Bitcoin Price Prediction
The crypto market is sharply down today due to renewed trade tensions between the US and China.
Bitcoin has dropped 8.1% in the past 24 hours, with Ethereum and Solana also declining.
Investors are turning cautious as macroeconomic shocks dictate short-term market behavior.
Bitcoin's daily chart shows a break below the ascending channel, signaling weakening technical strength.
The current market price is $111,871, near a critical mid-range support level.
The Parabolic SAR dots have flipped above the price candles, confirming a shift in control toward sellers.
No specific quote available.
Author's summary: Bitcoin price drops 8.1% due to trade tensions.
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