BTC/USD: Bitcoin Breaks Long-Term Support as Prices Slide Below $76,000 on Tariff Jitters

Latest comments by President Trump didn’t spare the crypto market — digital assets sold off together with their stock peers.

💸 Bitcoin Dives Under $76,000

• The price of Bitcoin BTCUSD declined about 3% early Monday morning, extending losses from the weekend to a total of 10%. A Bitcoin was going for around $76,000, hitting pre-Election levels and cracking through both a long-term and a short-term support area. The slide was part of a broader crypto market rout, which was part of an even broader global stock market selloff.
• US President Donald Trump late on Sunday triggered a run for the exits when he indicated he’s not backing out of his dangerous game of tariffs, which threatens to complicate just about everything out there.

🤔 Crypto Hates Uncertainty

• Speaking to journalists aboard Air Force One (on his way back from a weekend of golfing), Trump said that “sometimes you have to take medicine to fix something.” While he was addressing the violent stock pullback, the same could be felt across the crypto space — tariffs are bound to hurt growth and knock spending. Ether felt the pain, too.
• Crypto, being the riskiest class of them all, doesn’t really thrive in times of uncertainty, confusion or recession. And that’s what analysts warn is coming to the US if Trump’s tariffs get cracking.

⚠️ Bitcoin’s Support Zones

• Back to Bitcoin, the short-term support that was just broken was the recent bottom on March 11, which failed to provide any cushioning. Longer term, Bitcoin just exited a rising channel with previous points of connection being September 6 and August 5. How long is the uncertainty going to last?
• No one really knows. Trump’s rationale isn’t the most consistent so any changes of the plan could come at any time. What should you do then? Brace for these times the right way — try to reduce risk and keep the panic away.