Just now, BTC slipped below $63,000 – and looking at the charts, it seems more pain is coming before we see a real bottom. The losses from yesterday continue, mainly due to these new tariff uncertainties from Trump. The price has already fallen nearly 7 percent this week and is trading at levels we last saw in early February.

Analysts warn that the $60,000 mark is a critical support level. If that doesn't hold, it could drop into the mid to lower range of $50,000. What's interesting is: Historically, Bitcoin only finds its sustainable bottom when the 50-week moving average falls below the 100-week moving average – a so-called bear cross. This is counterintuitive, but it has proven reliable during every major bear market (2022, 2018).

We are still far from that today. The 50-week is still well above the 100-week, which means: selling pressure could continue. If history repeats itself, we might fall to $50,000 or below before these averages cross counterintuitively and true capitulation occurs. The current price is around $73,870, but that may not say much about what’s coming.