Bitcoin and Altcoins Surge Following Trump’s Tariff Announcement
After Trump's decision to delay tariffs on some countries for 90 days, Bitcoin (BTC) surged by 8.4% to $83,321, while Ethereum (ETH) rose 14%, and XRP increased by 15%.
China's tariffs were increased to 125%, but tariffs on other countries were delayed for 90 days.
The announcement sparked a rally in digital assets, with Bitcoin maintaining a falling wedge pattern and continuing to rise.
Bitcoin Price Outlook
Current Support Levels: Bitcoin is testing the $65,000–$71,000 range.
Bullish Scenario: If Bitcoin breaks the falling wedge upper boundary, it could reach $100K.
Bearish Risk: Failure to break through could lead to a downturn.
On-Chain Data: A successful rebound could significantly increase the likelihood of Bitcoin reaching $100K.
