Date: 2025-04-02
Bitcoin (BTC) is up 16% from the four-month low of $76,600 to reach $88,700 on March 24. The price has since hovered around $85,000 on April 2. The latest rejection from the $85,500 resistance level raises questions about whether BTC price could drop further over the next few days.BTC/USD daily chart. Source: Cointelegraph/TradingViewTrump’s tariffs could drive Bitcoin prices lower?April 2 marks what US President Donald Trump dubbed “Liberation Day,” unveiling sweeping reciprocal tariffs targeting imports from numerous countries. Market participants are concerned this might trigger another sell-off in cryptocurrencies, pushing prices lower.Key takeaways:The proposed tariffs include a 25% levy on auto imports and broad duties on goods from n...
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