Bitcoin Slips Below Key Support as Trump’s EU Tariff Warning Sparks Selling Pressure
Following former President Trump’s warning on new EU tariffs, Bitcoin has come under notable selling pressure, breaking below crucial support levels and signaling heightened volatility around the $107,000 mark.
The recent decline has created a strong volume-based resistance zone near $108,300, while buyers have stepped in to defend support between $106,700 and $107,000.
Bitcoin’s price surged briefly from $107,373 to $107,671 between 13:06 and 13:36, only to reverse sharply shortly afterward, reflecting ongoing uncertainty.
Technically, Bitcoin is currently trapped in a compression range, bounded by two significant fair value gaps, which will likely dictate its near-term price direction.
Should bulls regain control and push prices back toward the $109,000–$110,000 range, Bitcoin could attempt a rally beyond $112,000. Conversely, a sustained break below $107,000 may lead to a test of liquidity around the $106,000 level.
Technical Highlights:
- The sell-off intensified between 22:00 and 23:00 on May 24th, marked by exceptionally high volume of 16,335 BTC, establishing resistance near $108,300.
- Support emerged in the $106,700–$107,000 zone as buyers entered during the 09:00–10:00 window on May 25th, though price has since hovered near $107,500 with limited recovery momentum.
- Overall technical indicators point to a short-term bearish bias, with the market likely to consolidate before a clear directional move unfolds.
- Noteworthy volatility was seen during the 13:35 candle, when BTC jumped almost $150 on elevated volume of 148.76 BTC, setting a temporary resistance near $107,630.
- Buyers defended support near $107,400 toward the close of that period, but the broader picture suggests ongoing consolidation amid the correction from the recent high of $109,239.
