Analyst: Bitcoin may fall back to $75,000 due to EU retaliatory tariffs

Odaily News The latest retaliatory tariffs from the European Union have heightened macroeconomic uncertainty, prompting cryptocurrency analysts to predict increased Bitcoin price volatility, potentially breaking below the key $75,000 support level. The European Commission announced on March 12 that the European Union will impose counter-tariffs on €26 billion ($28 billion) worth of U.S. goods from April in response to U.S. President Donald Trump’s recent move to impose a 25% tariff on steel and aluminum imports.
Marcin Kazmierczak, co-founder and COO of RedStone, said: “The retaliatory tariffs are not a positive sign as it suggests that there could be another rally on the other side, which could see Bitcoin fall to $75,000, although given that stablecoins and RWAs [real world assets] are still at all-time highs, there is also the possibility that the crypto market could rebound.” (Cointelegraph)