What to Expect from Bitcoin and Ethereum Moving Forward? Has the Plummet Trend Ended? Experienced Analyst Reveals Critical Levels!

***As the tariff war between the USA and China continues with mutual retaliation, Bitcoin (BTC), Ethereum (ETH) and other altcoins are showing a mixed trend.

With Trump’s decision to suspend a large portion of mutual tariffs for 90 days, the rising BTC and altcoins are giving back their gains as China and the US continue their tariff war.

While uncertainty due to tariffs continues in the markets, FxPro analyst Alex Kuptsikevich shared his current analysis for Bitcoin and Ethereum.

Speaking to Barron’s, Alex Kuptsikevich noted that Bitcoin and altcoins reacted to the news of Trump suspending tariffs by rising, but they did not rise as much as the stock markets.

At this point, the analyst, noting that the volatility in the cryptocurrency market continues, stated that whether BTC can break out of its correction trend will be determined by its movements around the 80 thousand dollar mark.

Kuptsikevich, stating that the real test for Bitcoin has now begun, expressed that it is still a bit early to say that the correction trend has ended:

"Bitcoin temporarily rose to $80,000, but it maintains uncertainty over whether the correction trend has ended in the medium and long term.

At this point, Bitcoin is approaching the upper edge of the downtrend and is being retested to see if it can break out of the correction trend that has been ongoing for the past two months. If it succeeds in staying above 80 thousand dollars, it will pass the test.

The analyst lastly stated that Ethereum has also recovered recently, but it is important to see whether it can break through the resistance at $1,900 to say that the correction trend has ended.

“Ethereum has also recovered from the lower support line, but whether it can break the upper resistance line at the 1,900 dollar level will determine the future trend.”