The U.S. has announced a dramatic 104% tariff on Chinese goods, effective at noon on Tuesday, April 9, 2025. This move is a significant escalation in the trade war between the two countries, following earlier threats from the White House. The new tariff comes as a response to China’s failure to remove retaliatory tariffs on U.S. exports.
Bitcoin has hit a critical support zone, which traders have been closely monitoring. The cryptocurrency’s price is testing a key range between $75,152 and $77,672. This is an important level for Bitcoin—if the price holds here, there could be a bounce back. However, there’s still a chance Bitcoin could dip lower before any recovery.
Bitcoin’s price action in the short term is still uncertain. If Bitcoin can rise above the $81,282 mark, it could signal a shift toward a more bullish trend. But for now, a brief jump above that level wouldn’t be enough to confirm a major trend reversal. A more convincing breakout above $83,792 would be needed for a stronger bullish signal.
In an interview with CoinDesk, Glen Goodman, a crypto trader and author, recently shared his thoughts on whether investors should buy the dip in the crypto market following a recent crash.
Experts advise waiting for price stabilization and trend reversal before buying into the dip.
Tariff tensions have triggered market volatility, pushing Bitcoin to a key support zone between $75K and $77K.
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