$BTC

Cryptocurrency prices were in flux heading into President Donald Trump's "Liberation Day," with retaliatory tariffs set to roll out on broad range of U.S. imports. Bitcoin and digital-asset prices attempted to push higher early Wednesday after climbing on Tuesday. One analyst says it's a 50-50 shot to see a bitcoin rebound, or a further dive.

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"As Liberation Day approaches, the uncertainty around the magnitude of the tariffs is keeping bitcoin and other risk assets in limbo," wrote Nic Puckrin, crypto analyst and founder of The Coin Bureau, an educational crypto outlet.

Puckrin noted that the trading range had tightened up for bitcoin futures on the Chicago Mercantile Exchange, after swinging wide over the weekend. In addition, bitcoin is now trading below its 200-day average, while 24-hour liquidations remain low at under $250 million. That indicates momentum could again be on the downside, according to Puckrin.