The current decline of Bitcoin is related to uncertainty surrounding Donald Trump's statements about possible tariffs on imports from the EU.
In fact, it's the same reason that the market has been storming back and forth for the past few months)
Additionally, pressure is coming from his legal proceedings involving the U.S. Supreme Court. All of this clearly impacts the crypto market at the moment, even despite the huge amount of positive news.
Once again, it liquidated hundreds of millions of dollars in a day 🤝
From a technical perspective, the nearest key support zone is in the range of $95,000 to $96,000.
This area coincides with several levels at once👇
— lower boundary of the short-term buy indicator;
— trend line;
— support level from which pullbacks previously occurred.
If we do go lower, there is a very high probability of a strong bounce from this zone. Only then will we go further to update the ATH.
