#BTCBelow80K 🌐✍️🔊📰Bitcoin's price action today is likely driven by a combination of factors:
Economic concerns surrounding Trump's potential tariffs.
The announcement of new tariffs has triggered a risk-off trend in markets, which has weighed on both stocks and digital currencies. Investors are concerned about the potential escalation of trade conflicts and their impact on the global economy.
Technical indicators pointing to a bearish trend. Bitcoin has broken through an important support zone in the $79,000-$80,000 range, which it has held for the past month.
The next significant support level is located near $72,000. In addition, a "dead cross" (the 50-day moving average crossing below the 200-day moving average) has formed on the chart, which is traditionally seen as a bearish signal.
Massive liquidation of credit positions. A significant amount of long positions in Bitcoin worth about $250 million were forced to be closed over the past 24 hours, which is the largest amount since March 7. This indicates strong selling pressure in the market.
Overall negative dynamics in the crypto market. The fall of Bitcoin has led to a decrease in the value of other leading cryptocurrencies such as Ethereum, XRP, Solana and Dogecoin, with some of them experiencing even greater percentage losses. The total capitalization of the cryptocurrency market has also decreased significantly.
Therefore, the current decline in Bitcoin is likely the result of a combination of macroeconomic concerns, adverse technical signals and a chain reaction of liquidations in the market. Investors are advised to closely monitor key support leve,ls and further news on tariff policy and the general economic situation.$BTC #Bitcoin❗ #bitcoin #BTC #BTCBelow80K