The global cryptography market should once again prepare for potential turbulence as President of the United States, Donald Trump, rekindled trade tensions, teasing a new series of reciprocal rates, News.Az reports Coinspeaker.
Trump shared his intention to impose prices reflecting the rates that other nations are invoked for American goods on Thursday, which can increase global economic uncertainties. This decision, associated with inflation problems, could lead to an increase in market volatility, because Bitcoin, often considered as coverage against Fiat instability, shows signs of weakness.
“Three big weeks, perhaps the best of all time, but today is the big one: the reciprocal prices !!! Make America great again !!! “Said Trump via social truth.
Trump pricing strategy
The prices offered by Trump are aimed at approaching what he calls “unfair commercial practices”, targeting countries such as India, Brazil, Vietnam and others with high import rights on American goods. Reciprocal prices should particularly have an impact on developing economies, where the gap between American prices and foreign import rights is important.
While the plan aligns with Trump’s protectionist economic policies, criticism argues that prices could hang on American consumers by increasing the costs of imported goods. In addition, current trade negotiations with Indian Prime Minister Narendra Modi suggest a potential relaxation of Indian export prices, but uncertainty is looming on broader trade relations, in particular with China and Mexico.
Bitcoin faces uncertainty
Bitcoin (BTC), often considered as a coverage against economic disorders, crashed massively following the previous price announcement of Trump in early February. The market leader increased from $ 102,000 to $ 91,000 in a few hours, but then reached $ 98,000 the next day.
At the time of writing this document, BTC is traded at $ 95,717, marking a drop of 2.20% in the last 24 hours. The cryptocurrency briefly affected a summit of $ 98,083, but the pressure sale reduced prices, with a daily hollow of $ 95,336.
Meanwhile, as clear of the daily graphic provided by tradingView below, the relative resistance index (RSI) for Bitcoin is 42.43, below the neutral 50 brand, suggesting a strong lower control. The gradient of the line indicates a weakening of the momentum and a potential movement towards conditions of occurrence in the near future.
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Historically, when #Bitcoin $ BTC Hins below 111D MA, major price movements follow! This level is now $ 93,400! pic.twitter.com/ost8ccfdln
– Ali (@ali_charts) February 13, 2025
On the other hand, the MacD indicator remains lower on the daily graphic. The action of the Bitcoin price is negotiated below the EMA of 20 days of $ 98,406, strengthening the short -term lowering prospects. However, analyst Ali Martinez underlined in an article on X that if Bitcoin descends below the 111 -day mobile average, which amounts to $ 93,400, the market leader could rise in monument.
News.az
