Bitcoin Price Prediction Amidst Trade Tensions
The crypto market is experiencing a decline due to deteriorating global risk sentiment, triggered by renewed trade tensions between the US and China. Bitcoin has dropped 8.1% in the past 24 hours, with other top assets like Ethereum and Solana also falling.
Investors are becoming cautious as macroeconomic shocks influence short-term market behavior and shape the broader BTC price narrative. The daily chart shows a break below the ascending channel that supported Bitcoin's uptrend, signaling weakening technical strength and intensifying selling pressure.
The current Bitcoin market price is $111,871, near a critical mid-range support level. The Parabolic SAR dots have flipped above the price candles, confirming a shift in short-term control toward sellers.
Bitcoin leads the decline, dropping 8.1% in the past 24 hours.
- Bitcoin's daily chart reveals a clear incoming break below the ascending channel.
- The move signals weakening technical strength as selling pressure intensifies.
- The current Bitcoin market price trades at $111,871, hovering near a critical mid-range support level.
Author's summary: Bitcoin price drops due to trade tensions.