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Bitcoin Outlook: USD/BTC Looked Shaky Even Before Tariff Shock
Has Donald Trump’s threat to impose additional 100% tariffs on Chinese imports from November 1 in retaliation to Beijing’s decision to implement export controls on rare earth minerals provided a catalyst to spark meaningful downside in Bitcoin and other crypto assets? Looking at the price action leading up to and following Trump’s Truth Social post late Friday, it’s easy to make the case. The chart below has two panes. On the left, it’s USD/BTC using a daily timeframe. On the right, it’s USD/BTC using a weekly tick. Both show notable topping patterns, warning that calls for another quick ‘TACO’ ... (full story)
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