Bitcoin's price challenges a long-term resistance line amid the US trade war, with traders anxious about potential volatility from tariffs. Recent data indicates Bitcoin ETFs experienced nearly $800 million in outflows, yet market analysts suggest this is inconsequential given the growth of the overall Bitcoin market. Recent tariff announcements by President Trump briefly lifted Bitcoin prices to $86,000, before retreating to around $84,000, signaling ongoing uncertainty. The US dollar's weakness, reaching three-year lows, could benefit Bitcoin and other risk assets, historically correlating with Bitcoin gains after dollar losses. Furthermore, the global M2 money supply has hit record highs, which is typically associated with positive price action for Bitcoin, although analysts indicate it may take time for these effects to manifest. Optimistic trends for Bitcoin may materialize soon, suggesting a potential price rebound in the upcoming weeks, though caution remains essential amidst the evolving economic landscape.

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