Bitcoin eyes new high on tariff deadline, Musk love: Analysts
Bitcoin trades 2% below ATH as analysts eye new records amid looming US tariff deadline and upcoming “Crypto Week” volatility.
Bitcoin could set a new record high as early as this week, with all eyes trained on the United States’ trade tariff deadline on Wednesday, which could unlock risk appetite, along with an upcoming “Crypto Week” in the country’s capital.
“Bitcoin is likely to set a new all-time high this week or next,” the head of research at 10x Research, Markus Thielen, told Cointelegraph on Monday.
He added that post-July 4th seasonality “tends to be bullish, and markets have largely shrugged off tariff-related risks.”