Bitcoin's New Tariff Battle May Take BTC Back to $80,000
Global trade tariff uncertainty is causing Bitcoin to dip, with analysts warning of a potential retest of support levels near $80,000.Summary
Bitcoin experienced losses as the new week began, driven by market uncertainty surrounding new global trade tariffs, particularly between the US and EU over Greenland. Traders anticipate high volatility, with some analysts suggesting BTC could drop back toward range lows around $80,500 as a 'liquidity grab' if key resistance levels like $93,500 are not held. This tariff uncertainty follows a pattern seen in 2025, though analysts like The Kobeissi Letter suggest the long-term outcome of such trade negotiations usually favors risk assets, leading to new record highs after several weeks of volatility. Meanwhile, precious metals like gold and silver are hitting new all-time highs, with some economists confident Bitcoin will eventually follow gold's trajectory. Separately, on-chain data suggests Bitcoin's recent rebound is structurally healthy, driven by recovering spot market buying demand rather than leverage, indicating an early phase of demand recovery despite macroeconomic concerns like pending PCE inflation data.
(Source：Cointelegraph)