Bitcoin is approaching the Golden History Summit, while the United States follows a wavy course with the impact of new customs duties and macroeconomic data on the markets. Analysts predict that Bitcoin can soon exceed $ 90,000.

Why does Bitcoin and gold move in the opposite direction?

As of March 27, Bitcoin continued to be influenced by complex market conditions. The increase in trade taxes in the US and the exceeding expectations of economic data put pressure on risky assets. As we have transferred as Kriptokoin.com, taxes threaten the trade relations of the US with Europe and Canada.

The new trade taxes that will bring additional taxes to cars produced outside the US and the new trade taxes that will enter into force at the beginning of April increased concerns in the markets. Despite this, gold continued to gain value by highlighting as a safe port.

Gold reached a level of 3 thousand 59 dollars during the day and broke the highest price record of all time. Adding $ 7 trillion to the market value in the last year, Gold has brought its total market size closer to $ 21 trillion.

BTC investors are waiting for the target of $ 91

Despite fluctuations in the price of Bitcoin, analysts remain optimism. Recognized analyst Titan of Crypto claimed that Bitcoin could rise up to $ 91,000, that this movement is part of the “Taurus Flag” formation.

Mikybull Crypto, another analyst, predicts that Bitcoin can reach $ 112,000. Stating that the market has undergone a structural transformation, analysts say Bitcoin can enter a strong rise trend in the long term.

In the coming weeks, the US Federal Reserve’s interest policies and trade taxes on the markets will play a critical role in determining the direction of Bitcoin. However, while the uncertainty continues in crypto money markets, investors should be careful.