Bitcoin Faces Potential Volatility Amid Market Turmoil
- Bitcoin is expected to experience volatility due to market conditions linked to US tariffs.
- The trading range for Bitcoin is anticipated between $70,000 and $90,000 in the coming weeks.
- Bitcoin recently crossed the 100-day EMA at $81,980, indicating potential upward momentum.
- If Bitcoin loses support at $78,000 on a weekly timeframe, a market downturn may occur.
- Currently, Bitcoin is trading at $82,393, marking a 3.5% increase in the last 24 hours.
Pseudonymous trader Altcoin Sherpa predicts Bitcoin will consolidate between $70,000 and $90,000 while warning of potential market decline if support at $78,000 fails. Bitcoin’s current price stands at $82,393 with recent gains noted.
Source (2.6)https://dailyhodl.com/2025/04/11/bitcoin-primed-for-choppy-conditions-over-the-next-several-weeks-says-trader-here-are-his-targets/?rand=59076
