$BTC The recent market volatility is influenced by President Trump's "Liberation Day" tariffs, which have heightened economic uncertainty. Analysts suggest that the short-term impact of these tariffs may be negative for Bitcoin due to potential economic slowdowns and increased inflation. However, the long-term outlook remains optimistic, with expectations of a rebound as markets adjust.

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Additionally, technical indicators point to a possible "death cross" on the horizon, where Bitcoin's 50-day moving average could fall below its 200-day moving average. This pattern is often viewed as a bearish signal, suggesting potential further declines.