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The ‘Liberation Day’ tariff announcements could drive Bitcoin below $80K.
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Global recognition and limited supply support Bitcoin’s long-term outlook.
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Key technical levels: $94K resistance for growth; $70K support to avoid downturn.
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Bitcoin’s price has been steady at around $80,000 per coin for over two weeks after a period of fluctuating declines. However, this stability might end today because it’s “Liberation Day,” when Donald Trump plans to reveal details about the current tariff policy.
If things don’t go well for the markets, Bitcoin, known for being a risky investment, could fall towards $74,000. The situation isn’t helped by the U.S. government not actively supporting digital currencies recently, despite talking about their importance during the election campaign.
Even though Bitcoin lost over 10% in value last quarter, and it might drop further, it looks likely to rebound in the long run. Bitcoin has firmly established itself in global finance, and it’s becoming less likely that it will face major restrictions or be banned. Instead, more countries are creating favorable laws for its growth and recognizing it as a legitimate form of payment.
It’s also important to note that Bitcoin’s supply is limited because it can’t be “printed,” and future halvings will reduce its availability even more. The U.S. government is likely to continue supporting the growth of the digital currency industry despite a temporary slowdown. Additionally, the Federal Reserve plans to keep lowering interest rates in the coming quarters, which usually benefits riskier investments unless a severe recession occurs.
While tariffs don’t directly affect the digital currency market, the financial world is interconnected, so investors will pay attention to these developments. It would be better for optimistic investors if the situation became clearer, reducing uncertainty and avoiding an intense tariff war. However, if Donald Trump announces the most extreme tariff measures, it’s likely that Bitcoin could fall below the $80,000 mark.
In the current downward trend, any brief increases in Bitcoin’s price are being stopped by the trend line. Sellers still have the opportunity to push prices lower, aiming for the key support level of around $74,000 per coin.
