Indecisive Bitcoin Investors Wait for Economic News; New BTC Price Prediction
Bitcoin is remaining close to $90K and maty move quickly today after new economic factors take effect.
Quick overview
- Bitcoin (BTC) is currently trading near $90K, showing a slight increase of 0.77% for the day.
- The upcoming jobs report is expected to negatively impact the crypto market, potentially pushing Bitcoin below the $90K mark.
- A Supreme Court ruling on tariffs could either boost Bitcoin significantly or lead to further declines, depending on the outcome.
- Historically, Bitcoin has reacted negatively to tariff announcements, but a repeal could lead to a surge past $100K.
Bitcoin (BTC) is still holding near $90K on Friday morning and may not move much until the latest jobs report is released and the Supreme Court ruling on tariffs takes place.
Now at $90,336 (BTC/USD), Bitcoin is up 0.77% for the day and is stuck just above the $90K resistance level. For months, the coin was unable to pierce that barrier, and now that it is there, investors are behaving indecisively.
BTC/USDThe release of the December jobs report should shift the crypto market and possibly not in a good way. The report is expected to be a negative one, pointing toward a rising unemployment rate and few new jobs added, capping off a sluggish year. 2025 may come out looking like a recession year in terms of jobs added and the overall unemployment rate.
Investors Should Prepare for a Big Swing
Bitcoin is likely going to swing either sharply downward or upward by the end of the day. The jobs report could easily push the coin below $90K, but a tariff decision by the Supreme Court could have the opposite effect. If the Court declares Trump’s tariffs illegal, they will be swiftly removed and could cause an economic boom. That would be great for cryptocurrency and Bitcoin in particular, as it would make the digital asset less risky.
When President Trump enacted his first set of tariffs early in 2025, Bitcoin dipped drastically, along with the rest of the crypto market and the stock market. At the beginning of February 2025, the first tariffs took effect, and Bitcoin fell off, dropping from $104K to $96K.
Through March and April, Trump announced new tariffs, and each time the price of Bitcoin plummeted. The BTC rate fell to a 2025 low of $76,273 in April as a result and took months to recover its losses.
At the time of this writing, Bitcoin has struggled to break above $90K level for months and has only held a price above that level for the past week. If tariffs are repealed, that could mean great things for the cryptocurrency market, and Bitcoin could surge past $100K quickly. Because the coin was held down for so long, investors will be waiting for some reason to jump on board with the coin again, and this potential move from the Supreme Court could be exactly that.
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