Bitcoin price levels to watch as Trump delays EU tariffs

Bitcoin’s price surged above $109,000 on May 25, fueled by President Trump’s decision to postpone a proposed 50% tariff on EU goods until July 9. This delay, following a call with European Commission President Ursula von der Leyen, eased trade tensions and boosted optimism in risk assets, including Bitcoin. The price increase, reaching an intraday high of $110,100, represented a 3.2% rise from the previous day’s low.

This positive development builds on Bitcoin’s recent strong performance. The May 25 close marked the seventh consecutive weekly bullish close, setting the stage for a potential eighth consecutive green week by June 1. Historically, such extended bullish streaks have preceded periods of significant price appreciation, lasting six to twelve months. While a short-term correction is possible, the longer-term outlook remains optimistic.

Key price levels to monitor include the all-time high of $111,900, which Bitcoin must flip into support to continue its upward trajectory. Breaking above the $109,588 to $111,980 resistance zone could propel the price to fresh highs near $130,000. However, support levels exist at $109,000 (weekly close), the $104,500 to $106,000 demand zone, the $102,500 daily support, and the psychological $100,000 mark. A daily close above the previous all-time high of $109,000 is considered crucial for continued upward momentum.

Analysts remain cautiously optimistic. Michael van de Poppe highlighted the importance of Bitcoin maintaining its position above the $105,500 to $107,000 range, suggesting potential for further price increases. The overall sentiment is that a continued hold above key support levels could pave the way for a substantial rally into June, potentially reaching $125,000 or more. However, it’s important to remember that all investment decisions involve risk, and thorough research is essential before making any trading moves.