Bitcoin’s Next Move: Crypto Markets Rally Behind Trump’s Trade Deal Buzz
Trump’s latest trade deal hype sends crypto traders scrambling—because nothing pumps altcoins like geopolitical theater. Bitcoin flirts with key resistance levels as the market bets on dollar weakness.
Here’s the playbook:
- Macro tailwinds: A softening dollar could crack open Bitcoin’s next leg up. Watch for institutional flows.
- Liquidity games: Crypto markets still dance to Fed policy more than any presidential tweet. Don’t let the hype fool you.
- The cynical take: Wall Street will front-run retail... again. Meanwhile, your broker still thinks blockchain is a bike lock technology.
Bearish RSI divergence
While BTC set a new multi-week high during the Asian session, the 14-hour relative strength index, an indicator used to gauge momentum and overbought and oversold conditions, didn’t follow suit.
The resulting bearish divergence suggests the momentum may be weakening.
