This was a complete misunderstanding by almost everyone involved.”As a result, market participants have taken a wait-and-see approach, as clarity on policy could either ignite a rally or trigger a sell-off.Related: Trade war vs.record M2 money supply: 5 things to know in Bitcoin this weekBTC price trapped between two key trendlinesAnother reason why Bitcoin price remains stuck in limbo is that it trades within two significant levels, as shown in the chart below:BTC price trades between the 50-day simple moving average (SMA) at $84,400 and the 200-day SMA at $87,500.
According to capital markets commentator The Kobeissi Letter, the "Clarification of Exceptions Under Executive Order 14257" note published by the White House on April 11 did not present a “new list of exemptions.”Rather, it was a clarification that the “goods were never actually intended to be subject to 145% tariffs,” The Kobeissi Letter explained in an April 14 post on X. “It appears that the news and most investors, along with customs enforcement themselves, never truly understood what was being tariffed to begin with.
Buy and sell pressure equilibrium with BTC price trapped between two key levels. Trump tariffs breed market uncertaintyOne significant factor contributing to Bitcoin price flatlining is the White House’s semiconductor and technology tariff inconsistency.
or
Share This Story
Article Details
Author / Journalist: Cointelegraph by Nancy Lubale
