Bitcoin can enter a period of side movement after the court’s decision regarding US President Donald Trump’s tariff, but this is not necessarily a declining signal, according to an encryption analyst.
“While the last increase to more than $ 111,000 was noticeable, the current price procedure indicates a stage of monotheism rather than imminent collapse,” said the founder of the Unchance Protocol of Nick Forceter told Cointelgraph.
Bitcoin’s unification will help marketing “Digest Waase”
Forster argued that the standardization stage could be a “healthy stop” before “another important upward movement.” He said this stop will give “the market time to digest recent gains and prepare for the next stage.”
Bitcoin (BTC) has increased by 11.59 % over the past thirty days, reaching the highest new level of $ 111,970 on May 22 before returning to about 105,976 dollars at publication time, According to To CoinmarketCap data.
What may be the next stage is uncertain. Bitcoin Sminston researcher with BTC can acquire 100 % to 200 %, with the peak of the course between $ 220,000 and $ 330,000. Meanwhile, Trader Crypto Apsk32 said that a more logical goal for 2025 will testify that Bitcoin is $ 220,000.
Forster said that the International Court of International Trade on May 28 to prevent Trump’s sweeping tariff, as it exceeded his authority, means that “the immediate interest in inflation caused by trade has been mitigated.”
However, on May 29, the Court of Appeal in the Federal Department ruled that Trump could temporarily continue in the customs tariff system under the Emergency Authority Law, while the Commercial Court’s decision appeals.
Forster added that the interest rate decision in the next United States on June 18 will be “pivotal”.
Q3 may be surprised this year
Forster said that although the third quarter was historically “weaker period” for Bitcoin, it might be a different scenario in 2025.
Forster said: “The capabilities of favorable organizational developments and continuous institutional interests may support stronger performance in the third quarter.”
Since 2013, the average Bitcoin rate was 6.03 % in the third quarter, while the Q4 was historically stronger, as it achieved an average return of 85.42 %, According to To Coinglass data.
Related to: Bitcoin can reach $ 200,000 in 2025 after a “clear” price indication
Forster also referred to a large amount of instant bitcoin flows, which were not reflected in the instant price.
Forster said, “
In the trading week ended on May 23 alone, Spot Bitcoin ETFS recorded a total of $ 2.75 billion in flows.
He added: “This phenomenon can be attributed to the nature of ETF investments, which often includes institutional investors who seek to be exposed without immediate impact on immediate market prices.”
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This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.
