Nansen Predicts Crypto Market Bottom by June

The cryptocurrency market may reach a local bottom within the next two months amid global uncertainty over ongoing trade tariff negotiations. This is reported by Cointelegraph, citing a Nansen report.

On April 2, U.S. President Donald Trump plans to unveil details of a comprehensive “reciprocal tariffs” package.

Traders fear that U.S. retaliatory tariffs could trigger a chain reaction, potentially escalating into a global trade war.

“Nansen’s data estimates a 70% probability that cryptocurrency prices will bottom out between now and June,” stated the company’s chief analyst, Aurelie Barter.

Considering that Bitcoin and Ethereum are currently trading 15% and 22% below their annual highs, the outcomes of the negotiations will serve as crucial market indicators, she added.

“Once the most challenging part of the discussions is over, we will see a more favorable opportunity for cryptocurrencies and risk assets to finally reach a bottom,” Barter believes.

Nansen experts noted that major U.S. stock indices and the price of Bitcoin have failed to rise significantly above their 200-day moving averages. Meanwhile, metrics over shorter time frames are declining.

“The fragile market psychology underscores the need for ‘good news,’ primarily concerning U.S. economic growth and tariffs,” they wrote in the report.

Among the most anticipated events this week, experts pointed to the release of wage data and a speech by Federal Reserve Chairman Jerome Powell.

Nexo’s newsletter editor Stella Zlatareva confirmed the investors’ wait-and-see stance. However, the cryptocurrency fear and greed index (44 at the time of writing) indicates a slight improvement in sentiment, she added.

“Bitcoin continues to consolidate in the $82,000–$85,000 range after a period of directional recalibration in the first quarter. The asset is moving in this zone with key support at $82,000 and potential growth to $86,500 and $90,000 if overall sentiment stabilizes,” concluded Zlatareva.

Earlier, MN Trading founder Michaël van de Poppe suggested that the leading cryptocurrency might retest the $76,600 low before resuming its upward trajectory.