Crypto Bottom Expected by June?

Global uncertainty surrounding import tariff negotiations is impacting both traditional and cryptocurrency markets. US President Trump's upcoming announcement on reciprocal tariffs is a key factor influencing investor sentiment.

70% Chance of Crypto Bottom by June

Aurelie Barthere, principal research analyst at Nansen, predicts a 70% probability that cryptocurrency prices will reach their bottom between now and June. Bitcoin (BTC) and Ethereum (ETH) are currently trading 15% and 22% below their year-to-date highs, respectively. According to Barthere, once the tariff negotiations conclude, there's a greater chance of the market finding a bottom.

Nansen's April 1st research report highlights that major US equity indexes and BTC have failed to decisively break above their 200-day moving averages, indicating a fragile market psychology. Positive news regarding US growth and tariffs is crucial for market stabilization.

Bitcoin's Crucial Support Level

Investors are currently in a "wait and see" mode, hesitant to take large positions due to the lack of market direction. While the Crypto Fear & Greed Index shows a slight improvement, remaining above "extreme fear," caution persists.

Stella Zlatareva, dispatch editor at Nexo, notes that Bitcoin is consolidating between $82,000 and $85,000. $82,000 is a key support level; a break above $84,500 could signal further upward momentum.

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