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Cryptocurrency News Articles

Bitcoin Price Prediction: Can $BTC Break $100K Amid Trade War Risks?

Feb 05, 2025 at 03:53 pm

Bitcoin's recent price action has been heavily influenced by geopolitical developments. Over the weekend, former President Trump's announcement of tariffs

Bitcoin Price Prediction: Can $BTC Break $100K Amid Trade War Risks?

Bitcoin’s recent price movements have been closely tied to geopolitical developments. Over the weekend, former President Trump’s announcement of tariffs on Canada, Mexico, and China sent shockwaves through the market, leading to a steep decline in $BTC’s price.

However, the situation stabilized after Mexico agreed to deploy 10,000 troops to the US border to combat illegal immigration and drug flows. This move, coupled with an agreement to delay tariffs, allowed Bitcoin to recover to $99,000.

Despite this rebound, traders should remain vigilant. Trump’s tariff threats against the EU, UK, and other nations could reignite market volatility.

If new tariffs are announced, Bitcoin could face further downward pressure, though any decline may be less severe than the weekend’s crash due to improved liquidity conditions.

From a technical perspective, Bitcoin’s strong rebound from $91,000 suggests that the $90,000 to $110,000 range remains intact. Analysts predict a potential push toward the upper end of this range, especially if trade war fears subside.

The recent liquidation event, while dramatic, echoes past market bottoms where sharp sell-offs were followed by strong recoveries. Historically, such extreme volatility has often marked turning points, paving the way for significant rebounds.

The broader macro environment also remains favorable for Bitcoin. Recent US economic data points to a deflationary trend, which could prompt the Federal Reserve to ease monetary policy later this year. Such a move would likely benefit risk assets like Bitcoin, providing tailwinds for its price.

However, the market is not out of the woods yet. Trump’s abrupt reversal on Mexico tariffs suggests he is using tariffs as leverage to extract concessions from other nations. With no progress on delaying tariffs for Canada and China, and threats looming over the EU and UK, trade war risks remain a major concern.

Traders should keep a close eye on developments, as any escalation could disrupt Bitcoin’s recovery.

Wall Street Pepe ($WEPE): The Best Meme Coin to Buy Now?

While Bitcoin’s volatility dominates headlines, meme coins like Wall Street Pepe ($WEPE) are capturing the attention of investors seeking high-risk, high-reward opportunities.

Combining the viral charm of Pepe the Frog with a Wall Street-inspired theme, $WEPE has already raised over $68.2 million in its presale, showcasing its growing popularity and potential.

These tools provide retail traders with valuable resources, positioning the $WEPE token as more than just a meme coin. It’s a functional investment opportunity with real-world applications.

The project’s rapidly growing community, known as the “WEPE Army,” has been a key driver of its success. With over 43.3K followers on X, the community fosters collaboration, sharing trading insights and strategies to enhance the project’s appeal.

Endorsements from crypto influencers and analysts have further solidified $WEPE’s credibility, while its transparent tokenomics and security audits set it apart from scam coins. Analysts are optimistic about $WEPE’s potential, with some predicting it could become the next big thing in crypto.

For investors looking to diversify beyond Bitcoin, $WEPE offers a compelling mix of viral appeal, utility, and community-driven momentum. As the presale continues to gain steam, now may be the perfect time to explore this promising project before it goes mainstream.

Visit Wall Street Pepe Presale

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Other articles published on Feb 05, 2025