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How is the Bitcoin (BTC) price signaling for the continuation of June? Bull or Bear?
The tariff tensions and developments between the US and China, as well as other countries, negatively impacted Bitcoin, while BTC fell to the level of 74 thousand dollars in April.
Subsequently, BTC began to recover with the moderate steps taken by Donald Trump, the President of the USA, and reached a new record by surpassing 111 thousand dollars in the last days of May.
While tariff tensions have a significant impact on Bitcoin, Swyftx Chief Analyst Pav Hundal described the ongoing uncertainty of Trump's tariffs as a major threat to Bitcoin.
At this point, Pav Hundal stated that Bitcoin could reach 120 thousand dollars in June if the trade tensions in the US decrease.
FED Awaits Resolution of Tariff Uncertainty for Interest Rate Cuts!
Hundal stated that the uncertainty over tariffs has also delayed the FED interest rate cut decision, and that there is a risk that the FED may delay monetary expansion until it obtains concrete data regarding the impact of Trump tariffs, which carries the risk of slowing down growth.
*This is not investment advice.
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