Bitcoin may reach a record-high price as soon as this week. All eyes will be on the United States trade tariff deadline, Wednesday. This could unleash risk appetite along with an imminent “Crypto Week” In the capital city.
“Bitcoin is likely to set a new all-time high this week or next,” Markus Thielen told Cointelegraph, Monday, that he is the head of 10x Research.
He also added the post-July 4-th seasonality “tends to be bullish, and markets have largely shrugged off tariff-related risks.”
US citizens have until July 9 to end the 90-day period of pause. reciprocal tariffs ends.
“If the US postpones the tariffs again, markets might interpret this as a reluctance to implement them, and it will support risk appetite,” UBS Global Wealth Management analyst said in a report. according The Wall Street Journal
“Bitcoin looks to be setting up for an upside breakout,” concurred John Bollinger is the inventor of Bollinger Bands, a technical trading indicator. He was inducted into the Order Book on Sunday.
BitcoinBTCPrices briefly topped $109 500 on trading Monday, only 2% from the all-time May 22 high.
A volatile week ahead
“It will likely be a volatile week,” Henrik Andersson is the chief investment officer at Apollo Capital, according to Cointelegraph.
“We do believe there is a good chance that the US will sign a framework agreement with the EU this week,” He added.
Andersson mentioned Elon Musk as well. mentioned Bitcoin On X “as it seems like he is warming up to the asset again.”
“Any downside volatility this week could be a good buying opportunity ahead of next week, which has been designated as ‘Crypto Week” [Washington] DC” he said.
Already, markets have begun to rally
Jeff Mei is the chief operating officer of the BTSE. He said that traders were concerned with volatility in the run-up to the tariff deadline on July 9.
However, “it looks like markets are rallying after it was revealed countries will have more time to negotiate before tariffs take effect at the beginning of August,” He added, he said to Cointelegraph. “If we see good numbers on Tuesday, then it’s likely that markets will continue to rally.”
The crypto market capitalization has risen by more than $50 Billion in the last 24 hours, following a fairly flat weekend. according CoinGecko is a free online game.
Altcoin Season Potential
Nick Ruck of LVRG Research told Cointelegraph: “Trading may be a risky business.” “look to altcoins for upside potential as the second half of this year is anticipated for higher volatility and surges in digital asset prices.”
“We expect Bitcoin may enter a new price discovery zone once it surpasses its all-time high,”
Eugene Cheung, chief commercial officer at digital assets platform OSL, told Cointelegraph, “We’re optimistic that more investors will look to Bitcoin and Ethereum to escape macro volatility and potential inflation increases as the Fed signals high potential to cut interest rates this year.”
Related: Dogecoin set for rebound? Ripple eyes US banking license: Hodler’s Digest
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Source: cointelegraph.com
