#Bitcoin fell below $108,000 heading into the May 25 weekly close, pressured by market volatility following Trump’s announcement of 50% tariffs on EU goods. The resulting uncertainty halted BTC’s price discovery near its recent all-time high of $112,000 and triggered fresh downside expectations.

Traders remain largely calm, noting that price could retest lower levels like $93,500 and still stay within a broader bullish trend. Analysts point to confluence with the macro trend line and key moving averages as support. A CME gap at $107,230 has also become a short-term price target.

Notably, Hyperliquid trader James Wynn, who previously held a massive $1.25 billion $BTC long, flipped his position to a $110 million short after losses tied to market instability. While the market corrects, sentiment among analysts suggests that Bitcoin’s long-term uptrend remains intact, even amid short-term volatility.