Analysts: Tariffs have destroyed market trust, and most traders hold a bearish sentiment.

ChainCatcher news, Greeks.live analyst Adam posted on social media stating, "The market generally holds a bearish sentiment, with most traders expecting prices to drop in the coming weeks, primarily influenced by macro concerns centered around Trump’s tariffs. Key price levels include $80,000 as an immediate support level, with bearish targets extending to $40,000, and only a few isolated bullish voices believe it could reach $100,000 within a few months. Traders believe that tariffs have destroyed market confidence, and even if tariffs are lowered before the April 9 deadline, the damage to trade relations has already been done. Gold is viewed as a hedging tool against Bitcoin fluctuation, with some traders using PAXG to maintain portfolio stability in uncertain market conditions."