The cryptocurrency market may see a local bottom in the next two months amid global uncertainty over ongoing import tariff negotiations, which have been limiting investor sentiment in both traditional and digital markets.
US President Donald Trump is set to detail on April 2 his reciprocal import tariffs, measures aimed at reducing the countryâs estimated trade deficit of $1.2 trillion in goods and boosting domestic manufacturing.
While global markets took a hit from the first tariff announcement, there is a 70% chance for cryptocurrency valuations to find their bottom by June, according to Aurelie Barthere, principal research analyst at the Nansen crypto intelligence platform.
The research analyst told Cointelegraph:
âNansen data estimates a 70% probability that crypto prices will bottom between now and June, with BTC and ETH currently trading 15% and 22% below their year-to-date highs, respectively. Given this data, upcoming discussions will serve as crucial market indicators.ââOnce the toughest part of the negotiation is behind us, we see a cleaner opportunity for crypto and risk assets to finally mark a bottom,â she added.
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Both traditional and cryptocurrency markets continue to lack upside momentum ahead of the US tariff announcement.
BTC/USD, 1-day chart. Source: Nansen
âFor the main US equity indexes and for BTC, the respective price charts failed to resurface above their 200-day moving averages significantly, while lower-lookback price moving averages are falling,â wrote Nansen in an April 1 research report.
âFragile market psychology highlights the necessity of âgood news,â mainly on US growth and on tariffs,â added the report.
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Bitcoin needs to hold $82,000 amid crypto market âwait and seeâ mode: AnalystInvestors are currently in âwait and see modeâ and are hesitant to take on large positions as markets lack direction.
However, the Crypto Fear & Greed Index remained above the âextreme fearâ mark for a third consecutive session, which suggests a marginal improvement despite continued caution, Stella Zlatareva, dispatch editor at digital asset investment platform Nexo, told Cointelegraph.
âThis reinforces the view that markets are in a wait-and-see mode,â Zlatareva told Cointelegraph, adding:
âBitcoin continues to consolidate within the $82,000 â $85,000 range after experiencing a period of directional recalibration in Q1. The asset is navigating this zone with key support at $82,000 and upside potential toward $86,500 and $90,000 if broader sentiment stabilizes.âOther traders are awaiting a Bitcoin breakout above $84,500 as a signal for more upside momentum amid the ongoing tariff uncertainty.
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