Tariff Truce : What Impact on Bitcoin ?
The recent announcement of a tariff truce by the Trump administration, aiming to ease global economic tensions, had sparked hope for stabilization in financial markets, including the cryptocurrency market.
However, despite this measure, Bitcoin (BTC) continued its slide, losing nearly 3.5% in the last 24 hours to trade around $81,159 at the time of writing, according to CoinGecko data. This drop comes as global stock indices, such as the S&P 500 and the Nikkei 225, are experiencing significant losses, reigniting fears of a widespread crash.
This macroeconomic context weighs heavily on investor sentiment, even in the crypto ecosystem often seen as a haven amid traditional turmoil. Bitcoin’s trading volumes remain high, indicating increased nervousness, but massive liquidations on derivative platforms show that many traders are taking bearish positions. According to CoinGlass, over $120 million of long positions were liquidated in 24 hours, a clear sign of selling pressure.
Despite this apparent pessimism, some observers note interesting movements by whales, these large Bitcoin holders. On-chain data reveals a discreet accumulation at these price levels, suggesting that some players view this drop as a buying opportunity. It remains to be seen if this behavior can reverse the trend in the short term.
Bitcoin Technical Analysis : Rebound or Deeper Fall ?
Technically, Bitcoin is showing signs of concerning weakness. The price is currently trading below the 50-day moving average, an indicator often seen as a critical threshold by analysts.
The next major support is around $77,000. If this level breaks, a drop towards $73,000 to $70,000 could be considered, reigniting fears of an extended bear market.
The Relative Strength Index (RSI) of BTC, currently at 42 on the daily chart, indicates that the cryptocurrency is not yet in oversold territory, potentially leaving room for additional correction. However, a rebound could materialize if buyers aggressively defend the $74,000 support, especially in a scenario where Bitcoin’s long-term fundamentals, such as increasing institutional adoption, remain strong.
In addition, macroeconomic uncertainty persists. The resumption of the stock market crash, coupled with still concerning inflation data in the United States, could maintain downward pressure on risk assets, including Bitcoin and altcoins. Yet, some investors are betting on a gradual disconnect between traditional and crypto markets, arguing that BTC could once again become a “safe haven” if monetary policies tighten further.
Under Pressure Market : What Comes Next ?
Altcoins are not spared by this wave of pessimism. Ethereum (ETH), for instance, dipped to $1473, while tokens like Solana (SOL) and Cardano (ADA) show losses exceeding 5% in 24 hours.
However, they all followed Bitcoin’s recent rebound above $81,000. They are all approaching their resistance levels, and the next few days will be crucial to determine the crypto market trend. A breakout above $83,800 for Bitcoin would likely lead to at least $85,000. Subsequently, a breach of $89,000 would probably trigger a small rally towards $100,000.
Moreover, Bitcoin ETFs have seen 7 consecutive days of outflows. Bitcoin ETFs have experienced $876 million in outflows over the last 7 days.
As the crypto market navigates through turbulence, the question remains: will the tariff truce and efforts to stabilize the global economy be enough to restore confidence among investors? Or are we witnessing a deeper repositioning, where even Bitcoin, often seen as a digital safe haven, must prove its resilience against macroeconomic headwinds?
What strategy to adopt amidst this increased volatility? The answers may unfold in the coming days, as eyes remain focused on key technical levels and major economic announcements.
