On april 7th the market was at around an extreme fear level this was because the US president said that it would place very high tariffs on China, since then China has not taken a step back, as a matter of fact its Chinese Embassies have put out taunty tweets. 

I feel like that was peak uncertainty, investors tend to remove their funds during those perios of uncertainty, but now yesterday april 22nd the US president said that he wasnt going to place high tariffs on China but that it wouldnt be zero either, investors took this as an okay to get back into the market, apart from the news regarding not looking to remove Jerome Powell as the Federal reserve chairman.

There are two scenarios that could play out now in my opinion: Either the BTC price can go down by 10k or it can go up another 10k taking it up to a resistance level of up to $104,900.  The way I see this happening is if Trump resumes talks of raising tariffs on China which is see very unlikely since h'ell have people in his ear telling him to avoid that in order to prevent the markets to plummet. So the probablitiy is low but it may still happen.

The other scenario is that it see another leg up. Bitcoin usually follows the M2 money supply which is the amount of money circulating in the world, I wont go into detail here but basically the more money there is in the world the more money available to go into Bitcoin. Right now it is following the same path and following the pattern. Today $Trump Coin went up by 50 percent, and if that is a clue to what may be on the horizon for the market, then it is a good sign. An unprecedented event may happen and may cause the Bitcoin price to plummet but if it doesnt happen, it can only be good news from today going forward, looking at everything from a birds eye point of view. 


If you would like to see more of my breakdown you can watch my new video I posted on Odysee, I"ll link it down below and If you would like to support, please follow and like my channels, as I share my knowledge through them. Thanks for reading.