Tariff Wahala Dey Drive Crypto Market Bearish Sentiment: Bitcoin Dey Face Price Fluctuation
Even though analysts like Bitwise’s Ryan Rasmussen bin dey optimistic at first, wey dem predict say Bitcoin go reach $200,000 by the end of the year, new things don happen wey make crypto people dey fear because of how things dey go for economy, especially because of Trump tariff. Bitcoin, even though e bin strong at first, fall 5.5% below $82,000 after dem announce tariff, and traders now dey see $80,000 as strong support, with possibility say e fit fall to $40,000. Even though some people still believe say market go go up, and dem dey target $100,000 within months, market trust don shake because dem see tariff as something wey go damage market even if e reduce before April 9 deadline. Traders dey use defensive strategies like selling call options and shorting when market bounce back, plus dem dey use calendar spread strategies to take advantage of when market dey oversold. Gold, wey dem dey trade through PAXG, dey favored as something wey go protect against Bitcoin wahala for this uncertain times.
Bearish
The way market dey for crypto now na like say e dey fall down, wey be say na because of wahala for world economy wey Trump tariff dey cause. Analyst dem bin think say Bitcoin go do well at first, but as e don fall below $82,000, traders don change mouth. Wetin people dey do for market now na to protect themselves, like short selling and options trading, so dem fit make money if market continue to dey fall and reach $40,000. The news don shake trust well well, make traders dey fear for Bitcoin future as tariff still dey hang like thunder. Even though some people still get hope for long term, wetin dey happen for market now show say market dey go down.