Bitcoin (BTC) witnessed a sharp decline in price after U.S. President Trump once again threatened China with massive tariffs. The news sent shockwaves across global markets, increasing volatility in both traditional and crypto markets. BTC, which was trading strongly above $122,000, dropped rapidly and is now struggling around the $118,990 level. The recent drop reflects a broader risk-off sentiment as traders react to the renewed geopolitical tension between the world’s two largest economies. BTC Chart (Source TradingView Technical Overview: BTC Breaks Below EMA50 On the 4-hour chart, Bitcoin has officially fallen below the EMA 50 (Exponential Moving Average) a key short-term indicator of market strength. This breakdown signals that bearish momentum is gaining control, and buyers are losing grip in the short term. The next major level to watch is $116,900 , where the EMA 200 (Exponential Moving Average) lies Support . This zone is considered a critical support area because it ...