Bitcoin Price Prediction
The crypto market is sharply down today due to renewed trade tensions between the US and China, with Bitcoin dropping 8.1% in the past 24 hours.
Other top assets like Ethereum and Solana also declined, as investors turned cautious due to macroeconomic shocks dictating short-term market behavior.
Bitcoin's daily chart shows a break below the ascending channel, signaling weakening technical strength and intensifying selling pressure after failed attempts to breach the $125K resistance.
The current Bitcoin market price is $111,871, near a critical mid-range support level, with Parabolic SAR dots flipped above the price candles, confirming a shift in short-term control toward sellers.
No specific quote available in the text.
Author's summary: Bitcoin price drops 8.1% amid trade tensions.
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