Bitcoin's hovering around $67,000 and seems to be losing steam after Trump's comments on potential trade tariffs.
The market's starting to factor in the chance of higher interest rates sticking around in the US, which is definitely weighing on riskier assets.
This isn't just about politics; it's also about liquidity.
So, are we just seeing a short-term response to all this macro chatter... or is this the start of a new chapter in global risk assessment?
In past cycles, BTC has brushed off headlines like these.
But when liquidity takes a hit, behavior tends to shift too.
BTC at $67K: Short-term swings or a shift in the bigger picture?
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Of course, liquidity greatly affects the price, not just politics and economics. The macro conditions reflect the state of the global situation and the flow of money in the Bitcoin market. I think currently BTC prices are in a short-term adjustment because the global situation is indeed in a transition period and because of Trump's statement. Another condition we should understand is that the market is currently in an oversaturated phase, and we have already seen the bearish phase.
It might not stop here, if global conditions become increasingly unstable, the market could turn bad again and Bitcoin prices may drop. Given the cyclical nature, I personally have a target that BTC might reach $49k. So, today's adjustment might be because some whales are still trying to hold the price, and the rebound that occurred is false.
I appreciate your perspective especially regarding liquidity and macroeconomic transition phases. I agree that broader instability can prolong corrective periods and the cyclical nature should never be underestimated.
The $49k region certainly cannot be ruled out especially if financial conditions tighten further. At the same time I believe it's important to observe whether the current price behavior reflects distribution or simply consolidation within a larger structure.
Liquidity may be the driver but the structure often shows us how that liquidity is being absorbed
Death Cross is about to take place, this could be the last move to the downside and it's unstoppable, 67k isn't the bottom, I could be wrong but this is what my own trading tool is revealing at the moment, everyone has their own different trading tools that they use, all my signals are flashing the same warning about that ugly death cross, it's going to be bloody.
This will be where I will move in and start buying in higher amounts of money, it's also possible that we go up a bit before diving down, and I am expecting such big move by march of this year, I think the bottom will happen very fast this time around and many people will be waiting for more downside and they will miss the bottom again.
nonce_2009Member
Posts: 46 · Reputation: 209
#5Apr 29, 2020, 12:11 PM
After the drop of Bitcoin market price on around 60k$ for sure there will be a lot of changes when it comes to the movement of the market, it's going going to be the same as if the market was around 126k$. We can already see that mostly news and articles are going to be positive because of the upward trend, vice versa when the market is dumping there will be a lot of negative articles about Bitcoin and most of the time it is links to different factors like politics.
I might be wrong but somewhere around 45k$ is probably the bottom of the deep, we see the market price quickly consolidate when the market drops, a lot of investors starting buying since prices is on a discount, but I dont know if it is going to hold for a long time, all of this just feel way too fast in my opinnion that is why it is going to drop even more.
In any case, if you hodl properly - it doesn't affect you much.
It depends entirely on what you are going to do with your bags and what your target is.
Many expect the decline to continue, citing growing geopolitical tensions in the Middle East as the reason. However, it is difficult to predict exactly how far the price of BTC will fall. Some expect the bottom to be in the range of $50k to $60k, while others anticipate an even deeper correction, potentially below $50k.
p.s.
Personally, I don't expect BTC to fall below $50k.
GigaRocketMember
Posts: 11 · Reputation: 183
#8May 3, 2020, 07:47 PM
Interesting point about liquidity. While tariffs and political statements create short-term noise, the real pressure comes from the 'higher for longer' interest rate environment. BTC has historically struggled when liquidity tightens, so we might be seeing a healthy consolidation before the next leg up. $67k is still a strong level compared to previous cycles.
I agree that liquidity changes the market and we'll see what will happen in the next weeks to come. Now that the chinese new year is done, I guess that we'll see more action by then done by them.
Not ignoring the headlines that's happening in the USA. There's a lot of financial news that are also related to its politics and as well as geopolitics.
As the speculators are saying, it's oversold and if some push happens then it has something to do with a good/bad news that will come.
Wait for it the market may soon go down to $60,000 and if care is not taken we can also have a little bit lower, all because we are still in the season of bear and this is normal about the market, this may not be seen as a temporary volatility but it has always been the normal expectation that each season in the market react according to the shift in it base on demand and supply, maybe all through this year things can remain the same as we have been having since the beginning of this year before we exit the bear and go into another face next year and so on.
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