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.

"The biggest threat to bulls right now is that nothing changes over the next two months and we become trapped in this endless tariff uncertainty cycle.

If the tariff tension is resolved, Bitcoin could reach 120 thousand dollars in June. However, if the bears say 'I told you so', we might see Bitcoin drop below 100,000 dollars.

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.

"The tariff uncertainty stemming from Trump has jeopardized the goal of reaching a 2% inflation target this year. Six months ago, a 2% inflation target seemed achievable; today, it is under a long-term threat from tariffs.

The US is at a macro turning point and the FED is currently walking a fine line.

*This is not investment advice.

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