Opinion: If tariff concerns escalate, BTC's key support level will move down to $71,000

Since the beginning of this year, concerns about tariffs, inflation, and high interest rates have hit the Cryptocurrency market. At the same time, doubts about the US's dominant position in the field of artificial intelligence have intensified market risk aversion, prompting investors to turn to safer assets. Nic Puckrin, founder of The Coin Bureau, said, 'If concerns about tariffs continue to escalate, BTC may further decline in the short term. The key support level will move down to $71000. However, if there are positive macroeconomic news, such as the cancellation of tariffs on Mexico and Canada, the BTC price may Rebound. Although this scenario is unlikely, Trump may still change his stance.' (thecryptobasic)