$BTC

This downturn aligns with recent market reactions to escalating trade tensions, notably the U.S. administration's announcement of a 104% tariff on Chinese goods. The heightened geopolitical uncertainty has contributed to increased volatility in risk assets, including cryptocurrencies.

Analysts are closely monitoring Bitcoin's support levels. A key support level is identified at $73,745; a breach below this could potentially lead to further declines, with projections suggesting a drop to the $55,000–$57,000 range.

Additionally, the current price range between $70,000 and $80,000 is characterized by low liquidity, often referred to as an "air pocket." This thin liquidity zone may result in heightened price volatility as Bitcoin navigates through this range.

Investors are advised to exercise caution and stay informed on market developments, as the interplay between geopolitical events and market dynamics continues to influence Bitcoin's price trajectory.