Bitcoin experienced a temporary dip to around $111,000 before retracing after President Donald Trump’s announcement of potential new tariffs. These tariffs, including 25% on iPhones manufactured outside the U.S. and 50% on imports from Europe, impacted both stock and cryptocurrency markets. Bitcoin’s price dropped approximately 3%, while several other cryptocurrencies suffered steeper losses. However, a select group of altcoins like Worldcoin and Hyperliquid defied broader market trends by remaining in positive territory. An analyst suggests that a bullish rebound is possible for Bitcoin prices as the coin has recently broken out of a downtrend and surpassed key resistance levels, exceeding $112,000. After this notable surge, the price has now begun to cool off slightly, creating potential for further growth.