Bitcoin’s Fake Breakout Leads to Decline—Testing Key Support Amid Tariff Concerns
Bitcoin $BTC is down 0.76%, currently trading at $81,893, after a failed breakout and sharp pullback. The false rally trapped buyers, leading to significant losses as selling pressure intensifies, confirmed by high trading volume.
Market sentiment remains shaky as Trump’s tariff announcements drive investors away from risky assets. $BTC is now testing critical support at $81,500—breaking below this level could trigger a further drop toward the next support zone.
With ongoing uncertainty, traders should stay cautious and closely watch key price levels. The next few hours will be pivotal in determining Bitcoin’s short-term direction.