Analyst says that bitcoin decreases in the wake of tariff wars – but there is no need to panic yet
The global tariff war sparked by US President Donald Trump’s tariff for all countries – as of April 5 – escalates and sends shock waves across global markets. In sharp revenge, China announced a 84 % tariff for American imports, after Washington moved to increase the tariffs on Chinese goods to 104 %.
Bitcoin shows weakness amid the high global definitions
Injecting this increasing economic tension in the traditional and digital asset markets, with Bitcoin (BTC) shows signs of weakness amid increased uncertainty.
Over the past seven days, Bitcoin has decreased by 9.1 %, as it decreased from about $ 8,7100 on April 2 to about $ 76,000 at the time of this report. Weakness is not isolated, as altcoins has been published like Ethereum (ETH), Solana (Sol) and XRP losses of two numbers, which weakens even the leading cryptocurrency.
Meanwhile, the possibility of global recession was Rise To 68 %, its highest level since the Covid-19 pandemic. The main stock markets are also under pressure, as the Dow Jones industrial average has decreased by 9.8 % over the past five days-one of the most severe in the short term in modern memory.
despite Grim The background of the macroeconomic economy, a prominent coding analyst Cryptoogoos that there is no need to panic yet. With the participation of the historic BTC price scheme, the analyst pointed out that “every Thor market sees great corrections”, and that the current decline is not unusual.
In a separate post on X, Cryptogoos also highlighted that encrypted whales – wallets with large BTC property – accumulate at an unprecedented rate. Although this may indicate confidence from the institutional players, it may also indicate possible fluctuations in the future, where adult investors can manipulate prices and lead to “bull traps” to get rid of retailers.
On the other hand, the Master of Crypto analyst gave a more optimistic look. Referring to The upscale difference Forming on the daily BTC scheme, the analyst suggested that Bitcoin could target $ 83,500 in the short term if current support levels are steadfast.
Does BTC go to $ 65,000?
However, not all experts share this enthusiasm. Titan of Crypto warned that BTC is approaching a critical turning point. Participated in the next weekly graph, which displays the Bitcoin test, two levels for a strong-to-one-week-long-week-long moving average support (SMA) near 73,000 dollars, and the rise of the trend line for two years is about $ 65,000.
Despite the short -term conflicting views, the recent Binance Research Report Assure Bitcoin basic power. The report indicated that despite the pressures of confirmation, the monthly closure of BTC in March 2025 Preserve Market structure ascending assets. At the time of this report, BTC is trading at 76,756 dollars, a decrease of 4.1 % over the past 24 hours.
Distinctive image from Unsplash.com, plans from x and tradingview.com
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