Bitcoin Faces “Silly Wall,” Potential $130K Breakthrough
- Trump reiterates tariff deadline with possible macro impact on BTC.
- Bitcoin poised for a $120K-$130K move if key level breaks.
- Dogecoin sees optimism amid ETF speculation and developer engagement.
Main Content
Trump’s Tariff Timetable Poses Major Market Implications
Donald Trump emphasized an August tariff deadline amid Bitcoin’s potential price jump to $120,000-$130,000, with the latter contingent upon surpassing a pivotal resistance level.
Analysts foresee Bitcoin’s price surging if it crosses a significant resistance barrier, influenced by Trump’s tariff policy and market conditions.
Donald Trump reiterated the August tariff deadline, potentially impacting macros with implications for risk markets. Bitcoin’s trading around $106,498 has enthused analysts, predicting a push beyond the existing price ceiling.
Bitcoin’s price action depends on breaking a key resistance level. While analysts predict a move to $120,000-$130,000, no major crypto influencers have publicly commented on this anticipation.
“The re-affirmation of the August tariff deadline reflects significant implications for policy that could affect the macroeconomic landscape with potential repercussions for both financial and crypto markets.” — Donald Trump, Former President of the United States
Surpassing Psychological Resistance May Propel Bitcoin Higher
Analysts suggest that surpassing psychological resistance could ignite a significant Bitcoin surge. Long-term bullish sentiment, especially in response to potential macroeconomic shifts, supports a price escalation view.
Financial impacts are twofold: increased institutional interest in Dogecoin with potential ETF approval and ongoing developer activity providing protocol utility enhancements in the crypto space.
Historic Tariff Announcements and Crypto Market Reactions
Historically, major tariff announcements have driven risk-off market pivots, boosting crypto demand. Similar events in 2018 and 2019 also led to volatility and Bitcoin rallies.
Expert analysis suggests Bitcoin could retreat without a clear resistance break, drawing on past patterns where macro uncertainties drive short-lived crypto rallies absent broader adoption signals.
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