🟧Donald Trump’s trade policy toward Canada has stalled Bitcoin’s growth, preventing it from holding above $82,000. After Wall Street opened on March 11, BTC lost 7% of its gains, following the stock market downturn.
🟧Trading firm QCP Capital noted that Trump’s policies are increasing pressure on risk assets, though a weaker U.S. dollar could support cryptocurrencies. The DXY index has fallen to 103.32, its lowest level since October 2024.
🟧Analysts warn that BTC/USD remains at a crossroads. Elliott Wave theory suggests potential new lows unless BTC breaks above yesterday’s high. However, traders highlight that Bitcoin is successfully holding support at $75,500.