Bitcoin is rising as US President Donald Trump halts his aggressive tariff plans for US trading partners.
This Bitcoin price prediction explores the potential ramifications of the latest tariff news on Bitcoin and what that could also mean for the promising meme coin, BTC Bull Token.
Trump Prepared to Talk Business
Trump has put the gloves down and is ready to talk business. Approximately 24 hours after a wave of tariffs took effect, which saw key trading partners such as Vietnam slapped with huge levies – some over 40% % – Trump has backtracked.
The US President has rolled down tariffs to 10% for all countries except China, which will see its tariffs raised to 125%, “effective immediately.”
This buys time for nations to agree new, more favorable trade deals, which will be mutually beneficial compared to if the US held firm with its heightened levies.
Financial markets have received an enormous windfall. The S&P 500 index rose 9.5% yesterday, one of its biggest days since World War 2. The crypto market gained 5.5%, and even China’s SHCOMP gained 0.93%.
Traders understand that Trump’s willingness to talk is exactly what’s needed right now.
However, it shouldn’t go amiss that Trump is known for his excellent negotiation skills; he even published a book called Trump: The Art of the Deal in 1987.
Crypto analyst Max Schwartzman said the tariffs were a masterful display of Trump’s negotiating abilities.
While many experts believed Trump’s tariffs would stifle international commerce, Schwartzman speculated that Trump used them to boost free trade.
“This whole time, what he REALLY wanted was 0% tariff-free trade between the US & other nations. This would lower the cost of goods while increasing the bottom line for small, medium & large US-based companies. Everyone is immediately better off,” he wrote.
Indeed, the S&P 500’s performance indicates that the market is now catching wind of this plan, which will strengthen the US economy. And in doing so, it’ll greatly benefit Bitcoin.
This is not only because Bitcoin often follows the performance of US equities, but also because the US government recently created its Strategic Bitcoin Reserve. A stronger economy gives the US more leverage to build this reserve, increasing buying pressure in the Bitcoin market.
What Does This Mean For $BTC Price?
Another macroeconomic consideration is that the United States Federal Reserve is expected to implement multiple interest rate cuts this year, which would force liquidity in risk-off assets into risk-on markets, benefitting cryptocurrency prices.
So, with macroeconomics aligning for Bitcoin price growth, let’s look at what its price chart indicates:
Analyst Merlijn the Trader notes that Bitcoin is trading inside a falling wedge pattern, which typically signifies that a bullish reversal is coming.
The analyst says that $100K “isn’t off the table,” and his price chart indicates that this could occur within the next six weeks.
Meanwhile, Crypto Ceasar notes that Bitcoin is bouncing from a key area of interest, which could provide momentum for a stronger rally through the coming weeks. According to the analyst, Bitcoin’s next two key levels are $86K and $100K.
Should Bitcoin begin breaking key resistance levels and rising to $100K, this would inject massive confidence back into the market and allow altcoins to soar as well.
One of the most promising right now is BTC Bull Token, which is tipped for a 10x gain this year.
BTC Bull Token Backed to 10X as Prices Rally
BTC Bull Token is a Bitcoin-themed meme coin that is going viral right now. But it’s not just going viral for its jokes or artwork; the project is making a name for itself as the first cryptocurrency to pay real Bitcoin rewards.
It’s coded to automatically airdrop users $BTC and $BTCBULL at key milestones on Bitcoin’s journey to $1 million, starting when it hits $100K.
BTC Bull Token is making passive Bitcoin yield easy, and holders also have price exposure to a high-growth-potential meme coin. It’s an exciting setup.
As to how high BTC Bull Token could rise, prominent analyst RJ from 99Bitcoins says the project could give 10x gains.
One of the factors he notes, in addition to its memetics and airdrop rewards, is that there will also be token burns based on Bitcoin price milestones. The first will be at $125K, and then every $50K increase afterward.
This makes $BTCBULL deflationary, which increases scarcity and the potential for price growth.
With Trump’s tariff initiative seemingly cooling down, crypto once again stands as an opportune asset class.
But while traders are looking to approximately 20% gains for Bitcoin, BTC Bull Token will well outpace that if RJs predictions prove accurate.
This article is for informational purposes only and does not provide financial advice. Cryptocurrencies are highly volatile, and the market can be unpredictable. Always perform thorough research before making any cryptocurrency-related decisions.