$BTC hovers around $79,000 on Tuesday when writing. It could decline toward $71,000 in the upcoming weeks.

The reasons are as follows:

  • Rising tariff war and uncertanity, which trump potentially increasing China tariff to 108%.

  • $MSTR faces loss in Q1, could sell some of their holding in BTC.

  • Other corporates selling their BTC.

  • Falling ETFs demand form instituted for BTC spot ETF.

  • No further clarity on the Bitcoin Strategic Reserve (BSR) and regulation support from cryptos.

  • No interest rate cut in US by the Fed, rising stagflation on US markets.

  • US, Asian and global markets continue to fall, BTC mirroring traditional markets.

BTC/USDT Binance chart