Bitcoin has risen 16% from a low of $76,600 to reach $88,700 on March 24, but has since stabilized around $85,000 as of April 2. Concerns arise following a rejection from the $85,500 resistance level, especially with U.S. tariffs on imports announced by President Trump that could drive prices lower. Market analysts warn that such tariffs may encourage inflation and increase risk aversion toward assets like Bitcoin. Previous tariff announcements saw Bitcoin drop significantly, underscoring its vulnerability to macroeconomic factors. Additionally, as inflationary pressures mount, traditional safe-haven assets such as gold might attract more investment compared to Bitcoin, which is yet to prove itself as a reliable inflation hedge. The market anticipates volatility in response to Trump’s proposed tariffs, with analysts cautioning that Bitcoin must hold the $84,000 support level to avoid deeper declines. A breakdown could trigger a sell-off, testing lower price thresholds. Given these dynamics, the overall sentiment indicates that risk assets, including Bitcoin, may remain under pressure in the upcoming days.

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