Bitcoin At Crossroads After Trump Tariff Shock: Breakdown Towards $106K Or New ATH?

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Bitcoin At Crossroads After Trump Tariff Shock: Breakdown Towards $106K Or New ATH? - NewsBTC

Quick Summary:

The unexpected macroeconomic move sent shockwaves through assets, and Bitcoin was no exception, dropping aggressively from all-time highs near $111,800 to lows around $107,500 in a matter of hours. Related Reading: Investors Pour $2.75 Billion Into Bitcoin ETFs As Price Skyrockets Although there was a brief recovery towards $109,000, the ensuing price action now shows an intense battle between the bulls and bears, with technical analysis on the 1-hour candlestick timeframe showing the two ways Bitcoin can play out this week.

Chart Image From TradingView Bullish And Bearish Scenarios For Bitcoin Interestingly, since the analysis, the ensuing price action has been marked by Bitcoin’s failure to reclaim the upper FVG and more of a consolidation around the lower FVG at $107,500.

Bitcoin’s next impulsive move will likely come with volume confirmation, either with a bullish displacement above resistance or a bearish rejection that pushes the Bitcoin price toward a lower demand target.