President Trump’s Tariff Threats on Russia Shake Markets – Will BTC Price Drop Below $80K?

The BTC price is under pressure as President Trump has vowed to impose tariffs on Russia, potentially escalating economic tensions. This comes as Trump criticizes U.S. reliance on Russian imports and threatens to raise tariffs by 60%. With growing geopolitical uncertainty, the crypto market is reacting sharply, and Bitcoin price prediction models suggest the possibility of increased volatility. Traders are closely watching how global markets respond. As economic policies and trade wars often influence investor sentiment and capital flow into risk assets like BTC.

Trump’s Tariff Threats Could Reshape Bitcoin’s Price Trend

The proposed tariffs on Russian oil could significantly impact global energy prices, which in turn may have consequences for Bitcoin miners. If oil prices rise, mining operations will face higher electricity costs, potentially forcing smaller or less profitable miners to capitulate. This could lead to a sell-off of BTC holdings, adding to the existing bearish pressure on Bitcoin price. Historically, economic uncertainty and trade conflicts have led to market downturns, with investors shifting their funds from volatile assets like BTC to traditional safe-haven investments such as gold and bonds. 

With President Trump’s potential 25% import duty on Russian oil, investors are preparing for more volatility in the BTC price. If market fears persist, Bitcoin could drop below the critical $80,000 mark, breaking key support levels. Despite these concerns, some investors are taking defensive actions. On-chain data reveals that 6,000 BTC has been withdrawn from exchanges, indicating that some traders are opting to hold onto their assets rather than panic-sell.

Bitcoin Price Prediction of March 31st

The BTC price started March 30th on a bullish note, with RSI hitting overbought levels at 1:10 UTC and again at 2:20 UTC, confirming strong buying momentum. However, a death cross at 3:30 UTC signaled the start of a bearish phase. A golden cross at 6:40 UTC hinted at a potential recovery, pushing Bitcoin towards $83,533.05, where it faced strong resistance. Bears regained control with a death cross at 15:00 UTC, initiating a downward channel. The price struggled, with minor recoveries at 17:00 UTC and 22:05 UTC, but the bearish momentum persisted. 

Chart 1, analyzed by ShwetaCW, published on TradingView, March 31, 2025

On March 31st, another death cross at 00:15 UTC pushed BTC into an oversold condition at 00:40 UTC, with support found at $81,797.9. A golden cross at 1:10 UTC sparked a recovery, and by 4:30 UTC, another golden cross further fueled the upward push. According to the Bitcoin price prediction, if bulls maintain control, BTC could break the $83,533.05 resistance and aim for $84,000 or higher. However, if bears take over, a support breakdown at $81,279.79 could trigger a move to $80,000 or more. Traders should watch for further MACD and RSI signals to gauge market direction.

Bitcoin’s Future Amid Tariff Uncertainty

President Trump latest tariff threats on Russian oil have created uncertainty in the market, with investors closely watching for potential fallout. Rising energy costs could strain BTC miners leading to sell-offs that may drive the BTC price lower. Additionally, economic instability has historically caused traders to shift toward safer assets, adding more bearish pressure to the market. If uncertainty persists, Bitcoin price prediction suggests it could drop below $80,000. However, if bullish sentiment prevails, it may break above $83,533.05, signaling a recovery.