#MarketPullback Bitcoin (BTC) has experienced a notable pullback, declining from its peak of $109,200 in January 2025 to approximately $84,000. This downturn is largely attributed to President Trump's imposition of higher import tariffs on major economies, which unsettled investors and prompted profit-taking across financial markets. Additionally, panic selling by new investors and institutional withdrawals have intensified the selling pressure. Technical analysis indicates that Bitcoin is currently trading below key moving averages, with resistance levels at $83,338 and $85,046, and support levels at $81,134 and $82,000. Despite the bearish trend, signs of accumulation and a potential short-term recovery are emerging.
