In the grand theater of global economics, the cryptocurrency Bitcoin (BTC) took a bow below the vaunted $100,000 mark on this fateful day of February 4th, as the specter of trade wars loomed like a menacing shadow over its brief resurgence. 🎭
Data, that fickle mistress, whispered through the analytics of CryptoMoon Markets Pro and TradingView, revealing a 3% reversal in the BTC/USD tango after the day’s curtain lifted.
Markets, ever the optimist, had leaped with joy at the news of US tariffs on Mexico and Canada being delayed—a whole month!—as if time itself could heal all wounds. And let us not forget President Donald Trump’s grand gesture, signing an executive order for a sovereign wealth fund, a first in this great American experiment. 🚀
David Sacks, the White House’s own cryptocurrency maestro, is poised to reveal the secrets of the nation’s digital asset policy at the stroke of 2.30 pm Eastern Time. Will the world be forever changed? Only time will tell. ⏰
“The Trump administration dreams of America as the digital asset czar,” opined the popular trader Jelle, posting with the fervor of a man expecting fireworks. A “big day” indeed, he says, as if every day were not a testament to the whims of fate. 🌟
Bitcoin, the resilient dancer, having pirouetted near the $91,500 nadir, sprang back with a vigor that added over $10,000 to its worth in a single breath. Yet, just as triumph seemed certain, China responded to US tariffs with measures of its own, targeting the very lifeblood of industry—oil, coal, and more. 🎭
“Another day of tempests ahead,” Jelle quipped, as if the market’s mood swings were not already a sufficient rollercoaster. 🎢
Michaël van de Poppe, a crypto sage in his own right, concurred with the inevitability of volatility, summarizing the day’s chart as if it were a novel’s plot. “Bitcoin’s swift return and current range-bound dance is but a prelude to February’s probable all-time highs,” he pronounced. “Volatility has taken up residence in our rooftops, yet as long as Bitcoin keeps its head above $93K, a new ATH beckons.” 🌌
“It’s quite normal to stumble after such a leap,” he added, as if the market’s whims were as predictable as the sunrise.
Phoenix, another popular trader, suggested that BTC/USD would carve out a new short-term range amidst the chaos, as if the market were a sculptor and volatility its clay. 🐦
In the wings, Axel Adler Jr., a contributor to the onchain analytics platform CryptoQuant, found cause for merriment in the funding rates across derivatives markets—a rare bull signal amidst the Bitcoin’s descent toward $90,000.
“Seven times this year the Bitcoin Funding Rate has turned its frown upside down,” Adler declared, as if each instance were a beacon of hope in the fog of market uncertainty. 🐮
“Each prior instance a harbinger of bullish momentum,” he added, as if the past could predict the future with any certainty.
And let us not forget the Relative Strength Index (RSI), which, according to CryptoMoon, flashed a similarly rare upside signal on the 4-hour
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2025-02-04 11:25