Trade agreement leads to a decline in cryptocurrencies.

Cryptocurrency prices declined on Thursday,

due to a trade agreement between the United States and China.

An agreement was reached to restore the truce and ease export restrictions,

which caused cryptocurrencies to experience a wave of decline.

Bitcoin fell to 107,900

after surpassing 110,700, a 1.60% decline.

Ethereum also fell from 2,878

to approximately 2,710, a 0.83% decline.

Dogecoin fell from 0.20638

to 0.18635, a decline of more than 3%.

The market capitalization of cryptocurrencies fell to $2.1 trillion.

From a technical perspective, Bitcoin:

Bitcoin is still moving in a strong general upward trend.

A return and further upward movement are still expected.

The best buying areas currently are the new demand zones,

located at the 104,450 level.

From these areas, a rise is expected to reach targets of 109,002 and 113,000, respectively.

The bullish outlook fails to break the demand zones

 and close below them with a full candle.