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Bitcoin falls to $77,000, impacted by Trump’s tariffs

Technical Analysis
By Ahmed Ashraf
Bitcoin falls to $77,000, impacted by Trump's tariffs
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BTCUSD

البيتكوين 7-4-2025

Bitcoin is trading below the resistance zone of $79,250, and prices are likely to decline and target the support zone of $73,000. This scenario would be invalidated if the aforementioned resistance zone is broken to the upside during today’s trading session.

Support

 73000 70000 66000
Resistance 79250 87500

93500

Bitcoin witnessed a significant drop in its value today, falling by 6% to reach $74,730, after having traded above the $80,000 level for an extended period. This decline is attributed to escalating global trade tensions, particularly following U.S. President Donald Trump’s announcement of new tariffs on European, Japanese, and Chinese imports, raising fears of a full-scale trade war.

These measures have sparked concerns among investors about a potential global economic recession, prompting them to abandon high-risk assets, including cryptocurrencies.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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