Analysts Say Bitcoin Looks Bearish: At This Hour, The Price Could Fall Again! - Coin Newsletter

Crypto markets are expected to experience further get dumped while waiting for the opening of the US exchanges.

BTSE COO Jeff Mei stated in an interview with CoinDesk, “Historically, crypto markets move before exchange markets over the weekend, and this morning’s düşüş in Asian markets seems to reinforce that belief. We expect crypto markets to get dumped further when the U.S. markets open.”

Mei stated that whether crypto markets recover or not depends on the capacity of major countries to secure short-term tax cuts or agreements this week. So far, Vietnam, Cambodia, and Taiwan have committed to reducing their tariffs or increasing US investment, but similar steps from major trading partners like Japan or China could rebuild confidence and uncertainty in the markets.

Augustine Fan from SignalPlus stated that the current price movements indicate a bear market. “All indicators show that we are now in ‘bear market’ mode in the macro markets, rallies will get dumped, and investors will have to deal with long-term bets against this new reality,” he said.

The fan stated that in the long term, Bitcoin (BTC) has made a rebound against global stocks but during this period, risk management will dominate the markets, meaning lower prices will prevail.