{"id":20197,"date":"2025-04-02T11:31:47","date_gmt":"2025-04-02T11:31:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=20197"},"modified":"2025-04-02T11:31:47","modified_gmt":"2025-04-02T11:31:47","slug":"70-chance-of-crypto-bottoming-before-june-amid-trade-fears-nansen","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=20197","title":{"rendered":"70% chance of crypto bottoming before June amid trade fears: Nansen"},"content":{"rendered":"
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The cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in both traditional and digital markets.<\/p>\n

US President Donald Trump is set to detail on April 2 his reciprocal import tariffs<\/a>, measures aimed at reducing the country\u2019s estimated trade deficit of $1.2 trillion in goods and boosting domestic manufacturing.\u00a0<\/p>\n

While global markets took a hit from the first tariff announcement, there is a 70% chance for cryptocurrency valuations to find their bottom by June, according to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform.<\/p>\n

The research analyst told Cointelegraph:<\/p>\n

\u201cNansen data estimates a 70% probability that crypto prices will bottom between now and June, with BTC and ETH currently trading 15% and 22% below their year-to-date highs, respectively. Given this data, upcoming discussions will serve as crucial market indicators.\u201d<\/p><\/blockquote>\n

\u201cOnce the toughest part of the negotiation is behind us, we see a cleaner opportunity for crypto and risk assets to finally mark a bottom,\u201d she added.<\/p>\n

Related: <\/strong><\/em>Bitcoin can hit $250K in 2025 if Fed shifts to QE: Arthur Hayes<\/strong><\/em><\/a><\/p>\n

Both traditional and cryptocurrency markets continue to lack upside momentum ahead of the US tariff announcement.<\/p>\n

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BTC\/USD, 1-day chart. Source: <\/em>Nansen<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n

\u201cFor the main US equity indexes and for BTC, the respective price charts failed to resurface above their 200-day moving averages significantly, while lower-lookback price moving averages are falling,\u201d wrote Nansen in an April 1 research report<\/a>.\u00a0<\/p>\n

\u201cFragile market psychology highlights the necessity of \u201cgood news,\u201d mainly on US growth and on tariffs,\u201d added the report.<\/p>\n

Related: <\/strong><\/em>Michael Saylor\u2019s Strategy buys Bitcoin dip with $1.9B purchase<\/strong><\/em><\/a><\/p>\n

Bitcoin needs to hold $82k amid crypto market \u201cwait and see\u201d mode: analyst<\/h2>\n

Investors are currently in \u201cwait and see mode\u201d and are hesitant to take on large positions as markets lack direction.<\/p>\n

However, the Crypto Fear & Greed Index remained above the \u201cextreme fear\u201d mark for a third consecutive session, which suggests a marginal improvement despite continued caution, Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, told Cointelegraph.<\/p>\n

\u201cThis reinforces the view that markets are in a wait-and-see mode,\u201d Zlatareva told Cointelegraph, adding:<\/p>\n

\u201cBitcoin continues to consolidate within the $82,000 \u2013 $85,000 range after experiencing a period of directional recalibration in Q1. The asset is navigating this zone with key support at $82,000 and upside potential toward $86,500 and $90,000 if broader sentiment stabilizes.\u201d<\/p><\/blockquote>\n

Other traders are awaiting a Bitcoin breakout above $84,500<\/a> as a signal for more upside momentum amid the ongoing tariff uncertainty.<\/p>\n