Bitcoin's price is under pressure, with analysts warning it may fall below a crucial support level of $93,000 due to escalating global trade war fears. A drop below this point could trigger a significant liquidation event, affecting over $1.3 billion in leveraged long positions across crypto exchanges. The downturn began after Bitcoin slipped under the $100,000 mark as new import tariffs by the US and China added to market uncertainty. To maintain stability and avoid a drop to $90,500, which may signal bearish trends, a weekly close above $93,000 is essential. Analysts suggest that, while macroeconomic uncertainty poses risks, the trade tensions may eventually lead to increased demand for Bitcoin as a hedge against fiat currency devaluation. Market participants are also awaiting key discussions between US President Donald Trump and Chinese President Xi Jinping, which are expected to have significant implications for global markets.

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