Nansen: "Bitcoin Expected to Crash Before June"

BTC Moving Average Graph Analysis Reveals Short-Term Price Outlook
"Expected to Decline Due to Weak Market Sentiment and 'Negative News'"

On-chain analysis platform Nansen released a report on the 3rd, evaluating the probability of Bitcoin (BTC) hitting bottom within two months at approximately 70% due to economic recession following Trump's expanded trade war.

The cryptocurrency market, including Bitcoin, sharply declined on the 3rd following Trump's tariff announcement.

President Trump emphasized eliminating discrimination against US companies due to other countries' tariff and non-tariff trade barriers, applying additional tariffs of over 10% to trade partner countries. After Trump's announcement, Bitcoin dropped by about 3%, and altcoins recorded declines of over 5%.

Nansen announced on the morning of the 3rd that cryptocurrencies could experience further decline based on the market's sharp drop.

Nansen's report stated, "Bitcoin's price has not recovered above the 200-day moving average and has fallen below the lower tracking price moving average" and "Negative news added to weak market sentiment will further challenge the market".

It further emphasized, "The probability of the cryptocurrency market hitting bottom between now and June is estimated at 70%".

Reporter Seung-won Kwon ksw@blockstreet.co.kr