There are signs that the Bitcoin bottom is in, following a local downward trend that has been active since 20 January this year. In that time the $BTC price lost as much as $32,000, equating to around 30% of its overall value. Is Bitcoin about to start clawing its way back to the all-time high?

U.S. trade tariffs about to take effect 

Wednesday 2 April is dubbed “Liberation Day” by U.S. President Donald Trump. This is the day when the U.S. announces its plan for reciprocal tariffs on all countries that have standing tariffs imposed on U.S. goods, with an emphasis on countries with which the US has large trade imbalances.

Not content with this, the U.S. will also impose a 25% tariff on all imported cars and auto parts that enter the country. This takes effect on 3 April. 

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