Bitcoin's price falls 6% after Trump's rates, since this ICO reaches $ 9 million

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The price of bitcoin fell more than 6% in the last 24 hours to operate at $ 93,632.92 at 10:00 pm Est since investors download their holdings in the cryptography of the market.

The fall in the price of btc occurs after the president of the United States, Donald Trump, signed an executive order that imposed 25% tariffs on imports from Mexico and Canada, and a 10% tax in China, which It will enter into force on Tuesday.

bitcoin Price will hold on to support

4 -hour graph for btc/USDT (Source: TrainingView)

He bitcoin price <a target="_blank" href="https://www.tradingview.com/x/aCbMujSD/”>sunken Under the support of $ 98,063.55 in the last 24 hours and now rests on the next crucial support for $ 93,904.24. btc already broke below this technical brand in recent hours, but buyers are trying to defend the level. If the bears dominate the bulls in the next 12 hours, the price of bitcoin could end up falling up to $ 89,135.77.

On the other hand, btc that closes the following 2 4 -hour candles above $ 93,904.24 could lead to a rebound. In this alternative scenario, the price of bitcoin could end up trying to recover the support of $ 98,063.55. The continuous pressure of buyers if the leading cryptography recovers above this point could result in an increase in up to $ 102,964.28 in the short term.

The technicians suggest that the price of bitcoin will continue to fall

From a technical point of view, the indicators in the 4 -hour btc table warn that bitcoin's price could fall further throughout today. More specifically, the divergence of mobile average (MACD) and the relative resistance index (RSI) are flashing.

The MACD line is placed below the MACD signal line after the two technical indicators crossed over the weekend. This alignment is often interpreted as a sign that an asset has entered a negative trend. In the last hours, the gap between the two lines has also begun to grow, which could suggest that btc's bearish impulse does not show signs of cooling yet.

Meanwhile, the RSI shows that btc It is in overall territory, with the current value well below 30 to 18. RSI's low values show that the ascending potential of a cryptography is greater than its downward potential and, therefore, it is generally seen as a Purchase signal.

However, it is not unusual that RSI readings remain low for a period of time sustained when a cryptography is dumping. The negative slope of the RSI line warns that this could be the case in this case. As sellers continue to surpass buyers, it seems that btc RSI readings can remain low during the next two hours and the leading price of cryptography will continue to decrease.

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