BTC can drop down $70,000
Bitcoin recent decline is largely attributed to macroeconomic uncertainty, particularly the impact of US trade tariffs and fears of a trade war. The Trump administration's tariffs on imported goods from countries like China, Canada, and Mexico have raised concerns about the global economy.
The Trump administration's tariffs on imported goods have increased market volatility, affecting investor confidence.
tensions between the US and other countries have led to concerns about a potential trade war, impacting global economic growth.
Economic instability and uncertainty have driven investors to seek safe-haven assets, influencing Bitcoin's price.
Experts predict potential further downside for Bitcoin, with support levels at $78,300. The current market situation is characterized by!
Current Price: $79,377.81
Open Price: $83,028.44
High Price: $83,817.63
Low Price: $78,694.99
Percent Change: -4.40%
Some analysts believe that the current market situation may lead to more significant price drops. However, others see potential for recovery, citing factors like.
Growing institutional investment and adoption of cryptocurrencies.
Shifts in global economic policies and trade agreements.
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