The post Bitcoin Price Crashes to $106,750 – Key Levels Watch as Trump Revives Tariff War appeared on BitcoinEthereumNews.com.

Bitcoin (BTC) crashed 4.5% in 24 hours, crashing below $110,000 after President Trump threatened the EU with 50% tariffs. The sell-off began before Friday’s market open and accelerated during the New York session. This sudden crash in response to Trump’s tariff announcement wiped out $638 million in leveraged positions, according to CoinGlass data. During Friday’s briefing, Trump said that he is “not going to make a deal with the EU.” However, if the European Union builds factories in the United States, Trump said he might “consider delaying duties.” This move by the United States president has sparked concerns of a potential trade war revival.  CoinGape data shows BTC trades at $107,739 at press time, with an attempt to recover recent losses in the early Asian session bounce. Here’s what traders should watch next. Key Bitcoin Price Levels to Watch The Time Price Opportunity Chart for Bitcoin shows Friday’s crash knocked the crypto down to retest $106,764 – a key naked Point of Control (nPOC) level. The aforementioned support was created on May 21, where Bitcoin price saw a stark rise in demand, catalyzing a 4.80% rally to a new all-time high of $111,866.  A naked Point of Control is an untested, high-volume level at which massive demand previously catalyzed the underlying asset to soar higher. At press time, the selling pressure is stabilizing at $106,764, with BTC bouncing 1.15%. Regardless, TPO chart notes three other key levels to watch: Support: If the sell-off continues, then the poor lows at $106,017 are the next pivotal point that investors should pay close attention to. These levels often trigger reversal due to overextended sellers. Poor lows are levels where the price has created equal lows or a double bottom. A sweep of such levels often triggers a sharp reversal.  Resistance: In case of…

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Filed under: News - @ May 24, 2025 8:17 am