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Opinion: If tariff concerns escalate, Bitcoin's key support level will move down to $71,000
2025-02-26 11:35:33

Odaily News Concerns about tariffs, inflation and high interest rates have hit the cryptocurrency market this year. At the same time, doubts about the United States' dominance in artificial intelligence have exacerbated the market's risk aversion, prompting investors to turn to safer assets. Nic Puckrin, founder of The Coin Bureau, said: "If concerns about tariffs continue to escalate, Bitcoin may fall further in the short term. The key support level will move down to $71,000. But if there is positive macro news, such as the cancellation of tariffs on Mexico and Canada, Bitcoin prices may rebound. Although this situation is unlikely, Trump may still change his position." (thecryptobasic)