According to Odaily, Swyftx's Chief Analyst Pav Hundal says that U.S. President Donald Trump’s continued threats to raise tariffs could hurt Bitcoin prices over the next two months. He thinks U.S. leaders might wait for clear economic data before lowering interest rates, which could slow down growth and weaken investor confidence.
Earlier, Bitcoin dropped below \$100,000 and stayed unstable for about three months because of trade policy worries. Even though a U.S. trade court ruled on May 28 that Trump’s previous tariffs were invalid, he recently chose to raise tariffs on foreign steel and aluminum to 50%.
Hundal says if these tariff issues are cleared up, Bitcoin might rise to \$120,000 in June.
