Bitcoin’s rise to the record $110,000 mark “appears plausible in the current market environment,” according to Juan Pellicer, senior research analyst at IntoTheBlock.“BTC is showing signs of recovery, driven by growing institutional interest and significant investments from large players,” the analyst told Cointelegraph, adding:“The Federal Reserve’s recent decision to ease its monetary tightening could further boost liquidity, favoring a price increase in the near term.”“While market volatility remains a risk that could lead to a pullback, the overall momentum and support levels suggest Bitcoin is more likely to hit the higher target first,” added Pellicer.
But attention will turn to the PCE inflation print, which could become the next key catalyst.”Risk assets staged a significant recovery after “Trump signaled twice on Monday that trading partners might secure exemptions or reductions, offering a reprieve that helped soothe market jitters,” QCP added.
Despite a multitude of positive crypto-specific developments, global tariff fears will continue to pressure the markets until at least April 2, according to Nicolai Sondergaard, a research analyst at Nansen.“I’m looking forward to seeing what happens with the tariffs from April 2nd onward, maybe we’ll see some of them dropped but it depends if all countries can agree,” Songergaard said.BTC/USD, 1-day chart.
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Author / Journalist: Cointelegraph by Zoltan Vardai
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