Bitcoin experienced a bounce back on February 3, rising above $100,000 after falling to nearly $90,000 over the weekend. Analysts attributed the price movements to factors such as recent tariff announcements, supply-demand dynamics, and speculative bets being liquidated. The announcement of tariffs on Mexico, Canada, and China by President Trump caused fear among crypto traders and increased uncertainty in traditional markets. However, the 25% tariffs on Mexican imports were paused for the next 30 days, indicating potentially less volatility. Analysts believe that the recovery of bitcoin's price is predictable due to supply and demand dynamics, as more people opt for bitcoin in the face of fiat currency decline. The rebound also indicates a significant supply squeeze, with retail investors capitulating while large players and institutions took the opportunity to accumulate bitcoin. The strong buyer demand and confidence in the broader market outlook suggest potential bullish momentum for bitcoin.



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