based on materials from the site - By BH NEWS
Anticipating the upcoming week, cryptocurrency enthusiasts studying charts are full of optimism. Despite negative market events, Bitcoin's resilience has paved the way for altcoin prosperity. The focus now shifts to expert forecasts for Monday and the analysis of continued growth amid risks.
Will the price of Bitcoin hold?
Currently, the price of Bitcoin has reached $118,500, hitting a daily high of $118,636. Despite the recent notification from the EU regarding tariffs, market participants seem unperturbed. History shows that similar events in April and early July led to significant market losses. However, recent trends suggest a change in reaction.
Typical boring weekend. BTC is hovering around the CME closing price on Friday. As the opening of futures approaches on Monday, I expect volatility to rise again in a few hours. This week, I will be watching whether BTC and ETH can maintain their recent breakout and the implications of the 30% tariffs from the EU and Mexico. These tariffs are higher than those imposed on Independence Day, but since all other tariffs have been reduced or postponed, the market is largely ignoring them.
How have markets developed immunity?
The situation resembles the end of tensions with Iran, when markets ignored threats, anticipating a settlement that would provoke a bullish trend even before a truce was reached. This experience shows that tariffs have lost their initial significance.
January: President Trump promises to announce tariffs immediately.
February: Insists that tariffs are not subject to negotiation unless others lower theirs.
A few days later, a three-month delay was granted.
By June, an ultimatum was issued requiring immediate implementation in July.
However, the deadline was extended to August 1.
This contradictory picture of signals from the US administration, especially regarding the EU, Canada, China, and Mexico, has caused skepticism. Markets anticipate a similar scenario in August, as the predictability of such threats undermines trust in them.
As a result, the cryptocurrency market largely ignores these tariff threats, relying on their growing resilience and relative stability.
#MarketRebound , #Сryptomarketnews
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