Bitcoin Traders Brace for Volatility Amid Tariff Escalation
- US tariffs are set to increase on April 2, potentially escalating trade tensions.
- 25% levies will apply to auto imports and countries purchasing Venezuelan oil.
- Bitcoin whale activity suggests strategic accumulation at current price levels.
- A bearish flag breakdown indicates potential BTC price targets between $70K-$73K.
- The CME gap between $82,000 and $85,000 has been filled, influencing BTC movements.
With US tariffs increasing on April 2 and Bitcoin whales accumulating, traders should prepare for heightened market volatility. The recent filling of a CME gap between $82K and $85K could further impact Bitcoin’s price trajectory.
Source (2.6)https://www.newsbtc.com/news/bitcoin/bitcoin-weekly-preview-tariffs-whales-volatility/?rand=52377