Bitcoin has broken a three-month downtrend as US market pressures return, indicating a potential shift in market structure. The price movement occurred alongside declining US indices and considerable political uncertainty. Optimism remains due to indicators suggesting potential bullish movements.

Bitcoin (BTC) experienced a significant shift as it broke a three-month downtrend, coinciding with renewed selling pressure from the United States following the Wall Street open on March 26. Despite initially gaining support during the Asia trading session, BTC/USD fell below $87,000 as US trading began, reflecting a lack of momentum similar to major US indices like the S&P 500 and Nasdaq Composite which also declined.

In summary, Bitcoin’s recent price behavior suggests a potential turning point as it exits a prolonged downtrend, coupled with optimistic indicators from the relative strength index and institutional interest from companies like GameStop. However, uncertainties surrounding US trade policies may continue to influence market volatility.

Original Source: cointelegraph.com

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