Bitcoin’s recent rally to $81,180 has been short-lived as the White House confirmed 104% tariffs on China starting April 9, causing the cryptocurrency to drop below $75,000. Traders are now eyeing a key demand zone between $77,000 and $73,400 as a potential support level, established during the November 2024 Trump pump. MN Capital founder Michael van de Poppe emphasized the importance of Bitcoin retesting this zone before a potential upward movement. Analysts like Jelle remain optimistic, expecting the price to move higher once the dust settles. However, onchain analytics suggest that long-term holders of Bitcoin may be preparing to sell their coins, with the Exchange Inflow Coin Days Destroyed (CDD) metric showing increased selling pressure from these holders. Historical data indicates that spikes in this metric have preceded price drops in Bitcoin, raising concerns about a potential sell-off. If history repeats itself, Bitcoin’s price could face further downward pressure, with the $74,000 level acting as an initial support. Investors are advised to conduct their own research and exercise caution when making investment decisions.