Bitcoin Price Prediction: BTC Plunges 6% After Trump’s Mexico, Canada And China Tariffs As This Crypto Wallet Token Presale Hits $9 Million
The Bitcoin price plunged over 6% in the last 24 hours to trade at $93,632.92 as of 10:00 p.m. EST as investors offload their holdings in the crypto on the market. The drop in the BTC price comes after US President Donald Trump signed an executive order imposing 25% tariffs on imports from Mexico and Canada, and a 10% duty on China, which will come into effect on Tuesday. Bitcoin Price Clinging To Support 4-hour chart for BTC/USDT (Source: TradingView) The Bitcoin price plunged below the $98,063.55 support in the last 24 hours and is now resting on the next crucial support at $93,904.24. BTC already broke below this technical mark in the last couple of hours, but buyers are trying to defend the level. Should bears overpower bulls in the coming 12 hours, the Bitcoin price could end up falling to as low as $89,135.77. On the other hand, BTC closing the next 2 4-hour candles above $93,904.24 might lead to a rebound. In this alternative scenario, the Bitcoin price could end up tryi...