The cryptocurrency market has encountered a tough start in the first quarter and is facing difficulties in the early stages of the second quarter. While Bitcoin has managed to maintain stable values, altcoins have been impacted negatively, experiencing significant declines. With many cryptocurrencies trading close to last year’s lows, speculation arises: can they rebound effectively?
Are Signs Pointing to a Market Recovery?
Recent news has been dominated by tariff negotiations. Former President Trump has been vocal, declaring, “Tariffs are coming, and there will be no turning back.” Expectations were set for tough measures that would discourage any retreat. However, the actual tariffs were deemed harsh enough to raise recession alarms.
What Does Recent Market Behavior Indicate?
Recently, Trump’s tone has shifted towards negotiation, with his team expressing optimism about fruitful discussions. This change indicates that the market may be moving past its peak fears. Notably, CryptoCon has reported signals pointing to a bullish market trend from an alternative perspective.
Market experts suggest that Bitcoin has moved out of a state of despair into a phase of stagnation and indifference. Historical data reveals that such reduced volatility has occurred four times previously, each preceding a bullish trend. Two indicators confirm that a significant upward movement may still be possible:
- Historically low volatility levels have often foreshadowed bullish parabolas.
- No significant movement has approached the cycle’s highest volatility point.
Weak participants in the market are being eliminated, prompting critical decisions for those involved.
As of now, ONDO Coin is showing consolidation within an ascending channel, with analysts recommending close monitoring as it nears the $0.73 mark, suggesting a potential test of its bottom. Meanwhile, Ethereum is also expected to recover toward $3,600 following its own bottom test, according to Washigorira’s analysis.
Currently, Bitcoin is valued at $84,800, amidst ongoing discussions by Federal Reserve members about inflation risks and recession. Fed Chair Powell believes there is still time for action, with the next meeting scheduled soon.
