The cryptocurrency market could hit its lowest point within the next two months

The cryptocurrency market could hit its lowest point within the next two months, with a 70% chance of this happening before June

The cryptocurrency market could hit its lowest point within the next two months, with a 70% chance of this happening before June, according to Aurelie Barthere, principal research analyst at Nansen.

The timing depends heavily on the outcome of ongoing global tariff negotiations, which are affecting investor sentiment and market direction.

One key factor to watch is the decision by U.S. President Donald Trump to impose reciprocal import tariffs on goods from other countries.

Trump’s administration announced these measures on April 2, aiming to address a $1.2 trillion trade deficit and boost manufacturing in the U.S.

These tariffs are creating uncertainty across financial markets, as experts are watching closely for the impact of this decision.

According to Barthere, the mood of the ongoing trade discussions will play a crucial role in determining when the crypto market finds its bottom.

"We estimate a 70% chance that crypto prices will reach their lowest point between now and June," she stated.

Bitcoin and Ethereum are both currently trading 15% and 22% below their highs for the year, respectively.

Both digital and traditional markets remain relatively flat, and investors are being cautious.

Bitcoin has been consolidating between $82,000 and $85,000, showing limited movement after a period of recalibration during the first quarter.

Traders are looking for a breakout above $84,500, which would signal more positive momentum. Support for Bitcoin is seen at the $82,000 mark, while some analysts are eyeing a potential rise to $86,500 and even $90,000 if sentiment shifts positively.

Despite the market's caution, the Crypto Fear & Greed Index has remained above the “extreme fear” mark for the third consecutive session.

This suggests that, while there is some improvement in sentiment, investors are still hesitant to take on large positions in an uncertain environment.

As a result, many are choosing to adopt a “wait and see” approach, holding off on significant investments until the outlook becomes clearer.

The interconnectedness of traditional markets and cryptocurrencies is evident as both sectors navigate the implications of global economic uncertainty.

Investors are hoping for a resolution to the U.S. tariff talks, which could provide much-needed clarity for the markets.

According to Barthere, once the hardest part of these talks is over, the crypto market could finally see a clearer path to recovery, signaling a potential bottom for cryptocurrencies like Bitcoin and Ethereum.