#TrumpTariffs End of tariffs could see new Bitcoin high

Hundal said the best-case scenario is an end to the “tariff sabre rattling” as that will create a “glide path” for Bitcoin to reach $120,000 in June.

Earlier, Bitfinex analysts told Cointelegraph that Bitcoin may surge to new all-time highs above $115,000 in July if institutional buying continues and US job data is “weaker-than-expected.”

The analysts said a “softer-than-expected” report could reinforce the “disinflation narrative” and encourage the Federal Reserve to consider reducing interest rates sooner, which would be bullish for Bitcoin.