Bitcoin Price Stalls Amid Tariff Concerns as Gold Hits Record $3.1K: Market Analysis and Short-Term Targets

Bitcoin (BTC) encountered a mixed trading day on March 27 as new US trade tariffs and macroeconomic data impacted risk assets. Data from Cointelegraph Markets Pro and TradingView indicated increased BTC price volatility at the Wall Street open. BTC/USD exhibited uncertain trading patterns mirroring US stocks following the second revision of US Q4 GDP exceeding the 2.3% median forecast. Initial jobless claims fell short, potentially signaling a more hawkish financial policy from the Federal Reserve with higher interest rates. Market commentators focused on President Donald Trump’s tariffs on non-US-made cars, adding to concerns over impending tariffs set to start on April 2. The Kobeissi Letter highlighted the UK’s $10 billion auto export market to the US and the potential impact of the tariffs. Gold emerged as the clear winner amidst the news, reaching new all-time highs of $3,059 per ounce on the day, highlighting its growing market cap. Despite the tariff concerns affecting risk assets, some positive outlooks remained for BTC, with traders eyeing a potential climb to $91,000 and even $112,000. Market analysts observed a shift in market structure and speculated on the beginning of a pump in BTC prices. This article emphasizes the importance of conducting individual research before making any investment decisions and does not provide investment advice.

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