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I do not believe that this will make bitcoin collapse as seen as in many headlines (if you were to ask me, I think a lot of critics are hoping bitcoin crash lol) that I see. It just sucks that this economic/political decision has stopped (for now) bitcoin's journey to more aths. Do you think that had Trump not done this, will bitcoin go on to reach a new ath this week or at least before the month ends or do you think that Trump's announcement did not really make any difference as it would have gone to a similar ending?
Let's not forget that over the past few weeks, Bitcoin and the market is going upwards, so I guess a bit of a correction is needed. It's happening already before the Trump announcement happened where the market is going into a correction. It's just that, his announcement coincided with the correction that's happening hence, pushing the price of Bitcoin and other altcoins downward even more.
Over the last 12 hours, around $113M worth of Longs got liquidated based on Coinglass, and this is the reason why we always need to put a stoploss when we are trading. As retail investors/traders, we don't have any inside knowledge. Yesterday, I already saw the market going down significantly, but I can't find any reason why online until 30 minutes to around an hour where I saw a post regarding Trump imposing at around 50% tariffs on EU, and that caused the market to tumble. Always put a stop-loss because news like this can happen anytime.
As for your question OP, I believe that it can, or at least we see Bitcoin going as high as $112,000 this month, but this post by Trump made it impossible to happen... or at least this month. Over the weeks, we will be seeing Bitcoin and the market going up as usual because we are still in a bullish trend.