BTC Price Stagnates Between $117,000 and $121,200 Amid Ongoing U.S.-EU Trade Tensions, Says Bitunix Analyst

According to a recent analysis by Bitunix, ongoing U.S.-EU trade tensions continue to influence global financial markets, including the cryptocurrency sector. Bitcoin (BTC) remains confined within a narrow trading range between $117,000 and $121,200, reflecting cautious investor sentiment amid geopolitical uncertainties. Market participants are closely monitoring this consolidation phase, anticipating a decisive breakout that could set the next directional trend for BTC. The persistent trade disputes underscore the importance of macroeconomic factors in shaping cryptocurrency price dynamics. Traders and institutional investors are advised to consider these external pressures when evaluating BTC’s potential movements, emphasizing the need for strategic risk management in volatile conditions.