Bitcoin has been following United States stocks in trends like never before. During the election, Trump helped bitcoin to increase but the tariff he is imposing on other countries makes the United States stocks to suffer while bitcoin is part of the assets that was affected.
He started with China, then Canada and Mexico. Bitcoin price fall. He moved to European Union countries and the price continue to fall. The latest he imposed was on imported cars which was two days ago. The market did not react fast but later bitcoin fall again as you can see.
When Trump was elected, it was gold that suffered. It fall from I think $2900 to $2500. My price is not that accurate but the fall was significantly with the price I posted. Later gold start to increase again. It is not moved by the Trump's tarrif because and it continues to increase and hit ATH. Gold is now above $3050 as stocks and bitcoin suffers.
What bitcoin community did not know was that we do not need Trump. Bitcoin was $0.003 in 2009 but it has continue to increase. During Biden/Gensler time that was told to be hostile, bitcoin increased significantly. Bitcoin was approved in the United States.
The reason some people go for Trump is because of altcoins which are pump and dump and not a store of value as they do not get to ATH after they become an old coin. We expected something better but what we saw were Trump and Melania coin.
I think the whole drama with Trump's tariffs on this countries kind of affects the price of Bitcoin because investors are trying to get the whole move about Donald Trump actions on tariffs, and the moment that people get to know that they don't need to rely on Donald Trump's actions to Buy Bitcoin, Bitcoin would mirror what Gold did and head back up , but to me I'm looking at it base on the fact that Donald Trump actions is the only thing affecting the price, I think, it's a senario where technical and fundamental events kind of agreed, Bitcoin Broke $74k Previous ATH and has never comeback into that zone except the one we are seeing now, and I'm only gonna get worried if Bitcoin couldn't hold at $73k - $67k worst case senario.