Bitcoin (BTC) has shown a recovery, rebounding by 14.6% after falling below $75,000 for the first time in about 5 months in April. However, the current situation of failing to break through the $85,000 resistance line is creating new market uncertainty. Despite a short-term rebound, analysts suggest that buyers expecting a bull market may be trapped in an unfavorable position due to the failure of a clear breakthrough attempt.
Market experts view the breakthrough of the major resistance line as a turning point for market reversal. Notably, despite expectations of Donald Trump's policies and potential cryptocurrency regulation relaxation, Bitcoin has not been able to transition to a clear upward trend. This indicates that investors' wait-and-see attitude considering macroeconomic and regulatory uncertainties still prevails in the market.
Some believe that with an optimistic Consumer Price Index (CPI) trend and the potential reignition of Trump's favorable policy stance, the psychological resistance line could be broken. However, warnings also suggest that profit-taking sales from the short-term rebound and technical resistance lines may constrain further increases until then.
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