Bitcoin's price is under pressure as analysts express concern over looming trade war issues, which could push the cryptocurrency below the crucial $93,000 support level. A drop beneath this threshold may trigger a liquidation event wiping out over $1.3 billion in leveraged long positions. After falling below the $100,000 mark recently due to market sentiment shifts caused by newly announced tariffs between the US and China, Bitcoin remains at risk of significant downside volatility. Analysts emphasize the importance of a weekly close above $93,000 to avoid further declines. Macroeconomic uncertainties typically cast a shadow over risk assets; however, some experts argue that heightened trade tensions might exacerbate dollar debasement, thus increasing Bitcoin's appeal as a hedge against inflation. Upcoming discussions between US President Donald Trump and Chinese President Xi Jinping are anticipated to have major implications for global markets, potentially shaping Bitcoin's trajectory in the near future.

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