Why is Bitcoin USD dropping today?

Bitcoin USD fell **4.5%** due to President Trump's announcement of 15% tariffs under Section 122 of the Trade Act. The tariff escalation created immediate uncertainty about global trade and economic growth, prompting investors to reduce exposure to volatile assets like Bitcoin USD.

What is the Bitcoin USD price forecast for 2026?

Bitcoin USD is projected at **$98,201.37** for 2026, representing a **+52.1% gain** from current levels. The quarterly forecast shows **$122,324.02**, while the monthly forecast suggests a potential test of **$54,426.81** if selling intensifies.

Is Bitcoin USD oversold right now?

Yes, the RSI at **30.5** indicates oversold conditions, suggesting selling pressure may ease soon. However, the strong ADX at **50.17** confirms the downtrend remains intact, so any bounce could face resistance from broader bearish momentum.

What support levels should Bitcoin USD traders watch?

Key support for Bitcoin USD includes **$64,200**, the **day low of $63,855**, and the **Bollinger Band lower at $56,580**. Resistance sits at **$66,500** and the **day high of $67,656**. Breaking below $64,200 could trigger a test toward $60,000.

Could Bitcoin USD recover from this tariff selloff?

Yes, if tariff negotiations ease or sentiment shifts positive, Bitcoin USD could rally toward **$70,000-$75,000** within days. The oversold RSI and tentative Coinbase Premium recovery suggest a bounce is possible, though the strong downtrend may limit gains.

Crypto Insights

Bitcoin USD Drops 4.5% as Tariff Shock Tests $64,500 Support

ByDanny Kontos February 24, 2026February 24, 2026

Bitcoin USD is trading at $64,576.96 as of February 23, 2026, down 4.5% in the last 24 hours following President Trump’s announcement of 15% tariffs under Section 122 of the Trade Act. The sharp decline has sparked debate among traders about whether Bitcoin USD can hold critical support levels or if further downside awaits. Market data shows volume surged to 964 million, nearly double the average, signaling intense selling pressure. This pullback comes after Bitcoin USD had traded near $67,600 just hours earlier, highlighting the volatility driven by macroeconomic policy shifts. Understanding the technical setup and market dynamics is essential for tracking Bitcoin USD’s next move.