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US Trade War BTC Downside risks will return in July As Bitcoin Analysts wait for liquidation grabs

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Genesis Acquire Over 32000 BTC After Offloading GBTC Shares.webp
Genesis Acquire Over 32000 BTC After Offloading GBTC Shares.webp

The following are key points.

  • Bitcoin’s volatility is low due to US holidays and the Federal Reserve “nothingburger,” Participants in the crypto-market say.

  • Risk assets are now focusing on the US trade war deadlines.

  • BTC is expected to break out of its current narrow price range in the month ahead.

BitcoinBTCThe crypto market slowed down on the 19th of June as an analysis identified important dates in terms of volatility.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

New crypto risks in July and August

Data from Cointelegraph Markets Pro The following are some examples of how to get started: TradingView BTC/USD acted in a tight range, but failed to gain $105,000 support.

The sideways BTC prices are a result of a combination of geopolitical uncertainties, stagnant Federal Reserve policies, and the US Juneteenth Holiday, which closed stock markets in the US.

What is the Fed? opted to hold interest rates steady At its meeting on June 18, trading company QCP Capital highlighted officials’ unwillingness of move quickly.

“Officials reiterated their preference for a ‘wait and see’ approach, pending greater clarity on inflation’s trajectory,” It wrote its latest message to Telegram subscribers.

CME Group Data FedWatch Tool Markets still favor a cut in rates for September.

Fed Target Rate Probabilities for the September FOMC Meeting Source: CME Group

QCP focused its attention on future deadlines for the US trade war, as a likely source of volatility in crypto and risky assets.

“Negotiations remain stagnant, and leaks have become repetitive. Markets may now be less reactive to incremental tariff headlines,” I argued.

Important dates are July 14, the date when EU is expected to implement retaliatory duties on US goods and August 12, the expiration of the tariff suspension on China.

“These upcoming dates could inject episodic downside volatility into risk assets,” QCP has been added. “stable outcome” In China, it was more probable.

Bitcoin ignores FOMC “nothingburger”

Bitcoin traders waited for volatility to be triggered on shorter timeframes.

Related: $112K BTC was not ‘bull market peak’: 5 things to know in Bitcoin this week

Daan Crypto Trades, a popular trader, saw this happening in the second or third half of June.

“Still hanging around the $105K area which is the middle of the monthly range and right at the monthly open,” He told In his latest analysis, he mentions X as a follower. 

“Price has been compressing and it’s clear that the market is waiting for a big move to occur. The statistics still heavily favor a further displacement this week and especially this month.”

BTC/USD 4-hour chart. Source: Daan Crpyto Trades/X

Skew was also among those who were interested in a possible trip for bid liquidity at around $103,000.

Crypto trader, analyst and entrepreneur Michaël van de Poppe meanwhile, described tHe Fed event as a “nothingburger.”

“I suppose we’ll see a test of $106K and breakout north in the coming days,” he predicted On the Day

BTC/USD chart for 4 hours with RSI. Source: Michaël van de Poppe/X

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.