Bitcoin depends on $ 93,000 support, and 1.3 billion dollars risk the selection of the trade war

Analysts told Cointelegraph that the World Trade War fears may pressure Bitcoin less than the main support of $ 93,000 in the short term.

Bitcoin price may suffer from an important liquidation event if it decreases under the main support level that would erase more than $ 1.3 billion from long positions.

The price of Bitcoin (BTC) fell to less than 100,000 psychological dollars on February 4, after market morale was exposed to the concerns of the World Trade War, after the new import tariff announced by the United States and China.

BTC/USD, one month scheme. source: Cointelegraph

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