Bitcoin Struggles to Surpass $100,000 as Trump Tariffs Loom

As the crypto market grapples with the uncertainty of Trump's impending tariffs, Bitcoin (BTC) is finding it challenging to break through the $100,000 resistance level. The market sentiment, as indicated by the Fear and Greed Index, is currently bearish, with a score of 39. This suggests that investors are feeling fearful and hesitant to make significant purchases.



The recent price history of Bitcoin shows that it has the potential to surpass resistance levels, including the $100,000 mark. In January 2025, Bitcoin reached an all-time high (ATH) of over $109,000 before correcting and testing the $100,000 resistance level again. However, the current market conditions and geopolitical events, such as Trump's tariffs, may be hindering Bitcoin's ability to break through this level.



Trump's new tariffs, including a 25% import tax on key metals, have sparked significant market uncertainty and could have a substantial impact on the global economy. The tariffs are expected to have several negative impacts, including potential contraction in global trade, higher inflation as companies pass increased costs to consumers, possible job losses and supply chain disruptions, and strengthening of the U.S. dollar and gold prices. These factors could potentially affect Bitcoin's price, as high inflation and economic uncertainty can lead to a decrease in demand for riskier assets like cryptocurrencies.

As the crypto market awaits the details of Trump's tariffs, investors are left to speculate on the potential impact on Bitcoin's price. While Bitcoin has shown resilience in the past, the current market sentiment and geopolitical events may pose challenges to its ability to surpass the $100,000 resistance level. As always, it is essential to stay informed and monitor the market closely to make well-informed investment decisions.