The ongoing loop of tariff uncertainty from US President Donald Trump is the most important risk for those who bet big in Bitcoin over the next two months, warned by a crypto analyst.
“The biggest threat to the Bulls today is unchanged over the next two months, and we only remain trapped in this cycle of endless tariff ultimatums,” Swyftx lead analyst Pav Hundal told Cointelegraph.
US policy manufacturers waiting for “hard data”
Hundal said there is a risk that US policies will delay financial prevention until they get “hard data” on the impact of Trump’s tariffs, which risk a “slowing growth.”
On May 7, the Federal Reserve setting setting committee will hold rates stable at 4.25% to 4.50% range due to rising risks of higher unemployment and higher inflation.
Hundal said if uncertainty remains, it will give shadow to the risk markets.
“If the bears have their ‘I told you’ for a moment, you can see Bitcoin falling below $ 100,000,” Hundal said.
When Trump first raised the issue of tariffs in early February, Bitcoin (Btc) dropped below $ 100,000 and remained a change of mind due to decisions around trading policy, pause and announcements. It remained under that level for more than three months to May 8.
The US Court of International Trade That trump is from imposing his tariffs On May 28, he was focused on overstepped by his authority. However, Trump Recently Foreign steel and aluminum tariffs are double at 50%.
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Hundal said uncertainty could be dangerous to reach the target of inflation this year. “Six months ago, a 2% target inflation was possible; today, it is under a longer threat from tariffs,” he said. “The US is in a Macro Crossroads.”
“The Fed is walking a tightness now.”
Ending tariffs can see a new bitcoin high
Hundal said the best case of the scenario was an end to “Tariff Saber Rattling” as it would create a “Glide Path” for Bitcoin reached $ 120,000 in June.
Earlier, Bitfinex analysts Cointelegraph said that bitcoin New all-time highs could advance more than $ 115,000 in July if the institutional purchase continued and the US job data would be “weaker than expected.”
Analysts said a “softer-than-expect” report could boost the “disinflation narrative” and encourage the Federal Reserve to consider reducing interest rates, which would be bullish for Bitcoin.
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