• 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.

• 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.