Bitcoin Price Prediction
The crypto market is down due to trade tensions between the US and China, with Bitcoin dropping 8.1% in 24 hours.
Investors are cautious as macroeconomic shocks dictate market behavior, shaping the BTC price narrative.
Bitcoin's daily chart shows a break below the ascending channel, signaling weakening technical strength.
- Bitcoin's price: $111,871
- Parabolic SAR dots have flipped above the price candles, confirming seller control
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Author's summary: Bitcoin price drops due to trade tensions.