Bitcoin wants to go up, but Trump’s tariffs aren’t helping: Will the admin TACO again?
Escalating tensions between the US and China, Trump digging in on tariffs and Bitcoin traders avoiding long leverage could push BTC price to new lows.
Key takeaways:
Deteriorating US-China relations, US President Donald Trump’s recent tariff expansion and traders avoiding long leverage are adding pressure to Bitcoin’s downside.
Bitcoin could drop below $100,000, but analysts are hopeful that next week’s macroeconomic events will reverse the downtrend.