Washington, April 9, 2025: Former U.S. President Donald J. Trump has announced a major economic move against China by significantly increasing tariffs. In a public statement, Trump declared that due to China's lack of respect toward global markets, the tariff imposed on Chinese goods by the United States will be raised to 125%, effective immediately.
Trump stated, “At some point, hopefully in the near future, China will realize that the days of ripping off the U.S.A. and other countries are no longer sustainable or acceptable.”
He further mentioned that over 75 countries have contacted U.S. representatives, including the Departments of Commerce, Treasury, and the U.S. Trade Representative (USTR), to negotiate solutions on trade issues, including trade barriers, tariffs, currency manipulation, and non-monetary tariffs.
As a goodwill gesture, and since those countries have not retaliated against the U.S., Trump announced a 90-day pause and a reduction in reciprocal tariffs to 10%, also effective immediately.
Bitcoin (BTC) Performance Overview (as of April 2025):
1. Current Status:
Price: Around $82,363
Recent Change: Down by about 0.48% in the last 24 hours.
High & Low (Intraday): Highest was around $83,677, lowest at $82,219.
After reaching a high of $88,500 at the end of March, BTC faced a slight correction and dropped to around $82k in early April. This volatility is typical for Bitcoin, especially as we approach a halving cycle or macroeconomic uncertainty.
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2. Market Sentiment and Technical Signals:
Death Cross Warning: BTC’s 50-day moving average is close to crossing below the 200-day moving average. This is a bearish technical pattern called a "Death Cross", often indicating a potential for more downside in the short term.
Support & Resistance:
Support levels: $78,000 and $76,000
Resistance levels: $85,000 and $88,500
Volume Trends: Trading volume has seen a moderate decline, indicating consolidation or investor hesitation.
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3. Expert Forecasts for Next 1 Month (April–May 2025):
There are two major schools of thought on where BTC is headed in the next 30 days:
Bearish Outlook: Some analysts believe BTC might fall further due to macroeconomic pressure, including U.S. interest rates, regulatory uncertainty, and weaker demand. Price targets range from $76,000 to $78,000.
Bullish Outlook: Others argue that this is a healthy correction and BTC could rally toward $90,000–$100,000, especially if ETF inflows continue or if major institutional investors step in.
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4. Key Influencing Factors:
Global Economy: Inflation, interest rates, and banking sector stability heavily affect BTC's direction.
U.S. Presidential Election Build-up: Political uncertainty is driving more people to view BTC as a "hedge".
Bitcoin ETFs: Continued success and fund inflows into BTC ETFs are supporting price stability.
Upcoming Halving (2025): The halving cycle tends to influence bullish trends historically, but not immediately.
Regulatory Environment: News around crypto regulations, particularly in the U.S. and EU, could push the market either way.
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5. Conclusion – Where is BTC Likely Headed?
While no one can predict the future precisely, the most realistic short-term scenario (next 30 days) includes high volatility with BTC possibly trading between $76K and $90K. A breakout above $90K could trigger a bull run to $100K, while falling below $76K might lead to a broader correction.#BTCvsMarkets #NextCryptoETFs? #BtC #BTCupdown #