Bitcoin Holds Fast as Markets Trend Bearish
Bitcoin looks like it has stalled, but investors should take hope that it has not lost ground even with new tariffs appearing.
Quick overview
- Bitcoin (BTC) has seen minimal movement, increasing only 0.09% to a value of $108,778 amid tariff fears.
- The cryptocurrency remains close to its all-time high, but concerns over tariffs and inflation are hindering its growth.
- Analysts are adjusting their price predictions, with a more conservative estimate of $125K by the end of the year.
- Bitcoin is facing strong resistance around $110K, but potential tariff reductions and interest rate cuts could help it break through.
Live BTC/USD Chart
Bitcoin (BTC) has barely moved since Monday, adding just 0.09% to its total and is now valued at $108,778 (BTC/USD) at the time of writing, with stagnation due to mounting tariff fears.
As investors reign in their wallets for fear of new tariffs that President Donald Trump is unleashing this week, Bitcoin movement has stagnated. The good news for investors is that it has not dropped but has slightly ticked upward.
BTC/USDBitcoin is still very close to its all-time high, which is promising for investors expecting it to break further records this year. The coin is being held back by renewed tariffs fears as well as tougher than expected inflation but has been bolstered by an elevated stock market and the promise of further interest rate cuts this year.
Has Bitcoin’s Price Stalled?
It may appear that Bitcoin is going nowhere, with the crypto token unable to break $111,000. It is true that Bitcoin has not been able to set a new record high in two months, turning many Bitcoin price predictions on their head and upsetting analysts who were sure that the coin would shoot up during the summer months.
It seems evident at this point in the year that the predictions of $200K for Bitcoin by the end of 2025 are far too high, and even price predictions that called for the coin to achieve a value of $150K may be far from the mark. A more conservative price point of $125K by the end of the year seems more likely.
The question of Bitcoin’s stalling is a tough one, as the coin has ranged between $100K and $111K for months now. There has not been a lot of major price fluctuation in Bitcoin in that period, but that is not necessarily a bad thing. It shows us that Bitcoin has a strong foundation to grow from and that it is unlikely to slip too far even when economic conditions are poor. When the stock market dips as a result of negative economic factors, Bitcoin is often falling too but not by as much.
That has been the case for months now, and it demonstrates Bitcoin’s high support level above $100K. Investors can take confidence knowing that BTC will likely not drop very far when something goes wrong, but does it have the potential to break out of its current range and set a new record high anytime soon?
BTC is definitely facing strong resistance around $110K and has had trouble moving past that mark. If Donald Trump extends the 90-day pause on tariffs even further or several major U.S trade partners agree to lower tariffs, then Bitcoin could shoot past its current level and set a new record. Investors should also look out for an incoming interest rate cut from the Federal Reserve that could help Bitcoin set a record as well.
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