For some time, a renowned analyst has accurately predicted significant fluctuations in the cryptocurrency markets. Recently, Roman Trading suggested that Bitcoin’s price could plummet to $100,000, a statement made amid a new ATH movement. Following this, rather than technical formations, Trump’s remarks on China caused a major disruption in the charts. So, what should we expect now?
Market Seer’s Predictions
As this article was being prepared, the news of Trump pardoning CZ brought about market recovery. This move was considered one of the most pivotal steps in ending the so-called war against cryptocurrencies. He criticized the previous administration’s senseless fight against crypto, a sentiment many find credible.
While Tesla’s Elon Musk stirred the crypto markets in 2021, Trump appears to play a similar role in the new cycle of the four-year boom. The influence of a former U.S. President is undeniably broader than a single entrepreneur. By the midterm elections in 2026, we are likely to witness the approval of many crypto-friendly legislations.
Nevertheless, Roman Trading remains apprehensive about a possible downturn. Bitcoin reclaiming $110,000 provides a glimpse of hope against Roman’s bleak forecast.
“Losing the 107-109k support area could lead to rapid deterioration. Until now, we’ve held firm, but this isn’t just a horizontal support; it’s been a diagonal support for over a year and a half’s uptrend.”
The analyst foresees a severe decline if this support is breached, potentially terminating a 1.5-year trend. A double top pattern in the weekly chart suggests a transition to bearish markets. The decline could pause within the $96,000 to $88,000 range.
Is XPL Coin a Wise Investment?
XPL Coin faced a 5% loss today, with fluctuations in both TRY (6.5%) and BNB (10.3%) pairs. The situation appears grim as expectations of a V-shaped recovery, seen in previous launches, did not materialize.
Complications arose due to skepticism around the team and the subsequent China incident. Although Plasma made a strong start with the ambition to become the largest stablecoin network, its token’s performance remains unsatisfactory.
Sherpa, a notable figure in the altcoin space, expressed his disappointment with the coin.
“I dropped my long bag a long time ago. I will stay away for a while. I prefer to buy on an upswing rather than trying to catch a falling knife and getting hurt more.”