#bitcoin dropped below $93,000 after the US GDP data revealed a 0.3% contraction in Q1, sparking recession concerns. The drop was attributed to Trump’s trade war, particularly a surge in imports. Despite an initial sell-off to $92,910, $BTC rebounded to around $94,000, supported by strong demand and market fundamentals. Analysts see the decline as transitory, with technical indicators showing strong resistance at $95,000. Over the past two weeks, positive factors such as ETF inflows and institutional purchases have bolstered Bitcoin’s outlook. The overall demand and market structure are expected to drive Bitcoin’s recovery.