Bitcoin Expected to Recover in the Medium Term

Bitcoin has fallen sharply in recent days

After renewed trade tensions between China and the United States,

new tariffs were imposed on imports from China,

up to 100%, according to President Donald Trump.

Despite this, the currency has begun to rebound 

from the current demand areas

located at the 110,400 level, as shown on the chart

and has risen, forming a strong engulfing candle pattern

indicating a potential return of buyer control in the near and medium term.

If the rise continues, we are expected to see the currency target

the 118,900 and 124,500 levels, which are considered

 important levels at the moment.

However, if the current demand areas are broken and closed below them,

Bitcoin and cryptocurrencies as a whole may continue to decline.

Therefore, please exercise caution while trading during this period.