Bitcoin is holding above $5,200, while the U.S. markets are shaky amid Trump’s threat to impose $11 billion in tariffs on EU goods.
Tuesday, April 9 — As major cryptocurrencies are trading sideways, Bitcoin (BTC) is holding above the $5,200 mark despite a minor decline in price. Meanwhile, traditional markets are down as United States president Donald Trump has threatened to impose $11 billion in duties on European goods.
Market visualization from Coin360
BTC is trading sideways over $5,200 after breaking the $5,300 mark yesterday. Mati Greenspan, senior market analyst at eToro, told Cointelegraph that the world’s top coin is now testing a new resistance line:
“We’re now testing a new resistance line exactly at $5,350 […] And notice we are trading well above the 200-day moving average. This was an indicator we were watching very closely as a kind of sign whether we are in a bull or a bear market.”