Bitcoin experienced a decline early on Friday as President Donald Trump expressed uncertainty regarding the high tariffs he suggested for China last week.
As the weekend approaches, analysts advise investors to keep an eye on the $103,000 price point, according to Decrypt.
Currently, Bitcoin is trading at $106,953, reflecting an approximate 11% decrease compared to its value from a week ago and nearly 8% lower than it was a month prior, based on data from crypto price aggregator CoinGecko.
The well-known analyst JA_Maartun from CryptoQuant informed Decrypt that the declining prices have unsettled short-term holders who purchased BTC around $113,000. Short-term holders are defined as wallets that have held Bitcoin for less than 155 days.
“The realized price for [short-term holders] provided support for quite some time but ultimately broke after being tested five times,” he explained. “This breakdown has led to increased selling pressure compounded by Coinbase’s actions where the premium gap has shifted.”
It’s important to clarify that he does not attribute Bitcoin’s losses solely to Coinbase. The term “Coinbase premium” refers to instances when Bitcoin’s price on this San Francisco-based exchange is slightly higher than that of international competitors like Binance.
This situation typically indicates strong demand in the U.S. market for Bitcoin; however, when it turns negative—as noted by JA_Maartun—it suggests either U.S. traders are offloading their holdings or there is diminished demand for BTC.
The analyst highlighted his focus on the $103,000 mark since it’s about 10% below where short-term holders realized their profits and has historically served as crucial support during previous bull runs in 2025.
Source: JA_Maartun
A prediction market called Myriad—owned by DASTAN which also owns Decrypt, indicates users believe there’s a higher likelihood of Bitcoin dropping down to $100,000 before it manages to recover back up towards $120,000. As of Friday morning’s data collection period, approximately 65.8% of participants expect it will fall first before rebounding again.
“With Bitcoin having broken below its recent consolidation range between $110K-$108K,” stated Julio Morena from CryptoQuant in conversation with Decrypt, “we are now observing $100K as our next critical support level.” He elaborated that this threshold represents traders’ lower band realized prices and has acted as significant support throughout this bullish cycle.”
Additonally he mentioned maintaining above the six-figure mark signifies “an essential psychological barrier.”
This comes amid indications suggesting trade tensions may be beginning to ease off somewhat.
“It’s not sustainable,” Trump remarked during an interview with Fox Business, discussing his proposed tariff rate against China set at an aggressive level last week. “But that’s what we’re looking at; it’s probably not going forward.” He confirmed plans for discussions with Chinese President Xi Jinping later this month while visiting South Korea.
PRESIDENT TRUMP ON TARIFFS:>TARIFFS RATE HE PROPOSED LAST WEEK LED TO LIQUIDATION OF MORE THAN AS TRADE TROUBLES FADE AWAY THOUGH GROWING CONCERNS REGARDING CREDIT RISK AMONG US REGIONAL BANKS HAVE ARISEN.“I PROBABLY SHOULDN’T SAY THIS BUT WHEN YOU SEE ONE COCKROACH THERE ARE LIKELY OTHERS OUT THERE TOO,” HE SAID ON TUESDAY.THE RESULTANT UNEASE AMONG TRADERS HAS LEFT EQUITIES AND CRYPTO MARKETS IN A STATE OF DECLINE AS MAJOR STOCK INDICES OPENED LOWER WHILE NASDAQ CONTINUES TO STRUGGLE AS PER CURRENT WRITING ALONGSIDE GLOBAL CRYPTO MARKET CAP WHICH HAS SHRUNK BY ABOUT –2.% REACHING APPROXIMATELY –$3.$66 TRILLION AS FRIDAY MORNING ARRIVES.”<!DOCTYPE html PUBLIC "-//W3C//DTD HTML //EN""