Bitcoin Price Prediction as Trump’s Tariff Shock Triggers $19B Liquidation
The crypto market is sharply down today as global risk sentiment deteriorates following renewed trade tensions between the United States and China.
Bitcoin leads the decline, dropping 8.1% in the past 24 hours, while other top assets such as Ethereum and Solana also tumble.
Investors are turning cautious as macroeconomic shocks continue to dictate short-term market behavior and shape the broader BTC price narrative.
Bitcoin’s daily chart reveals a clear incoming break below the ascending channel that supported its uptrend through much of 2025.
The move signals weakening technical strength as selling pressure intensifies after weeks of failed attempts to breach the $125K resistance.
The current Bitcoin market price trades at $111,871, hovering near a critical mid-range support level.
Notably, the Parabolic SAR dots have flipped above the price candles, confirming a shift in short-term control toward sellers.
Author's summary: Bitcoin price drops due to trade tensions.