Should We Buy the Dip in Bitcoin (BTC)? Or Is the Bull Over Before It Started? Expert Name Explained!
US-China Tariff War: The US plans to impose a 104% tax on Chinese goods starting April 9, 2025, while China retaliates with an 84% tariff on US imports from April 10, 2025, causing instability in the cryptocurrency market, particularly Bitcoin.
Investment Advice on Bitcoin: Glen Goodman advises against buying Bitcoin during sharp price declines, likening it to "catching a falling knife," and suggests waiting for market stabilization before making any investment decisions.
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Technical Analysis for TRUMP
Technical Sentiment Analysis for OFFICIAL TRUMP (TRUMP) As of , OFFICIAL TRUMP (TRUMP) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 5 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUMP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUMP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
OFFICIAL TRUMP (TRUMP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 1.547 | 2.284 | 3.047 | 3.783 | 4.547 | 5.283 | 6.047 |
| Fibonacci | 2.284 | 2.857 | 3.21 | 3.783 | 4.356 | 4.71 | 5.283 |
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