{"id":22660,"date":"2025-04-02T17:33:01","date_gmt":"2025-04-02T14:33:01","guid":{"rendered":"https:\/\/forklog.com\/en\/nansen-predicts-crypto-market-bottom-by-june\/"},"modified":"2025-04-02T17:33:01","modified_gmt":"2025-04-02T14:33:01","slug":"nansen-predicts-crypto-market-bottom-by-june","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/nansen-predicts-crypto-market-bottom-by-june\/","title":{"rendered":"Nansen Predicts Crypto Market Bottom by June"},"content":{"rendered":"

The cryptocurrency market may reach a local bottom within the next two months amid global uncertainty over ongoing trade tariff negotiations. This is reported by Cointelegraph<\/a>, citing a Nansen report.<\/p>\n

On April 2, U.S. President Donald Trump plans to unveil details of a comprehensive “reciprocal tariffs” package.<\/p>\n

Traders fear<\/a> that U.S. retaliatory tariffs could trigger a chain reaction, potentially escalating into a global trade war. <\/p>\n

\n

“Nansen’s data estimates a 70% probability that cryptocurrency prices will bottom out between now and June,” stated the company’s chief analyst, Aurelie Barter.<\/p>\n<\/blockquote>\n

Considering that Bitcoin and Ethereum are currently trading 15% and 22% below their annual highs, the outcomes of the negotiations will serve as crucial market indicators, she added.<\/p>\n

\n

“Once the most challenging part of the discussions is over, we will see a more favorable opportunity for cryptocurrencies and risk assets to finally reach a bottom,” Barter believes.<\/p>\n<\/blockquote>\n

Nansen experts noted that major U.S. stock indices and the price of Bitcoin have failed to rise significantly above their 200-day moving averages. Meanwhile, metrics over shorter time frames are declining. <\/p>\n

\n

“The fragile market psychology underscores the need for ‘good news,’ primarily concerning U.S. economic growth and tariffs,” they wrote in the report.<\/p>\n<\/blockquote>\n

Among the most anticipated events this week, experts pointed to the release of wage data and a speech by Federal Reserve Chairman Jerome Powell<\/span>.<\/p>\n

Nexo’s newsletter editor Stella Zlatareva confirmed the investors’ wait-and-see stance. However, the cryptocurrency fear and greed index (44 at the time of writing) indicates a slight improvement in sentiment, she added.<\/p>\n

\"Crypto-Fear-Greed-Index-Bitcoin-Sentiment-Alternative.me-Google-Chrome-4\"
Data: Alternative<\/a>.<\/figcaption><\/figure>\n
\n

“Bitcoin continues to consolidate in the $82,000\u2013$85,000 range after a period of directional recalibration in the first quarter. The asset is moving in this zone with key support at $82,000 and potential growth to $86,500 and $90,000 if overall sentiment stabilizes,” concluded Zlatareva.<\/p>\n<\/blockquote>\n

Earlier, MN Trading founder Micha\u00ebl van de Poppe suggested<\/a> that the leading cryptocurrency might retest the $76,600 low before resuming its upward trajectory.<\/p>\n","protected":false},"excerpt":{"rendered":"

The cryptocurrency market may reach a local bottom within the next two months amid global uncertainty over ongoing trade tariff negotiations. This is reported by Cointelegraph, citing a Nansen report. On April 2, U.S. President Donald Trump plans to unveil details of a comprehensive “reciprocal tariffs” package. Traders fear that U.S. retaliatory tariffs could trigger […]<\/p>\n","protected":false},"author":1,"featured_media":22659,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1146,1138],"class_list":["post-22660","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-market-forecasts","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"31","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22660","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=22660"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/22660\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/22659"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=22660"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=22660"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=22660"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}