Bitcoin remains under pressure due to global economic uncertainty, despite positive U.S. inflation data.
Inflation and Its Impact on the Crypto Market
The cryptocurrency market is facing headwinds, despite the U.S. Consumer Price Index (CPI) showing a decline to 2.4% in March—better than analyst forecasts. However, these numbers did not lead to a rally in crypto assets, with Bitcoin dropping 1.6% in the last 24 hours.
Trump's Tariff Policy and Its Consequences
President Trump announced a 90-day pause on tariff increases, but his aggressive stance against China raises market concerns. China's response with tariffs on U.S. goods undermines investor confidence and poses risks for further declines in crypto prices.
Analysis of Current Bitcoin Support Levels
Analysts warn that if Bitcoin fails to maintain the $80,000 level, it may revisit support at $76,000. Key support zones also include $71,000 and $65,000. Despite current challenges, signs indicate that major investors are accumulating assets amid market declines.
Uncertainty surrounding tariff policies and economic conditions continues to pressure Bitcoin. Investors are awaiting developments in the coming months.
