Bitcoin Price Tests Support as Experts Caution Against Dip Buying

The U.S. implemented a significant trade tariff of 104% on Chinese goods, escalating tensions in the ongoing trade war between the two countries. This measure follows earlier White House warnings and comes after China failed to remove retaliatory tariffs on U.S. exports. Bitcoin’s price is currently facing a critical turning point as it tests a key support zone ranging from $75,152 to $77,672. If the price holds here, a rebound could occur; however, there’s also potential for further decline before any recovery.