The latest European Union reprisals have deepened macroeconomic uncertainty, which prompted cryptographic analysts to predict increased volatility for Bitcoin prices, which could drop below the level of critical support of $ 75,000.
The EU will impose counter-triggers at 26 billion euros (28 billion dollars) of American products from April, the European Commission announced on March 12, responding to the recent decision of US President Donald Trump to impose 25% prices on steel and aluminum imports.
This decision is the last price announcement reprisals in response to American import prices, which can trigger renewed trade concerns of commercial war and short -term market volatility.
Source: European Commission
“Constitutes are not a positive signal because they again suggest a potential rebound on the other side,” according to Marcin Kazmierczak, co-founder and chief of the Oracchain, Redstone solution company.
This can see Bitcoin (BTC) revisiting $ 75,000, he told Cointtelegraph, adding that “given the Stablecoins and Rwas [real world assets] Stay at all times, it has the potential to bounce back. »»
“I don’t think the news has a strong impact for the moment, but we will observe the response to the American end,” he added.
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Other analysts are still looking at a temporary bitcoin retirement less than $ 72,000 as part of a “macro correction” during the current bull market before the next Bitcoin annagator.
However, import prices are not the only factor that influences the Bitcoin price, Ryan Lee, Bitget Research chief analyst, told Cintelelegraph, adding:
“Prices are correlated with broader economic conditions but are also influenced by factors beyond commercial policies. Global institutional adoption, regulatory updates and high public services make it more resilled than traditional financial instruments. »»
BTC / USD, 1 month graphic. Source: Cointelegraph
Europe has announced that its reprisals on the same day increased 25% Trump prices on all steel and aluminum imports. The current suspension of prices by Europe on American products will end on April 1, and its new prices will take full effect by April 13.
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The uncertainty of the global commercial rate can limit markets until April 2
Traditional markets and cryptocurrencies can be limited by concerns related to prices until April 2, according to Aurelie Barthere, main research analyst at Nansen. »»
“The tariff noise should continue until April 2, and reciprocal price announcements, then negotiations, and put a lid on risk appetite.”
“That said, we observed provisional stabilization in the main American actions indices and the BTC yesterday, at the lowest of their respective RSI, which we are monitoring,” she added.
Trump threatened to “increase considerably” the tasks of cars entering the United States from Canada, which is expected to take effect on April 2, unless Canada decides to lower some of its commercial prices.
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