Market Reaction and Investor Concerns
The price of Bitcoin (BTC) has experienced a further decline today, with the drop accelerating after it lost the crucial $94,000 support level. Investors who have already seen losses exceeding 5% in altcoins are now keenly observing the market to understand the next phase of price movements.
Analysis from "Crypto Oracle" Roman Trading
Yesterday, Roman Trading, a figure in the crypto community known for his predictive accuracy, had issued a warning to investors. Roman Trading has earned the nickname "crypto oracle" due to his consistent and accurate predictions of several major market movements over the past 5 to 6 months. While acknowledging that no analyst can predict the future with certainty and that mistakes can occur, it is notable how different analysts gain prominence for their forecasts. These figures are sometimes humorously referred to as "crypto oracles." Similar to how PlanB gained attention in 2021 and Capo in 2022, Roman Trading is currently experiencing a period of recognition, despite not possessing any supernatural foresight.
However, it is important to recall that PlanB faced significant criticism in 2022, and Capo in 2023, becoming somewhat of a "laughingstock" within the crypto community for their inability to adapt to evolving market trends. The question remains whether Roman Trading will face a similar fate by 2026. For the present moment, his bearish forecasts are proving to be accurate.
In his assessment shared yesterday, the analyst presented the following chart:
“Volume proves to be an indicator of high prediction percentage. In this chart, price movements are entirely bearish, and the previous support level is being perfectly retested as a new resistance level at low volume.
Again, this is a sign of a strong downtrend, not the start of a bull market.”
Just hours after this analysis, Roman Trading's prediction was validated as Bitcoin's price fell to a low of $90,693.
Impact of Supreme Court Tariff Decision
The current market downturn is reportedly linked to escalating tensions with the European Union and the anticipated announcement of the Supreme Court's tariff decision. This decision, originally scheduled, was postponed for two weeks. The White House had previously stated in December that a final decision would be made in January. If this timeline holds true, the Supreme Court is expected to announce its tariff decision today at 6:00 PM.
Should the tariffs be canceled, particularly amidst heightened tensions with the EU, the resulting uncertainty could trigger a significant surge in the prices of gold and silver. Bitcoin, often viewed as a risk-on asset, could experience a sharp decline, potentially falling as low as $85,000, if an unfavorable decision for Trump leads to increased fear and panic in the market. The critical support level for BTC is identified at $81,000.