Bitcoin (BTC) increase? The expiry of the dead for tariffs and Elon Musk
Bitcoin could already reach a new record high this week, because all the eyes are aimed at the cut-off date for the trade tariffs in the USA on July 9, which together with the upcoming “crypto week” in the country's capital could arouse risk.
“Bitcoin will probably reach this or next week a new all -time high,” Markus Thielen, head of the 10x Research research department, told CoinTelegraph on Monday.
He added that the mood after July 4th is “tend to be bullish and the markets have largely shaken up the customs -related risks.”
July 9th is the key date on which the 90-day break of the Mutual US tariffs ends.
“If the United States postponed the tariffs again, the markets could interpret this as a hesitation in implementation, which would promote the willingness to take risks,” said the analysts of UBS Global Wealth Management in a note, How the Wall Street Journal reports.
“Bitcoin seems to be preparing for an outbreak”, so John Bollinger, inventor of the technical trading indicator Bollinger Band, on Sunday.
Die Bitcoin (BTC) Courses are only 2 % of their all-time high on May 22nd and briefly climbed to $ 109,500 on Monday.
Volatile week
“It will probably be a volatile week,” Henrik Andersson, Chief Investment Officer from Apollo Capital, told cointelegraph.
“We believe that the chances are good that the United States will sign a framework agreement with the EU this week,” he added.
Andersson also mentioned that Elon Musk is currently Bitcoin on X mentioned Has, “it seems as if he is heating up again for the asset”.
“Any downward volatility this week could be a good purchase opportunity before the next week, which is called 'crypto week' in Washington DC,” as he finally explained.
Read too: Where can you buy Bitcoin: The best BTC providers 2024
Markets are already increasing
Dealers were previously concerned about the volatility in the run -up to the customs period on July 9, observed Jeff Mei, Chief Operating Officer on the BTSE.
However, it looks as if “the markets will recover after it became known that the countries would have more time to negotiate before the tariffs come into force at the beginning of August,” he said to CoinTelegraph and added: “When we see good numbers on Tuesday, it is likely that the markets will continue to recover.”
Sea Coingecko has gained more than $ 50 billion in total capitalization in the last 24 hours after a relatively flat weekend.
AltSeason possible
Nick Ruck, director at LVRG Research, told CoinTelegraph that retailers could “keep an eye out for old coins to use upward potential, since a higher volatility and an increase in courses for digital assets are expected for the second half of this year.”
“We assume that Bitcoin could enter into a new pricing as soon as he exceeds his all -time high.”
Eugene Cheung, Chief Commercial Officer at the digital-asset platform OSL, told CoinTelegraph: “We are optimistic that more investors will rely on Bitcoin and Ethereum to avoid macroeconomic volatility and potential inflation increase, since the US technical bank will be able to reduce interest this year.”
