Bitcoin Faces Resistance at $86,000 Amid Tariff Tensions, Analysts Predict $137,000 Surge

Bitcoin has been trading sideways recently, encountering significant resistance in the $86,000–$88,000 range. The price has struggled to gain momentum, recently slipping below the critical 200-day simple moving average (SMA). This lackluster performance comes amidst ongoing tariff tensions, which have rattled global markets.

Despite the current market conditions, several leading crypto analysts have turned their attention to Bitcoin’s potential for a significant breakout. One prominent expert, Titan of Crypto, has predicted that Bitcoin could surge to $137,000 by September, potentially setting a new all-time high. According to Titan, Bitcoin has formed a bullish pennant pattern on the daily chart, a technical formation that typically signals the continuation of an upward trend. This projection comes amid increased optimism following recent developments regarding tariff exemptions.

Data analytics firm has observed a significant uptick in positive sentiment across crypto communities. Researchers noted that there has been an increased level of bullishness pouring in from the crypto crowd, with Bitcoin in particular having a flood of optimistic calls. This represents the highest level of positive commentary since the day before tariffs were announced.

Adding further credence to the bullish outlook, analyst highlighted the resilience of large Bitcoin holders during the current period of macroeconomic uncertainty. Through analysis of whale behavior, the analyst concluded that major investors are maintaining their positions rather than panicking. This suggests that whales currently prefer to hold rather than sell massively and capitulate. Additionally, $100,000 Bitcoin call options have become the most popular position on the derivatives platform, signaling strong institutional belief in further upside.

However, potential obstacles remain on Bitcoin’s path to six figures. Experts have identified a “selling overhang” in the $85,700-$86,000 range, indicating substantial resistance at these levels. Despite these challenges, the overall sentiment remains optimistic, with many analysts predicting a significant price increase for Bitcoin in the coming months.