Summary
- MAC.D, a CryptoQuant contributor, stated that the recent Bitcoin price uptrend may be difficult to sustain.
- He revealed that the cryptocurrency market is being heavily influenced by the macroeconomy and stock market.
- He indicated that President Trump's statements on tariffs and pressure on interest rate hikes make the current situation negative for Bitcoin's trending rise.
An analysis has been raised suggesting that Bitcoin (BTC) price increases may be difficult to continue for the time being.
On the 9th, MAC.D, a CryptoQuant contributor, stated through X, "Recently, the cryptocurrency market has been greatly influenced by the macroeconomy and stock market," adding, "Looking at the U.S. three major indices technically, they are positioned at the 200-day line, which indicates a mid-term trend, and at major supply zones, so we can expect the possibility of support."
However, he expressed doubt about the possibility of Bitcoin price increases. He said, "With Trump's continued statements on tariffs, pressure on interest rate hikes due to inflation, and the risk of unwinding yen carry trades due to narrowing U.S.-Japan interest rate differentials, there are no positive factors," adding, "I question whether (Bitcoin) can achieve a trending rise." He further added, "(In the future) we may have to go through a difficult period for several months."
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul
