The price of Bitcoin experienced a harsh decline after US President Donald Trump announced the new import tariffs. While investors exit risky assets, the price of BTC fell below 95 thousand dollars. So, what factors are behind this decline and what are the critical levels for Bitcoin?
Trump’s new tariffs shook markets
US President Donald Trump announced that additional taxes will be imposed on goods imported from Canada, Mexico and China. This decision increased concerns about the global trade war, led to harsh fluctuations in the markets.
Crypto currencies also received their share of this uncertainty. Investors who escaped from the risk turned out to safe ports by exiting volatility assets such as Bitcoin. As a result, BTC declined to 91 thousand 530 dollars and experienced a decrease of 9.7 percent.
Leveraged position liquidations accelerated the decline
The decline in the market accelerated due to leveraged transactions. In the last 24 hours, the Bitcoin position of $ 465 million has been liquid.
- Longed Long Positions: 389 million dollars
- Liquidized Short Positions: 75 million dollars
In this process, investors waiting for rise closed their positions to stop their damages. As a result, a chained liquidation wave occurred and caused Bitcoin to fall further.
What are the critical support levels for Bitcoin?
The price of Bitcoin is currently testing a 100 -day simple moving average (SMA) $ 93,899.
- If BTC can maintain this levelIt may be possible to re -test the 50 -day SMA, a 99 thousand dollars, recovering the price in the short term.
- But if this support breaksThe level of $ 90 thousand stands out as the next important support point.
According to technical indicators, the relative power index (RSI) decreased to 38 levels. This shows that Bitcoin is approaching the over -selling zone and the possibility of a potential recovery is increased.
The wavy course can continue in Bitcoin
According to the famous crypto analyst Daan Crypto Trades, Bitcoin can fluctuate in a wide range of prices in the coming days.
- If the level of 90 thousand dollars is protected as support, BTC may be able to exceed $ 100,000 again.
- But if the level of 90 thousand dollars is brokenInvestors should be prepared to a deeper correction.
Currently, the uncertainty in the markets continues, while investors should closely follow technical levels. Bitcoin’s future aspect will depend on global economic developments and how markets will react to Trump’s tariffs.
