Analyst: BTC may pull back to $75,000 due to retaliatory tariffs from the EU

ChainCatcher news, according to Cointelegraph, the EU's latest retaliatory tariffs have intensified macroeconomic uncertainty, prompting cryptocurrency analysts to predict that Bitcoin price volatility will increase, potentially falling below the critical support level of $75,000.

On March 12, the European Commission announced that the EU would impose retaliatory tariffs on $28 billion worth of U.S. goods starting in April, in response to President Donald Trump's recent imposition of a 25% tariff on steel and aluminum imports.

Marcin Kazmierczak, co-founder and COO of RedStone, stated: "Retaliatory tariffs are not a positive signal, as they indicate that the other side may rebound again, which could see Bitcoin drop to $75,000. However, given that stablecoins and RWA 'real-world assets' are still at historical highs, the crypto market may also rebound."