As of February 6, 2025, Bitcoin (BTC) is trading at approximately $99,054, reflecting an increase of 1.29% from the previous close. The day's trading range has seen a high of $99,106 and a low of $96,148.

Recent market movements have been influenced by geopolitical events, notably the announcement of new tariffs by President Trump on imports from Canada, Mexico, and China. These developments have introduced volatility, with Bitcoin experiencing a 15% decline earlier this week, touching lows around $92,500.

Analysts are closely monitoring key support levels, particularly around $92,000. A breach below this threshold could potentially lead to further declines, with some projections suggesting a dip towards $80,000.

Looking ahead, forecasts for Bitcoin's performance in 2025 vary. Some analyses predict an average trading price around $96,455, with potential highs reaching $114,857. However, these projections are subject to change based on market dynamics and external factors.

Investors are advised to stay informed about global economic developments and to exercise caution, given the inherent volatility of the cryptocurrency market.

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