Analysis Company Announced: Bitcoin (BTC) and Altcoins May Recover But Are Tied Up to These Three Main Events!

Bitcoin and altcoins have further increased their losses due to the wave of sales triggered by the tariff war escalated by U.S. President Donald Trump.

Bitcoin (BTC )and Ethereum (ETH) have reached levels not seen for a long time, while investors' losses have also increased.

While the CEO of CryptoQuant indicates that the bull market in Bitcoin has ended, investors who are anxiously waiting are wondering whether the decline will continue.

At this point, Peter Chung, Head of Presto Research, stated that amidst the growing cautious attitude regarding the speed and scope of the customs duties announced by Trump on April 2, risky assets, including Bitcoin, operate under the 'Sell Now, Think Later' mindset.

Chung stated that Bitcoin and altcoins could recover, but the timing and the levels at which they will hold depend on three main factors, which are listed as follows:

"The timing of the recovery and how it will happen will depend on how the rest of the world reacts to Trump's tariffs, whether the Trump administration can present a consistent long-term plan for the future, and what people expect the FED to do to address the current instability."

Growth Scare is in full swing and markets are pricing in more than 100 basis points of rate cuts this year."