Bitcoin risks correction on US-China trade war concerns

By X-blogger - on February 5, 2025

Bitcoin risks a deeper correction as fears of a potential global trade war escalated following import tariffs announced by US President Donald Trump and China’s Ministry of Finance. The Ministry of Finance of the People’s Republic of China announced new import tariffs of up to 15% on some US imports effective February 10.

The Bitcoin-Dollar pair plummeted 1.8% in the last session. The Stochastic-RSI is giving a positive signal.
Support: 93946 | Resistance: 105238

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