Bitcoin Price Analysis

While Bitcoin has seen a slight recovery over the past 24 hours, the risk of downside remains, according to analyst Aurelie Barthere from Nansen.

EU Tariffs Impact

The European Union is set to impose tariffs on $28 billion worth of US goods as a response to President Trump’s decision to impose 25% tariffs on steel and aluminum imports. Barthere suggests that this retaliation creates additional macroeconomic uncertainty that could negatively affect Bitcoin’s price.

Market Reactions

Barthere warns that this situation could limit Bitcoin’s recovery, increase volatility, and potentially drop its price below the critical support level of $75,000. RedStone co-founder Marcin Kazmierczak echoed this sentiment, stating that retaliatory tariffs signal a potential for further market declines.

Kazmierczak noted:
> “Counter tariffs are not a positive signal because they indicate that there is a potential for retaliation from the other side.”

While stablecoins and real-world assets (RWAs) remain strong, these tariffs may push Bitcoin back to $75,000. Kazmierczak added, “For now, I don’t think this news will have much impact, but we will wait for the US’s reaction.”

Other Influencing Factors

Ryan Lee, chief analyst at Bitget Research, also pointed out that import duties are not the sole driver of Bitcoin’s price. Other factors include:
– Worldwide institutional adoption
– Regulatory updates
– High utility of cryptocurrencies

Lee concluded that Bitcoin is more resilient than traditional financial instruments despite trade policy changes.

This is not investment advice.