As the hour approaches for Trump to announce tariffs, the cryptocurrency market is abuzz with speculation.
With Bitcoin’s price hovering at $86,400 after reaching $87,333, what predictions do experts have for the market? Analysts are sharing their insights into how these tariff announcements might impact Bitcoin
$ 86,601 and the broader cryptocurrency landscape.
Jelle’s Bitcoin Forecast
Analyst Jelle expresses cautious optimism, noting a recovery to the $84,000 support level. While the uncertainty surrounding the tariffs has left altcoins in a state of hesitation, the market may stabilize following forthcoming retaliation announcements within the next 48 hours. Jelle recently shared a chart to illustrate his forecast.
“Bitcoin has turned $84,000 into support and is rising before the clarity of Trump’s Tariffs. The structure looks better and better – reaching the $90,000 zone seems imminent, and I believe it’s just a matter of time before we return to six-figure prices,” Jelle states.
Insights from Bob Loukas and DaanCrypto
Bob Loukas believes the moment has come to reassess the market. The first quarter saw unusual losses in the cryptocurrency sector, but clarity on tariff stories is now expected to emerge. He outlines his targets in case of a downturn.
“Bitcoin should still possess early cycle upward momentum, though it seems weakened by stock market pressure. It is now free to challenge $90,000 and beyond. I consider $81,000 a crucial support level; falling below that could indicate potential declines to $73,000 and $66,000,” Loukas mentions.
DaanCrypto shares insights on market dominance and attempts to explain the prevailing trends. He notes that altcoin performance has suffered significantly due to dilution and emphasizes the need for Ethereum
$ 1,902 to regain momentum for broader altcoin success.
“For altcoins to regain dominance against Bitcoin and stablecoins, Ethereum must gain some momentum against BTC. I’ve said this before and will continue to say it: Without Ethereum, there is no broader altcoin success. Most coins are built upon it, and many liquidity pools are denominated in ETH,” DaanCrypto states.