Bitcoin (BTC) Current Status and Market Impact

1. Bitcoin Price and Recent Changes

Bitcoin (BTC) price reached $97,873.88, showing a gain of 1.31%.

ETH ($2,650.56), BNB ($605.29), and SOL ($204.98) also saw modest gains.

BTC is currently in a range of $95K to $100K, with no clear breakout in the direction yet.

2. MACD Indicator and Bearish Signal

Bitcoin’s MACD indicator has given a negative signal, potentially indicating a bearish movement.

This is the same indicator that predicted BTC’s breakout to $70K after the last US election.

However, this indicator has not been confirmed by price yet, so there is no need to panic.

3. Donald Trump’s Tariff Policy and Possible Impact

Trump has announced that he will impose 25% tariffs on steel and aluminum, and more tariffs are likely on imports from the European Union.

This could increase fears of a trade war, which could cause instability in the global market and crypto.

US inflation expectations are also rising, which could potentially reduce the chances of the Federal Reserve cutting interest rates.

4. Possible market scenarios

If BTC breaks the $90K support, the MACD’s negative signal could strengthen, which could lead to further declines.

If BTC breaks the $100K resistance, a new bull run could begin.

On February 12, the US CPI (Consumer Price Index) data will be released, which will provide further clues about inflation and could have a major impact on the market.

What to do?

Keep an eye on the $90K-$100K range, as this will provide breakout or breakdown signals.

Don’t rely on MACD signals alone, but confirm with price action.

Be prepared for potential volatility following Trump’s policies and CPI data.