Bitcoin price at risk of new 5-month low near $71K if tariff war and stock market tumult continues

Bitcoin price mirrors the wild swings seen on US stock markets, leading analysts to predict a final flush down to the $71,000 level.

Bitcoin (BTC) price made a swift move to $78,300 at the April 9 Wall Street open as “herd-like” price action in equities markets continued to spook risk-asset traders.

BTC/USD 1-hour chart. Source: Cointelegraph/TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retargeting five-month lows under $75,000 before rebounding leading into the NY trading session.

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