Will Trump’s trade war bring an early end to the Bitcoin bull market?
Bitcoin's price dipped sharply below $92,000 on February 3, causing fears among investors about the impact of U.S. President Donald Trump's trade announcements. Market concerns centered on the possibility that Bitcoin had already peaked and was entering a downtrend. Despite this anxiety, Bitcoin rebounded following news of a pause on tariffs against Mexico and Canada, alongside reassurances from Trump’s Crypto Czar, David Sacks. The Fear & Greed Index saw a rise from 44 (fear) to 72 (greed). On-chain data suggests strong demand for Bitcoin, absorbing pullbacks even at high price levels. Historical trends indicate average corrections of about 25% would likely lead to an acceleration in price, with Bitcoin's current bull market yet to experience this. Analysts predict potential peaks for Bitcoin between $160,000 and $250,000 by late 2025, drawing parallels to previous price cycles. Additionally, indicators such as the Relative Strength Index (RSI) and the Pi Cycle Top Prediction suggest a possible market top around September to October 2025, indicating that the current demand and resilience of the market could suggest further gains ahead.
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