{"id":21429,"date":"2025-04-10T06:31:32","date_gmt":"2025-04-10T06:31:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=21429"},"modified":"2025-04-10T06:31:32","modified_gmt":"2025-04-10T06:31:32","slug":"bitcoin-dips-in-wake-of-tariff-wars-but-dont-panic-yet-says-analyst","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=21429","title":{"rendered":"Bitcoin Dips In Wake Of Tariff Wars \u2014 But Don\u2019t Panic Yet, Says Analyst"},"content":{"rendered":"
\n

The global tariff war sparked by US President Donald Trump\u2019s blanket 10% tariff on all countries \u2013 effective April 5 \u2013 continues to escalate, sending shockwaves through global markets. In a sharp retaliation, China has announced an 84% tariff on US imports, following Washington\u2019s move to increase tariffs on Chinese goods to 104%.\u00a0<\/p>\n

Bitcoin Shows Weakness Amid Rising Global Tariffs<\/h2>\n

This rising economic tension has injected significant volatility into traditional and digital asset markets, with Bitcoin (BTC) showing signs of weakness amid growing uncertainty.<\/p>\n

Over the past seven days, Bitcoin has dropped by 9.1%, falling from approximately $87,100 on April 2 to around $76,000 at the time of writing. The weakness isn\u2019t isolated, as altcoins like Ethereum (ETH), Solana (SOL), and XRP have posted double-digit losses, underperforming even the flagship cryptocurrency.<\/p>\n

Meanwhile, the probability of a global recession has spiked<\/a> to 68%, its highest level since the height of the COVID-19 pandemic. Major equity markets are also under pressure, with the Dow Jones Industrial Average plunging 9.8% over the past five days \u2013 one of its sharpest short-term declines in recent memory.<\/p>\n

Despite the grim<\/a> macroeconomic backdrop, prominent crypto analyst CryptoGoos believes there\u2019s no need for panic yet. Sharing a historical BTC price chart, the analyst noted that \u201cevery bull market sees major corrections,\u201d and that the current dip is not unusual.<\/p>\n

\"goos1\"<\/p>\n

In a separate post on X, CryptoGoos also highlighted that crypto whales \u2013 wallets with substantial BTC holdings \u2013 are accumulating at an unprecedented rate. While this could signal confidence from institutional players, it may also suggest potential volatility ahead, as large investors can manipulate prices and trigger \u201cbull traps\u201d to shake out retail traders.<\/p>\n

\"goos2\"<\/p>\n

\u200b\u200bOn the other hand, analyst Master of Crypto presented a more optimistic outlook. Pointing to a bullish divergence<\/a> forming on the daily BTC chart, the analyst suggested that Bitcoin could target $83,500 in the short term if current support levels hold.<\/p>\n

\"moc\"<\/p>\n

Is BTC Heading To $65,000?<\/h2>\n

However, not all experts share this enthusiasm. Commentator Titan of Crypto warned that BTC is approaching a critical inflection point. He shared the following weekly chart showing Bitcoin testing two historically strong support levels \u2013 the 50-week simple moving average (SMA) near $73,000, and a 2-year rising trendline around $65,000.<\/p>\n

\"titan\"<\/p>\n

Despite conflicting short-term views, a recent Binance Research report emphasized<\/a> Bitcoin\u2019s underlying strength. The report noted that, despite mounting tariff pressures, BTC\u2019s March 2025 monthly close maintained<\/a> the asset\u2019s bullish market structure. At the time of writing, BTC is trading at $76,756, down 4.1% over the past 24 hours.<\/p>\n

\"bitcoin\"<\/div>\n","protected":false},"excerpt":{"rendered":"

The global tariff war sparked by US President Donald Trump\u2019s blanket 10% tariff on all countries \u2013 effective April 5 \u2013 continues to escalate, sending shockwaves through global markets. In a sharp retaliation, China has announced an 84% tariff on US imports, following Washington\u2019s move to increase tariffs on Chinese goods to 104%.\u00a0 Bitcoin Shows […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-21429","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21429"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/21429\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}