Bitcoin (BTC) faces significant risk from US trade tariffs, potentially leading to a drop to $71,000, according to Charles Edwards, the founder of Capriole Investments. Following President Donald Trump’s announcement of reciprocal trade tariffs on April 2, Bitcoin reacted more negatively than US stocks, with BTC/USD falling up to 8.5% compared to the S&P 500 ending the session 0.7% higher. Edwards highlighted the high uncertainty in US business expectations, with the Philadelphia Fed Business Outlook Survey showing levels comparable to previous bear markets. Capriole’s latest market update emphasized the importance of monitoring US macroeconomic developments, with $91,000 being a critical level to watch for Bitcoin’s price trend. The potential for a bounce from the $71,000 zone was also noted in the analysis. Increasing global liquidity, particularly in the US with the Federal Reserve loosening financial policy, could provide support for crypto assets, including Bitcoin. The anticipation of a significant M2 money supply influx has historically led to upside in BTC prices, as indicated by analysts. A potential rebound in Bitcoin’s price by early May was suggested based on historical trends. This analysis serves as an informational piece and does not offer investment advice. Readers are advised to conduct their research before making any financial decisions.