BTC Faces Critical Test at 110,000 Amid US Plans for 50% Copper Tariff, Says Bitunix Analyst

Bitunix analysts report that the United States is set to implement a 50% tariff on copper, a move that could significantly impact global commodity markets. This development introduces volatility in supply chains, which is indirectly influencing the cryptocurrency sector, particularly Bitcoin (BTC). Currently, BTC is navigating a short-term supply and demand dynamic, reflecting broader market uncertainties. Investors should closely monitor BTC’s price action around the critical 110,000 resistance level, as a decisive breakout could signal a shift in market momentum. This tariff announcement underscores the interconnectedness of traditional commodities and digital assets, emphasizing the need for strategic portfolio adjustments in response to evolving macroeconomic policies.