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$BTC has tested the resistance area once again but was unable to maintain its position above it. This level is crucial to reclaim for any upward movement. On Wednesday, Trump is expected to announce a new tariff, which may lead to increased volatility in the market. The support and resistance levels remain the same.

Bitcoin's price has been stuck in a rut, struggling to break through the $85,000 ceiling. The cryptocurrency market's uncertainty has sparked debate about the causes of this stagnation. One possible culprit is Donald Trump's tariff war, which has been wreaking havoc on global markets. The tariff war has created a climate of economic uncertainty, leading to a decline in investor confidence. As a result, Bitcoin's price has suffered, unable to break through the $85,000 barrier. However, it's essential to note that the cryptocurrency market is inherently volatile, and various factors can influence Bitcoin's price. Other possible causes of the current stagnation include recession fears, global economic downturn, and regulatory uncertainty. Despite these challenges, some remain optimistic about Bitcoin's long-term prospects. In conclusion, while Trump's tariff war may be contributing to Bitcoin's current price struggles, it's unlikely to be the sole cause. The cryptocurrency market is complex, and various factors can influence Bitcoin's price. As the market continues to evolve, it's crucial to stay informed and adapt to changing circumstances. $BTC

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