If tariff concerns escalate, key support level for Bitcoin may move down to $71000

Odaily Planet Daily News: Since the beginning of this year, concerns about tariffs, inflation, and high interest rates have dealt a blow to the cryptocurrency market. Meanwhile, doubts about the United States' dominant position in the field of artificial intelligence have intensified market risk aversion, prompting investors to turn to safer assets. Nic Puckrin, founder of The Coin Bureau, said, "If concerns about tariffs continue to escalate, Bitcoin may further decline in the short term. The key support level will move down to $71000. However, if there is positive macro news, such as lifting tariffs on Mexico and Canada, Bitcoin prices may rebound. Although this situation is unlikely, Trump may still change his stance