Bitcoin Dips Below $88K After Trump’s Tariff Threat— Key Levels & What Happened ⚠️📉
🔥 Market move: Bitcoin's price down trend persists, sliding below $88,000 after US President Trump threatened a 10% tariff on goods from 8 European countries starting Feb 1.
🌍 Greenland twist: Trump warned tariffs could rise to 25% from June 1 if no Greenland deal is reached — geopolitical risk hit crypto sentiment.
💥 Liquidations surge: Positions worth $865M liquidated in Crypto Market; roughly $600M came from long positions as traders cut leverage.
⚠️ Heavy blow to bulls: About 90% of investors who bet on last week’s rally were liquidated.
📊 Levels to watch: In long term, $94,600 — breakout could signal downward correction is over; $90,000 — break below may signal further downtrend.
🤝 Analysts’ view: Some analyst warned that Bitcoin prices could fall to $70K if tariffs persist, but many consider the current price drop as temporary.
💡 Trade note: Volatility creates opportunities — trade responsibly and manage risk. Not financial advice.
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