The price of Bitcoin has faced pressure this week due to ongoing trade concerns, resulting in a decrease in the crypto fear and greed index. The fear stems from fears of a trade war between the US and its top partners, with levied tariffs on Chinese goods and the possibility of Canadian and Mexican tariffs being restarted next month. This has led to a sense of fear among market participants and caused investors to remain on the sidelines. Additionally, the Federal Reserve's more hawkish tone in its first monetary policy meeting of the year has contributed to Bitcoin's wavering price. However, there are two rare chart patterns on the weekly chart that suggest a potential rebound for Bitcoin in the future. These patterns, a cup and handle and a bullish flag, have historically led to substantial gains in price. The profit targets for these patterns indicate a potential rebound to $123,000 and a breakout to $166,000. However, it is important to note that these predictions may take time to be realized as they are based on the weekly chart and the formation of these patterns can take several years.



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