Bitcoin Drops Below $107.5K as Trump Tariff Threat Triggers Crypto Sell-Off

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Bitcoin Drops Below $107.5K as Trump Tariff Threat Triggers Crypto Sell-Off

Bitcoin’s recent pullback has established strong volume-based resistance near $108,300, with support forming in the $106,700-$107,000 zone.

The correction accelerated with a notable price surge from $107,373 to $107,671 between 13:06-13:36, followed by a sharp reversal.

Technical analysis suggests Bitcoin is now trading within a compression zone, trapped between two major fair value gaps that will determine the upcoming market direction.

If bulls reclaim the $109K to $110K area, price could push toward resistance beyond $112K, while a break below $107,000 might test liquidity around $106K.

Technical Analysis Breakdown

The decline accelerated during the 22:00-23:00 hour on May 24th with exceptionally high volume (16,335 BTC), establishing a strong volume-based resistance near $108,300.

Support has formed in the $106,700-$107,000 zone where buyers emerged during the 09:00-10:00 ******* on May 25th, though recovery attempts have been modest with price consolidating around $107,500.

The overall technical structure suggests a short-term bearish trend with potential for further consolidation before directional clarity emerges.

Bitcoin experienced significant volatility with a notable price surge from $107,373 to $107,671 between 13:06-13:36, followed by a sharp reversal that saw prices decline to $107,393 by 14:00.

The most substantial price movement occurred during the 13:35 minute candle where BTC jumped nearly $150 with exceptionally high volume (148.76 BTC), establishing temporary resistance around $107,630.

Support formed near $107,400 where buyers emerged during the final minutes of the *******, though the overall technical structure suggests continued consolidation within the broader correction from the $109,239 high.

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#Bitcoin #Drops #107.5K #Trump #Tariff #Threat #Triggers #Crypto #SellOff

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