Cryptocurrency analyst Joao Wedson made important statements about Bitcoin's current price movements and global economic dynamics. According to Wedson, BTC is currently struggling to stay above its Short-Term Trader (STH) Realized Price of $109,200. The analyst stated that the course below this critical threshold creates negative social sentiment in the market and causes the selling pressure to continue, saying: “As long as Bitcoin doesn't stay above $109,200, selling pressure and negative social sentiment will persist. Staying above this level could create a relatively more positive outlook for traders. However, the best strategy right now seems to be to observe.” Related News: ETF Expert Analyst Says, “Don't Underestimate XRP and Solana ETF Approvals,” Shares What He Expects Wedson also offered a compelling perspective not only on the crypto market but also on global economic balances. Referring to historical cycles, the analyst argued that countries like Brazil will gain greater importance over the next 40 years: This isn't just true for Brazil; it's true for many countries. Looking back at human history, great civilizations like the Persians, Egyptians, Greeks, and Romans eventually collapsed, and new powers rose. In the industrial era, the UK and the US were at the forefront, but today, China's manufacturing capacity and integrated supply chains offer a significant advantage. *This is not investment advice. Continue Reading: Experienced Expert Shares Key Level for Bitcoin Price: “As Long as It Stays Below This Level, Bears Will Dominate the Market”
