Trump's⚖️ New Customs Duty Threats Shake Markets: Bitcoin Trying to Hold at $95,000

US President Donald Trump has announced a plan to reignite trade wars with mutually imposed customs tariffs. This move targeting countries like India, Brazil, and Vietnam carries the risk of increasing uncertainty in the global economy and creating a new wave of volatility in the Bitcoin market.
Trump announced that the US will respond in kind to countries that apply high tariffs to US imports. This decision, expected to directly affect developing countries, is causing tension in global trade relations.
Especially in trade negotiations with India, some reduction in taxes is expected, while uncertainty continues over trade relations with China and Mexico. Economists point out that new tariffs could increase import prices in the US and strengthen inflationary pressures.⚖️
In Trump's post on Truth Social, he highlighted, 'We've had three great weeks, maybe the best, but the real big day is today: TARIFFS!!! MAKE AMERICA GREAT AGAIN!!!'🪴
The Effects of Bitcoin on the Market
Bitcoin, although a safe haven in times of economic uncertainty, has reacted sharply to Trump's tariff announcements in the past. During the previous customs tariff announcements announced in February, BTC fell from $102,000 to $91,000, but quickly rose to $98,000 the next day.
BTC is currently trading at 95,862 dollars and has lost 2.20% in the last 24 hours.
The daily highest level was 98.083 dollars and the lowest level was 95.336 dollars.
Relative Strength Index (RSI) is at 42.43 level and below the 50 neutral level. This indicates that bears have taken control in the market.🪴
The MACD indicator also gives a negative signal, and Bitcoin is trading below the 20-day exponential moving average of 98,406 dollars (EMA).🪴
Is a New Selling Pressure Coming in Bitcoin?⚖️
It is thought that Trump's trade policies could cause significant fluctuations in Bitcoin and cryptocurrency markets. Similar statements in the past have resulted in sharp declines in Bitcoin prices followed by rapid recoveries.🪴
In the coming days, increasing global uncertainty and inflation risks in the US could be decisive for the direction of Bitcoin. With the $93,400 level emerging as a critical support, the possibility of BTC making a strong rally after a pullback should not be overlooked.#Gate.io Has Officially Partnered with Oracle Red Bull Racing #$LAYER Launchpool Airdrop is Live #AI Rebound: Which Tokens to Watch?