#Trump Tariff May Crash Bitcoin Toward $50,000
Markets reacted sharply. S&P 500 and Nasdaq 100 futures fell over 4%, while Dow Jones futures dropped more than 1,000 points. Bitcoin briefly surged to $87,000, then pulled back and now trades around $83,000, facing pressure from rising macroeconomic uncertainty.
Bitcoin is now trading near its 50-week Exponential Moving Average (EMA) at $76,619, a level that has held as support since early 2023. The current price is around $83,644, just above this key zone. If Bitcoin closes below the 50-week EMA, it could move lower toward the 200-week EMA near $45,623. That would be a drop of about 40% from the current price.
BTC
67,099.87
-1.23%