Tariff tensions and developments between the US, China and other countries have had a negative impact on Bitcoin, but BTC fell to a level of $74,000 in April.
The BTC then began to recover with the moderate measures taken by US President Donald Trump, breaking new records by rising above $111,000 on the last day of May.
Tariff tensions have had a major impact on Bitcoin, but SWYFTX chief analyst Pav Hundal has identified Trump’s ongoing tariff uncertainty as a serious threat to Bitcoin.
At this point, Pav Hundal said that Bitcoin could reach $120,000 in June if US trade tensions eased.
“The biggest threat to the bulls right now is that they will remain nothing for the next two months and will be stuck in this endless cycle of tariff uncertainty.
If tariff tensions are resolved, Bitcoin could reach $120,000 in June. But if the bear says, “I told you that,” we could see Bitcoin falling below $100,000.
The Fed expects tariff uncertainty will be resolved to reduce interest rates!
Hundal added that tariff uncertainty could delay the Fed’s decision to cut interest rates and the Fed could delay financial expansion until concrete data on the impact of Trump’s tariffs are available.
“Trump’s uncertainty in tariffs has put the 2% inflation target at risk this year. Six months ago, a 2% inflation target was thought to be possible. Today, it is under a long-term threat from tariffs.
The US is at a macro turning point, and the Fed is now walking down the fine lines. ”
*This is not investment advice.
