Bitcoin (BTC) is confronting significant resistance near the $110,348 price level as market volatility intensifies due to trade policy shifts and Federal Reserve uncertainties. Analysts urge caution amid these overlapping economic pressures.
The U.S. Secretary of Commerce recently announced potential trade tariffs of up to 50%, creating headwinds for risk assets including cryptocurrencies. Bitcoin’s technical structure shows critical support zones at $107,000 and $102,560, with market participants closely monitoring these thresholds.
Further uncertainty stems from public criticism of Federal Reserve Chairman Jerome Powell by a chief advisor to the Trump administration, raising questions about future monetary policy direction. Bitunix analysts recommend restrained positioning in BTC, citing persistent trade and policy risks.
Technical indicators suggest a decisive break below $106,000 could signal accelerated downward momentum, potentially exposing Bitcoin to deeper corrective movements.