Bitcoin’s Wild Ride: Trump Tariffs Spark Chaos in Crypto World! 🚀💥

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In the grand theater of cryptocurrency, where fortunes are made and lost faster than you can say “blockchain,” Bitcoin‘s meteoric ascent met an unexpected foe on Thursday. President Trump, with the flair of a seasoned playwright, reignited the flames of trade war fears, threatening to impose a staggering 50% tariff on the European Union. The market, ever the sensitive soul, recoiled in horror. “Our discussions with them are going nowhere! Therefore, I am recommending a straight 50% Tariff on the European Union, starting on June 1, 2025,” he declared, as if reading from a script of impending doom.

Bitcoin, that capricious creature, plummeted by 4%, reaching a session low of $107,367, before attempting a dramatic comeback, hovering just under the $110,000 mark—a level that now plays the dual role of both support and resistance. Alas, it soon succumbed again, settling at $108,445. This sharp descent obliterated over $300 million in leveraged crypto positions in mere hours, as reported by CoinGlass, with total liquidations exceeding a staggering $500 million. Talk about a plot twist!

The headline sent shockwaves through the market, triggering a knee-jerk selloff across risk assets. U.S. equities opened in the red, with the S&P 500 and Nasdaq dropping 1% and 1.2%, respectively. Bitcoin, often dancing to the tune of high-beta tech stocks, mirrored this swift downward lurch. Altcoins, too, felt the chill, as the Crypto Heat Map vividly illustrated.

This reaction underscores Bitcoin’s delicate sensitivity to the whims of macroeconomic uncertainty, especially during times of heightened leverage and overheated sentiment. Despite recently reaching a new all-time high of $111,800, on-chain data from Glassnode reveals that short-term holders (STHs)—the fast-money crowd—have already pocketed a cool $11.6 billion in profits over the past month. At one point, daily realized profits peaked at a jaw-dropping $747 million. Who knew crypto could be so… profitable?

Such activity hints at a cooling-off period that may be on the horizon.

“The market’s been running hot,” mused Daan Crypto Trades, a prominent analyst. “We’ve got compression breaking here, and Trump just lit the fuse. Now we wait to see where BTC finds its footing.”

While long-term bulls remain steadfast in their confidence, the pressing question looms: can Bitcoin maintain its position above key technical levels to sustain momentum? For now, $110,000 becomes the battlefield.

As geopolitical risks resurface and traders brace for potential retaliatory measures from the EU, crypto’s trademark volatility is once again on full display. Whether this is merely a temporary pullback or the onset of a broader correction will depend on how markets digest the evolving tariff narrative in the days to come.

Still, for those traders pondering which crypto to buy now, or if this is a golden opportunity to snag some Bitcoin, Ari Paul’s recent post suggests that this dip might just be worth the plunge. 🏊‍♂️

Bitcoin Price Predictions for 2025: Analysts Target $135K to $320K

Despite the current dip, the crypto community remains optimistic, forecasting significant upside for Bitcoin. Several analysts have issued bullish price predictions for 2025. Here’s a breakdown of the top expert projections for where BTC could be headed:

Bitcoin Price Target Using Fibonacci Extension: $135K–$140K

Crypto trader Titan of Crypto is confident that Bitcoin could reach $135,000 in 2025, based on Fibonacci extension levels. He notes that the $135K to $140K Bitcoin price zone remains a technically valid target if current bullish momentum holds. Fingers crossed! 🤞

Veteran Analyst Peter Brandt Predicts $125K–$150K by August

Legendary trader Peter Brandt, known for his knack for spotting long-term chart patterns, believes Bitcoin could hit $125,000 to $150,000 by August 2025. While he downplays the significance of BTC setting new highs in bull cycles, he asserts that the market is “on track” for a major top in that range. Sounds like a plan!

Bitcoin to $300K? Gert van Lagen Cites Elliott Wave Theory

Technical analyst Gert van Lagen offers one of the most ambitious Bitcoin forecasts, predicting a surge to $300,000–$320,000. He references a 4-year bullish megaphone pattern breakout, suggesting BTC could rally 170% to 190% more from current prices, driven by Elliott Wave Theory. Now that’s a wave worth riding! 🌊

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2025-05-24 01:33