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BiyaPay Analyst: Trump Propels Late-August "Puzi Summit" Tripartite Talks, Geopolitical News Pressure, Bitcoin Support Seen at $112,000
BlockBeats News, August 19th, during a White House meeting, U.S. President Trump stated that he had reached a preliminary consensus with European leaders on Ukraine's security guarantee and later had a phone call with Russian President Putin after the meeting. Trump revealed that he is actively arranging a direct meeting between Putin and Ukrainian President Zelensky, scheduled to take place before the end of August. Following this meeting, a trilateral talk including Trump himself will be promoted. U.S. Vice President Pence, Secretary of State Pompeo, and Special Envoy Volker are currently coordinating closely with both Russia and Ukraine.
BiyaPay analysts believe that this round of diplomatic actions has sent a strong signal of relaxation, which may affect the global capital market's risk appetite and thereby impact the price trend of Bitcoin. After the news release, the price of Bitcoin briefly fell to $114,400 but quickly rebounded above $115,000. However, the overall trend remains weak. Analysts point out a bearish view on Bitcoin in the medium to long term, with the first downside target at $98,000, and $112,000 being a key short-term support level.
On August 19th, the market displayed a small-scale downward trend in Bitcoin, indicating that the market has not yet escaped the dominance of risk aversion sentiment. If the "Putin-Zelensky Meeting" is successfully held and yields positive results, it may help ease geopolitical tensions and drive a rebound in the crypto market.
Analysts remind investors to closely monitor subsequent political developments and price key support levels and to manage their positions effectively. The BiyaPay multi-asset trading wallet will continue to provide you with one-stop services such as global remittance, cryptocurrency trading, and U.S. and Hong Kong stock investments, helping you seize opportunities in volatile markets.
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