Crypto is feeling the heat again—with traders bracing for Trump’s so-called “Liberation Day” tariffs, kicking in midweek. While Bitcoin ticked up slightly on Tuesday, the mood? Still pretty shaky.

BuyUcoin CEO Shivam Thakral says investors are clearly spooked.

“There’s growing uncertainty thanks to the ongoing trade war,” he told Cryptonews. “With BTC below $85K, many are turning back to traditional assets for safety.”

BTC Fills CME Gap—but Bulls Still Hesitant

Bitcoin just closed its CME gap between $83K and $84K—a move traders often watch for trend reversals. But momentum hasn’t followed through.

BTC is now under its 200-day moving average, and daily liquidations are still soft—under $250 million. If Trump’s tariffs hit harder than expected, we could see BTC tumble to $79K—or even $73K if panic kicks in.

Market positions are split right down the middle. Volume’s low. Fear & Greed Index? Still flashing “fear.”

That said, Arthur Hayes is calling the bottom.

“If I’m right about the Fed pivoting back to easing, then $76,500 was the low,” he wrote. “$250K BTC by year-end is still on the table.”

10X Research Still Sees a Drop Coming

Research firm 10X hasn’t changed its tone. Back in March, they flagged that January’s retail-fueled rally—especially in meme coins—could have marked a short-term top.

No new catalyst? Then BTC might retest $73K soon.

Short-Term Outlook: Tariffs Could Hurt, But Long-Term Still Bullish

CoinShares’ James Butterfill thinks Bitcoin could feel some pressure as the tariffs roll out.

“Bitcoin’s not like gold—it moves with broader economic trends,” he said.

A combo of high inflation and slow growth could drag prices. But long term? He’s confident Bitcoin will outperform stocks, especially once rate hikes hit a wall.