Bitcoin Price Prediction Amidst Tariff Tensions
The crypto market is experiencing a sharp decline due to renewed trade tensions between the US and China, triggering a $19B liquidation. Bitcoin has dropped 8.1% in the past 24 hours, with other top assets like Ethereum and Solana also falling.
Investors are becoming cautious as macroeconomic shocks influence short-term market behavior. Bitcoin's daily chart shows a break below the ascending channel that supported its uptrend, signaling weakening technical strength.
The current Bitcoin market price is $111,871, near a critical mid-range support level. The Parabolic SAR dots have flipped above the price candles, confirming a shift in short-term control toward sellers.
Bitcoin leads the decline, dropping 8.1% in the past 24 hours.
- Bitcoin's price has dropped 8.1% in 24 hours.
- Ethereum and Solana are also experiencing declines.
- The current Bitcoin price is $111,871.
Author's summary: Bitcoin price drops amid trade tensions.