Nansen: 70% chance crypto bottom out before June

The crypto market may establish a local bottom in the next two months amid global instability due to ongoing import tax negotiations, which limit investor sentiment in both traditional and digital markets.

U.S. President Donald Trump will detail retaliatory tariffs on April 2, measures aimed at reducing the country’s $1.2 trillion trade deficit in goods and boosting domestic manufacturing.

Although global markets were affected immediately by the first tax announcement, according to chief research analyst Aurelie Barthere at the cryptocurrency information platform Nansen, there is a 70% chance that cryptocurrency values will find a bottom by June.

The analyst of this research said:

"Nansen's data estimates there is a 70% probability that cryptocurrency prices will bottom between now and June, with BTC and ETH currently trading 15% and 22% below their highs this year, respectively. Based on this data, upcoming discussions will serve as important indicators for the market. After the most difficult part of the negotiations has passed, we see a clearer opportunity for cryptocurrencies and risky assets to bottom."

Both the traditional market and crypto continue to lack growth momentum ahead of the U.S. tax announcement.

BTC 1-Hour Price Chart | Source: Nansen “For the major U.S. stock indices and BTC, the corresponding price charts have not been able to recover significantly above the (MA) 200-day moving average, while the shorter-term price MA indicators are declining. The fragile market sentiment underscores the need for positive news, mainly related to U.S. economic growth and tariffs,” Nansen wrote in a research report on April 1.

Bitcoin needs to maintain above the level of 82**.**000 dollars

Investors are currently in a "wait and see" mode and are hesitant to make large transactions due to the lack of direction in the market.

However, the Cryptocurrency Fear & Greed Index has remained above the "extreme fear" level for three consecutive sessions, indicating a slight improvement despite maintaining a cautious sentiment, according to Stella Zlatareva, editor of the digital asset investment platform Nexo.

"This reinforces the view that the market is in a wait-and-see mode. Bitcoin continues to consolidate in the range of $82,000 – $85,000 after going through a directional adjustment phase in Q1. This asset is adjusting in the area with significant support at $82,000 and has the potential to rise to $86,500 or $90,000 if the overall sentiment stabilizes."

Other traders are waiting for the BTC price to break out above $84,500 as a signal for stronger growth momentum amid ongoing trade uncertainty.

Disclaimer: This article is for informational purposes only and is not investment advice. Investors should conduct thorough research before making decisions. We are not responsible for your investment decisions.

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Minh Anh

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