New Trump's Customs Customs Threats Shake Markets: Bitcoin is trying to hold $ 95,000

US President Donald Trump announced a plan for a re -trade wars with mutually stored customs tariffs. This step focused on country, such as India, Brazil and Vietnam, brings the risk of increasing the uncertainty in the global economy and creating a new wave of volatility on the bitcoin market.
Trump announced that the US would respond to countries that apply high tariffs to US imports. This decision, which is expected to directly affect developing countries, causes tensions in global trade relations.
Especially in business negotiations with India, some tax reduction is expected, while uncertainty continues in business relations with China and Mexico. Economists point out that new tariffs could increase import prices in the US and strengthen inflation pressures.
In Trump's contribution to Truth Social, he stressed: “We had three great weeks, maybe the best, but the real big day is today: tariffs !!! Make America again great !!! '
The effects of bitcoin on the market
Bitcoins, albeit a safe port in times of economic uncertainty, responded sharply to Trump's tariff announcement. During the previous customs tariffs announced in February, BTC dropped from $ 102,000 to $ 91,000, but the next day increased to $ 98,000.
BTC is currently traded with $ 95,862 and has lost 2.20%in the last 24 hours.
The daily highest level was $ 98.083 and the lowest level was $ 95.336.
The relative force index (RSI) is at 42.43 and below 50 neutral level. This suggests that the bears have taken over the market control.
The MacD indicator also gives a negative signal and bitcoins are traded below 20 days of exponential gliding average of $ 98,406 (EMA).
Is there a new Bitcoin sales pressure?
Trump's business policy could be caused by significant fluctuations in Bitcoins and cryptocurrency markets. Similar statements in the past led to a sharp decline in bitcoins prices followed by rapid pulling.
In the coming days, an increase in global uncertainty and inflation risks in the US could be decisive for the direction of bitcoins. Since the level of $ 93,400 appears as critical support, the possibility of BTC a strong rally should not be overlooked.
#TRUMP #G #BTC #KAR