Bitcoin’s first bearish signal since October is here. With key U.S. data ahead, traders are on edge — will BTC hold support or break lower?
Bitcoin faces uncertainty
Bitcoin (BTC) is treading on shaky ground as it struggles to reclaim six figures, with investors bracing for key economic data that could dictate the market’s next move.
On Jan. 20, Bitcoin soared to a record $109,114, coinciding with Donald Trump’s inauguration as the 47th U.S. president. Since then, it has dropped about 11%, trading at $97,300 as of Feb. 10.
Trump’s latest tariff talk has added to market volatility. On Jan. 9, he signaled that a 25% blanket tariff on steel and aluminum imports was on the table, alongside “reciprocal tariffs” on every country.
A formal announcement is expected as early as Feb. 11 or 12, with steel tariffs possibly taking effect even sooner on Feb. 10.
On Feb. 1, the U.S. imposed…
