From Cointelegraph

April 3, 2025 6:05 am:

Bitcoin (BTC) faces “very high risk” from US trade tariffs, with potential for a slump to $71,000 according to Charles Edwards of Capriole Investments. BTC reacted worse than US stocks to Trump’s trade tariffs, falling up to 8.5% in a day while the S&P 500 rose 0.7%. US business expectations are at levels seen only three times since 2000.

Capriole’s latest update highlights the importance of the Philadelphia Fed’s Business Outlook Survey (BOS) in predicting market sentiment, cautioning against ignoring it. Edwards suggests that a daily close above $91,000 would signal a bullish trend for Bitcoin, while a drop to $71,000 could lead to a significant bounce.

Despite the risk posed by US trade tariffs, increasing global liquidity could benefit Bitcoin and other risk assets. The Fed in the US is loosening financial policy, with expectations of a return to quantitative easing (QE). An influx of M2 money supply is anticipated, historically leading to major price upside for BTC.

Analysts predict a potential BTC price rebound by the start of May, as US M2 money supply vs BTC/USD chart indicates a positive trend. This article does not offer investment advice, and readers should conduct their own research before making financial decisions.

Read more at Cointelegraph: Bitcoin price risks drop to $71K as Trump tariffs hurt US business outlook