Bitcoin Retreats as Geopolitics, Rate Expectations Weigh — Market Talk
-
Bitcoin retreats to below $71,000 as geopolitics and rate expectations damp the relief rally. XS.com's Linh Tran says there isn't a sufficiently strong market foundation to maintain an uptrend. Bitcoin got a boost after U.S. CPI soothed inflation fears, but Tran notes that inflation remains relatively high, particularly as energy prices keep swinging. That limits Fed cut hopes and focus returns to higher-for-longer rates. Bitcoin faces various constraining factors: persistent geopolitical risks, hesitant institutional demand and expectations for prolonged high rates that pressure liquidity-sensitive assets. It is likely to stay in consolidation or range-bound pattern. To confirm a sustainable bullish trend, Tran says the market needs to see factors like a genuine easing of inflation, signs of Fed loosening or a strong return of institutional flows. Bitcoin down 0.7% at $70,853. (fabiana.negrinochoa@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260413000426:0/
Hello! It looks like you're interested in this conversation, but you don't have an account yet.
Getting fed up of having to scroll through the same posts each visit? When you register for an account, you'll always come back to exactly where you were before, and choose to be notified of new replies (either via email, or push notification). You'll also be able to save bookmarks and upvote posts to show your appreciation to other community members.
With your input, this post could be even better 💗
Regista-te Iniciar sessão