Quote from: Donneski on Today at 12:59:13 PM

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.

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.

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.

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