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Bitcoin (BTC) is attempting to break out of its recent downtrend, bolstered by the Federal Reserve’s slightly dovish stance and President Donald Trump signaling a more targeted approach to tariffs, according to Matrixport’s latest daily chart analysis.
Matrixport: Bitcoin Tries to Break Downtrend Amid Fed’s Dovish Tone, Trump’s Trade Policy Change
Compared to previous weeks, these factors have created a more constructive market environment and potentially set the stage for a stronger recovery in crypto markets.
End-of-Quarter Selling Pressure Easing
Matrixport analysts also noted that end-of-quarter selling pressure from arbitrage funds may be abating:
- Low funding rates reduce incentives for aggressive selling.
- Most of the recent sales appear to be nearing completion.
According to the report, although current catalysts are not strong enough to propel Bitcoin to new all-time highs, the overall market outlook has improved significantly.
As of press time, Bitcoin continues to trade above key support levels as investors monitor macroeconomic developments and policy changes that could influence the next move in the market.
*This is not investment advice.
