Re: What's Next For Bitcoin Amid Tariffs and Recession Fears?
Bitcoin recently experienced a sharp drop of over 6%, hitting its lowest level since the start of the year. The timing collided with Donald Trump’s announcement of sweeping new tariffs, which has seriously left the global markets in serious panic, raised fresh fears of a potential recession and have also prompted widespread sell offs in not just Bitcoin but across the crypto market.
There are people that panicked, there are people saying that it's the bear market, BUT what that truly is, is merely another opportunity to buy more units of Bitcoin with the same amount of fiat.
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While Bitcoin is often considered as a "digital gold" that's not influenced by the traditional market chaos, this time it wasn't spared from the panic effects of the global market. Bitcoin and crypto analysts in general are also watching a possible “death cross” on the charts, which could signal more downside ahead.
"Digital Gold" shouldn't necessarily mean it's not "influenced by the legacy market. What moves markets is speculation and liquidity. There will be instances that Gold moves together with traditional markets too.
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That said, it’s not all doom. While some experts are expecting continued pressure on Bitcoin amid tightening economic situations, others believe that BTC could regain its role as a safe haven. But for now, the market looks unpredictable. That said, between the economic uncertainty and bearish technical signals, Bitcoin’s short-term path is definitely under pressure and that births my question of what's next.
If you're still accumulating Bitcoin, then you should like Bitcoin "under pressure".