes were previously recorded. If this level is sustained, a rebound to the psychologically important levels of $100,000 and $110,000 is possible within a few weeks. Resistance in the $93,000 zone serves as a barrier to a faster recovery, but a breakdown of this level can lead to an accelerated rally.
It is observed that even with a decrease in the price, the attention of investment funds and institutional players remains high. The increase in trading activity suggests that many see the current rollback as a chance to increase positions at attractive prices. Speculators are counting on local fluctuations and are trying to take advantage of every movement on the spot market and futures platforms.
The current situation emphasizes the importance of diversification and a clear risk management plan. Trading algorithms react to changes in spreads, and OTC customers prefer to maintain more conservative limits. Any new news about the development of economic relations between key partners can become a catalyst for the next round of price movements.
Many analysts recommend monitoring the dynamics of the volume of open interest in derivatives, as well as public comments from opinion leaders in the field of cryptography. On the horizon of May, the market may demonstrate both a rapid rebound and a continuation of the correction, depending on what information background develops in the upcoming sessions.
