Bitcoin (BTC) Braces for Impact as Trump Tariff Chaos Threatens Price Rally
Bitcoin's bull run hits a wall of uncertainty—thanks to Washington's favorite pastime: economic unpredictability.
Tariff tremors rattle crypto
The orange coin's price action stalls as traders weigh the fallout of potential Trump-era trade wars. Liquidity pools dry up faster than a Wall Streeter's empathy when retail investors lose money.
Market makers play wait-and-see
OTC desks report muted activity while futures open interest flatlines—everyone's hedging against political risk instead of chasing ATHs. Meanwhile, Bitcoin maximalists remind us this is why we 'HODL through storms.'
Closing shot: If history repeats, BTC will moon right after mainstream media declares it dead (again). The only certainty? Traders will blame tariffs whether they're the cause or not.
More turmoil in US trade deals
On Monday all seemed fairly serene as far as the long-running saga of US trade deals goes. However, US President Donald TRUMP put the cat back among the pigeons by announcing that any country that sided with the BRICS nations in deals that were “anti American”, would be hit by a 10% additional tariff.
Not content with this, the US president also put allies Japan and S. Korea in the crosshairs, threatening a 25% levy on both, to come into force on 1 August.
In the face of these impending tariffs, it might have been expected that the Asian stock market WOULD be feeling the pressure. However, the opposite has been true. The Hang Seng Index is up more than 1% in overnight trading.
Another fakeout narrowly avoided
Source: TradingView
In the midst of yet more tariff uncertainty, the 4-hour chart for $BTC shows that another fakeout has been narrowly avoided. The price was able to cling to the upper trendline of the bull flag without a candle body opening below. It seems that the price may just continue to roll along the top of the trendline until such time as the bulls are good and ready to send it skyward.
SMAs on the daily are in order ready for upside move
Source: TradingView
The daily chart is shown with the simple moving averages (SMA). This illustrates that the 50 SMA (blue), 100 SMA (green), and the 200 SMA (red) are now in order. All three of these SMAs should now begin to angle upward, following the price as soon as it starts surging.
At the bottom of the chart, the Stochastic RSI on this time frame has the indicators angled downward. If the price continues to MOVE sideways for a few more days, the indicator lines can drop to the bottom and then tick back up, signalling upside price momentum for $BTC’s next rise.
Weekly chart shows $BTC ready for lift-off
Source: TradingView
The weekly chart reveals that the $BTC price is just about ready to head higher. The breakout of the bull flag has happened, the confirmation has been made, and now it is just a matter of time. The indicator lines have crossed back up on the Stochastic RSI. What are the bulls waiting for?
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
