Crypto price prediction: Bitcoin struggles after hitting new low amid global market tensions

 Bitcoin's price prediction:

Bitcoin right now trading near $78,000 on Monday. Show slight recover after a huge dropped to a new yearly low of $74,508 during the Asian trading session as a impact of Global markets shake after Trump’s tariff decision. Despite the slight bounce, Bitcoin continues to show weakness, falling further each day. Last week, the cryptocurrency dropped nearly 5%, and now it seems like the downward pressure is not yet over.

The wider market has also seen some serious trouble. A growing global trade war caused a major shakeup across crypto markets. In just 24 hours, nearly 453,000 traders using borrowed funds were wiped out. This led to total losses of around $1.39 billion. On top of that, interest from big U.S. investors seems to be falling. Spot Bitcoin ETFs, which are a popular way for institutions to invest, saw a big withdrawal of $172.69 million last week.

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Oneof the main reasons for Bitcoin’s recent fall is its failure to stay above the$85,000 level which was explained on last week. This price level was acting as strong resistance, and once Bitcoin was pushed back from there, it quickly lost strength. By Monday, it had already dropped below another key level at $78,258 and reached a new low for the year, breaking its previous bottom from March.

If Bitcoin doesn't find support soon, it could keep falling. The next level traders are watching is $73,072. If the price hits that level, it could either bounce or continue sliding further down. This makes the coming days very important for those watching the market closely.

Technical indicators are also pointing to more weakness. The Relative Strength Index (RSI), is currently at 36 below the neutral level signaling bearish momentum. Which measures that Bitcoin is under heavy selling pressure, though it hasn't entered "oversold" territory just yet. The MACD also giving the sell signal, adding to the bearish signs.

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If Bitcoin manages to gain strength again, it could move back up and test the $85,000 resistance level once more. On the other hand if BTC fall below $73,000 this level, than the next support will be $68,000. Investors should need to watch this level very carefully, cause right now market in the pull back mode.