Bitcoin Under Pressure Amid Trade Tensions
Bitcoin (BTC) is currently trading at $109,480, moving within a range of $106,300 to $110,350. The price remains above the EMA50, indicating bullish structure is still intact. However, the RSI is neutral, showing a lack of strong momentum.
Due to the recent tariff imposition by former U.S. President Donald Trump on Europe, Bitcoin is experiencing increased sell pressure. If this sentiment continues, BTC may retest the $100,000 support zone in the coming days.
Stay cautious and watch for a confirmed breakout or breakdown.
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