The crypto participants are afraid that the trade war of the United States and China will present new “surprises” in the near future, and the descending trend of the main cryptocurrencies may resume, the QCP Capital said.

According to experts, in the short term, the bitcoin exchange rate will be in a narrow price range of $ 80,000-90,000. However, while the perception of the first cryptocurrency among investors as a risk hedging tool remains at a high level.

“Washington seeks to get levers of influence, and Beijing – a respite. However, both states cannot afford to show weakness. At the same time, the United States is negotiating not only with China, but also with bond markets, ”analysts write.

The QCP Capital was called to be careful in assessments of the situation, even despite the fact that Bitcoin overcame the downward trend. According to experts, the ongoing trade war increases the risk of increasing inflation and slowing down the American economy.

The current sustainability of the first cryptocurrency may be a temporary trend, since in the case of strengthening the trade confrontation between the United States and China, the asset will again return to the list of risk financial products. In this case, investors will seek salvation in gold, experts say.

Earlier, KAIKO analysts said that the Bitcoin DERIVATIV market demonstrates weak dynamics after the outbreak of the trade war between the United States and China, and the investors grow pessimism regarding positive changes in the near future.