Bitcoin could not restore a mark of $ 110,000, as she faces a large sale, and turns the encryption market into a bloodbath. What is the .CWP-COIN-Sheart Svg Path {Width: 0.65! Important; }}
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Play, and what can we expect from?
Is it the geopolitical situation or pure profit that gets the highest level ever? Get rid of weak hands before remote to ATH or a new bear starts?
Bitcoin and encryption area deals with harsh conditions
Today, Bitcoin has faced a large sale with a lot of long qualifiers. This happened for various reasons, one of which is that the Federal Reserve did not reduce the rates as they said. May 7, 2025, They declare These rates will remain 4.25 % -4.50 %.
This statement represents a shift from the feeling of ascending to the decline, which led to the beginning of achieving the profits subject to control and risks between merchants.
FOMC minutes drop at 2 pm EST today.
Markets like Pommer tries to spread Mimi.
Once again from May 6 to 7, the Federal Reserve kept the closed rates by 4.25 % to 4.50 %.
They called the solid economy and the flexibility of the labor market.
Classic Federal Reserve Discussion – Calm on the microphone, sweating behind … pic.twitter.com/9zt6zrt5yx
– Chapo (el_crypto_chapo) May 28, 2025
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In some way, this created a rumor that the Federal Reserve will reduce the rates at the June meeting or even before the end of the month. All of this was not supported by any reliable information, leaving the chaos.
Another major factor that affects the encryption market in general is the uncertainty caused by President Donald Trump’s tariff. These range from 10 % of the definitions on all imports from more than 57 countries, to an amazing tariff of 145 % on the goods from China.
This led to a commercial war of tariffs that disrupted the market severely. There was no safe time or shorts, and many liquidation were tested. The latest development is a 50 % tariff for all European Union imports, starting from June 1, 2025.
Fracture: President Trump slapped the European Union with a 50 % tariff starting from June 1. pic.twitter.com/zt6lzbh3p3
Bennyjohnson May 23, 2025
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Another commercial tension that happened earlier this year is the restriction of NVIDIA graphics processing units to sell them to China. This has led to sales of $ 2.58 trillion in the traditional technology market, in addition, making the encryption scene more strict.
This, in addition to all organizational and political developments, plays a major role in encrypted betrayal. When industries take today, if not the largest, the industries today are up to 180 degrees, things can become ugly.
The technical side of encryption and bitcoin from the market
All we said above is perfectly compatible with the current technical side of Bitcoin and the entire encryption market. It is difficult to determine where the Bull Run game started exactly, but over the past two and a half years, Bitcoin has been printing its highest levels.
Recently, BTC printed a new ATH but shortly after a sign of $ 110,000 fell. From a technical point of view, this is a natural thing for the encryption market, especially for BTC. A achieving profit is important, and this is something that everyone should do.
(source)
If BTC is not able to restore that area, it can form the opposite W style, which can send it to a mark of $ 70,000. We all know that this is encryption, everything is possible, and it can be violent.
Another index shows the signs of Habboudia is RSI 14. While Bitcoin prints the higher relative power index (RSI), prints its highest levels. This is something that can be misleading, but after all, this relative force appears.
(source)
This declining difference can lead to a short -term sale process, but at this point, this is completely normal.
In the daily time frame, we can see that the price still respects the trend of 200 SMA and EMA. We can see in the last months of bitcoin coinciding everywhere, leaving both sides with huge losses or gains.
Fluctuations from 80 thousand dollars to $ 110,000 in the range of bitcoin fluctuations.
(source)
All that is said, this does not mean that we are not up to BTC. In the short term, everything can happen, but we know that Bitcoin comes stronger and ready to pay for another ATH.
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The encryption market between the United States and China Trade War.
Will Bitcoin restore a sign of $ 110,000?
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