Bitcoin Falls Below $107.5K as Trump’s EU Tariff Alert Sparks Market Sell-Off

Bitcoin experienced increased selling pressure following former President Trump’s announcement of potential new tariffs on the European Union, causing the price to dip beneath key support levels and triggering heightened volatility around $107,000.

The cryptocurrency faces strong resistance near $108,300, established on significant volume, while buyers are defending a support range between $106,700 and $107,000.

Between 13:06 and 13:36, Bitcoin saw a rapid climb from $107,373 to $107,671, but this rally was short-lived as the price quickly reversed course.

Currently, Bitcoin is trading within a consolidation zone, squeezed between two major fair value gaps that will likely determine its next directional move.

If the bulls can reclaim the $109,000 to $110,000 region, Bitcoin might push higher toward resistance levels above $112,000. Conversely, a sustained break below $107,000 could expose liquidity at around $106,000.

Technical Overview:

• The sell-off accelerated late on May 24th, with heavy volume trading of 16,335 BTC, creating a robust resistance near $108,300.
• Buyers stepped in during early trading hours on May 25th, supporting prices in the $106,700 to $107,000 range, but price action remains largely sideways near $107,500.
• The current pattern indicates a short-term bearish trend, with further consolidation expected before any decisive breakout.
• A spike in volume accompanied a nearly $150 price jump at 13:35, setting temporary resistance at $107,630.
• Support was observed near $107,400 late in the trading period, but overall the market continues to digest the correction from the recent peak at $109,239.