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Coin Edition 2025-05-24 20:45:00

Bitcoin Pulls Back After Trump Tariff Shock, But Bullish Trend Holds

Bitcoin Pulls Back After Trump Tariff Shock, But Bullish Trend Holds

Bitcoin hit $111K before dropping after Trump’s new tariff warning. Analysts see a bullish retest if support zones hold firm. Bitcoin’s bigger uptrend still has weeks left. Bitcoin recently touched a new all-time high near $111,000 before experiencing a short-term pullback today. The sudden drop was triggered by President Donald Trump’s announcement of possible new tariffs, including a 25% tariff on iPhones not made in the U.S. and a proposed 50% tariff on the EU. This rattled both stock and crypto markets, with major indices and Bitcoin seeing immediate declines. Bitcoin’s price dropped about 3%, while several altcoins suffered even heavier losses. Interestingly, a few altcoins managed to stay in the green — including Worldcoin and Hyperliquid — defying the broader market trend. However, according to an analyst, there is a bullish retest happening for Bitcoin price. According to a chart shared by Crypto Rover, Bitcoin has recently broken out of a strong downtrend and surged past multiple key resistance levels, pushing above $112,000. After this impressive rally, the price now appears to be pulling back slightly, setting up for bullish retest. … The post Bitcoin Pulls Back After Trump Tariff Shock, But Bullish Trend Holds appeared first on Coin Edition .

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