Bitcoin (BTC) faced mixed forces on 27 March as a combination of fresh American trade tariffs and macroeconomic data.
BTC/USD 1-hour chart. Source: Cointelegraph/TardingView
Gold leaves bitcoin in dust amid tariff crises
Data Pro from cointelegraph markets and Tradingview Returning to the Wall Street Open, BTC showed value volatility.
BTC/USD displayed uncertain commercial behavior as per the US stocks as the second amendment of US Q4 GDP came above an average forecast of 2.3%.
At the same time, the initial unemployed claims decreased from estimates, possibly increased the Hawkish financial policy more than the Federal Reserve as high interest rates.
However, the main talk between market commentators was tariffs on non-US-made cars installed by President Donald Trump. They begin on 2 April, adding existing concerns to a round of tariffs.
“These tariffs are going to be largely implicated,” the trading resource Coby letter wrote in its part. Response to XKeeping the UK’s $ 10 billion auto export market in mind in the US.
Already sensitive, risky property for tariff surprise failed to climb thus, gold with a clear winner from the latest news.
XAU/USD hit the new all-time high of $ 3,059 an ounce a day, while bitcoin repeats the current existing trend while trading water.
“Gold has now added +$ 7 trillion market cap in the last 12 months. This is the first time in the market cap with $ 21 trillion,” couple,
“Gold is telling us something.”
XAU/USD 1-hour chart. Source: Cointelegraph/TardingView
BTC price is $ 91,000 short -term target
Some positive BTC value perspective still remained the day.
Connected: Bitcoin price prediction market Betc BTC 2025 will not exceed $ 138k
Crypto’s popular merchant Titan Eyewale A potential climb up to $ 91,000 as part of the reverse breakout from a “fast penette” on a 4 -hour BTC/USD chart.
BTC/USDT perpetual swap 4-hour chart. Source: Crypto/X Titan
This week, the Titan of Crypto revealed a breakout on the daily timeframe, ending a multimonous dowtrand.
Continuing on the latter subject, fellow businessman Mikbul Crypto gave a BTC price target of $ 112,000.
“The market structure is moving – is the pump finally here?” Another popular trading account, Merligen the Trader, Querry done About the breakout.
BTC/USD 1-day chart. Source: Mikbul Crypto/X
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