Opinion: If tariff concerns escalate, Bitcoin's key support level may move down to $71,000

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ODAILY
02-26
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Odaily Odaily News reports that concerns over tariffs, inflation and high interest rates have weighed on the cryptocurrency market this year. At the same time, growing doubts about the US's dominance in the field of artificial intelligence have heightened the market's risk-averse sentiment, prompting investors to turn to safer assets. Nic Puckrin, founder of , said: "If concerns over tariffs continue to escalate, Bitcoin could fall further in the short term. The key support level will move down to $71,000. But if there are positive macroeconomic news, such as the cancellation of tariffs on Mexico and Canada, the Bitcoin price may rebound. Although this scenario is unlikely, Trump may still change his stance."

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