Trump's new tariff threat has shaken the market: BTC is trying to maintain stability around $95,000

U.S. President Donald Trump announced plans to reignite the trade war by introducing reciprocal tariffs. This move targets countries such as India, Brazil, and Vietnam, which could exacerbate global economic uncertainty and trigger a new round of volatility in the Bitcoin market.
Trump announced that he will take equivalent measures against countries that impose high tariffs on imports to the United States. This decision is expected to directly affect developing countries and may trigger tension in global trade relations.
Especially in trade negotiations with India, some tariffs are expected to be lowered, while trade relations with China and Mexico still remain uncertain. Economists point out that new tariffs may increase the prices of imported products in the United States and exacerbate inflationary pressures.
Trump said in a post on Truth Social: "We have had three wonderful weeks, maybe the best, but the truly great day is today: reciprocal tariffs! Let America be great again!" These words have attracted attention.
Bitcoin and the impact on the market
Bitcoin is considered a safe haven during economic uncertainty, but in the past, it reacted strongly to Trump's tariff statements. Before the announcement of tariffs in February, BTC dropped from $102,000 to $91,000, but quickly rose to $98,000 the next day.
Currently BTC is trading at $95,862, down 2.20% in the past 24 hours.
The highest price is $98.083, and the lowest price is $95.336.
The relative strength index (RSI) is currently 42.43, below the neutral level of 50. This indicates that the bear market is controlling the market.
The MACD indicator has also issued a negative signal, and BTC trading is below the 20-day exponential moving average at $98.406. (EMA)
Will BTC face a new round of selling pressure?
People believe that Trump's trade policy may cause significant fluctuations in the BTC and cryptocurrency markets. Similar remarks have previously led to a sharp decline in the BTC price, followed by a rapid rebound.
The recent global market uncertainty and US inflation risks may have a decisive impact on the trend of BTC. The possibility of a strong rebound for BTC after the pullback should not be overlooked, along with the key support level of $93,400. #Gate.io Has Officially Partnered with Oracle Red Bull Racing #$LAYER Launchpool Airdrop is Live #AI Rebound: Which Tokens to Watch?