Should We Buy the Plummet of (BTC) in Bitcoin? Or Has It Ended Before the Bull Started? Expert Name Explained!

As the trade war between the US and China escalates day by day, Donald Trump announced yesterday that starting from noon on April 9, 2025, they will impose a 104% tariff on Chinese goods.

China has launched a counterattack, describing the actions of the USA as "unilateralism" and "economic bullying."

At this point, China announced that it would impose a customs duty of 84% on all imports from the United States starting from April 10, 2025.

Increasing tariff tensions between the U.S. and China are negatively impacting Bitcoin*** and cryptocurrencies. Because the mutual moves of Trump and China cause sudden declines in BTC.

Due to the macroeconomic uncertainty created by tariffs, the short-term price movement of Bitcoin remains uncertain, while former BBC reporter and cryptocurrency investor Glen Goodman shared his thoughts on whether investors should consider buying after the recent crash.

Speaking to CoinDesk, Goodman said it doesn't make sense to buy during sudden and sharp drops.

Do Not Try to Catch the Falling Knife!

Goodman likened the current situation in Bitcoin to catching a falling knife, stating that buying the dip means attempting to catch a falling knife.

At this point, Glen said that trying to buy the dip can be risky because it could lead to losses when prices fall suddenly and quickly.

Glen also suggested that investors wait for the market to stabilize before making purchases in Bitcoin and taking any positions.

Glen warned that the recoveries occurring in the current market environment could potentially be a "bull trap" and stated that it would be more sensible to wait for the market to stabilize rather than jumping in during a bull trap.

It's Still Early!

As discussions about the onset of a bear market increase after the recent drops, Goodman also shared his thoughts on the matter.

Goodman stated that it is still too early to determine whether the bull market in Bitcoin and cryptocurrencies has ended, noting that Bitcoin's upward trend has been strong since 2023.

However, according to Goodman, the recent decline raised questions about whether the upward trend would continue. Glen stated that the bull-bear situation in Bitcoin could be assessed with more clarity in the coming days.