Key factors:
Bitcoin’s (BTC) worth climbed again above $109,000 throughout the late buying and selling hours on Could 25, as merchants responded to President Donald Trump’s determination to delay the implementation of tariffs on EU items till July 9.
Knowledge from Cointelegraph Markets Professional and TradingView revealed that BTC rose by as a lot as 3.2% to an intraday excessive of $110,100 on Could 26 from a low of $106,660 on Could 25.
Trump extends EU tariff deadline
Bitcoin’s restoration above $109,000 adopted Trump’s determination to delay a proposed 50% tariff on European Union items, easing commerce tensions and fueling renewed optimism throughout danger property.
This determination got here after a name with European Fee President Ursula von der Leyen, who mentioned that the EU wanted till July 9 to “attain deal” with the US.
Good name with @POTUS.
The EU and US share the world’s most consequential and shut commerce relationship.
Europe is able to advance talks swiftly and decisively.
To succeed in deal, we would wish the time till July 9.
— Ursula von der Leyen (@vonderleyen) Could 25, 2025
Trump had initially proposed a 20% tariff on most EU imports in April, later lowering it to 10% to permit time for talks.
On Could 23, he threatened to lift tariffs to 50% by June, inflicting Bitcoin to dip under $108,000, reflecting market sensitivity to commerce tensions.
Market individuals mentioned the extension positioned Bitcoin again on observe to proceed its uptrend.
“Bitcoin will pump once more,” mentioned pseudonymous BTC investor Random Crypto Pal in response to the information.
“Bitcoin is gaining momentum due to Europe tariffs delays (July 9),” mentioned fellow Kevin T, including:
“I hope they settle all the things and let the market go tremendous bullish.”
BTC worth headed for an 8-week win streak
BTC’s shut above $109,000 on Could 25 was the seventh consecutive bullish weekly shut, as proven within the chart under.
If Bitcoin continues to keep up its upward trajectory, it’s prone to shut inexperienced for the eighth consecutive week on June 1.
Traditionally, such a situation has preceded six to 12 months of constructive worth motion.
“Since 2014, an 8-week streak of inexperienced weekly closes has occurred solely thrice,” mentioned crypto analyst and dealer Carpe Noctom in a Could 26 publish on X, including:
“Following eight consecutive constructive weekly closes, the market has traditionally been unfavourable one week later, however has all the time been constructive 6 months and 1 12 months later.”
If historical past repeats itself, BTC may proceed rising this week, then drop or consolidate subsequent week to retest key assist ranges earlier than coming into a parabolic part for the remainder of the 12 months.
Associated: Bitcoin bears eye $69K, CZ denies WLF ‘fixer’ rumors: Hodler’s Digest, Could 18 – 24
Key Bitcoin worth ranges to observe
Bitcoin should flip the all-time excessive at $111,900 into assist to proceed its worth discovery.
As Cointelegraph reported, BTC worth may rally to recent report highs of $130,000 if the bulls push above the $109,588 to $111,980 overhead resistance zone, BTC/USD should maintain above the weekly shut at $109,0 for this to happen00. Beneath that could be a main demand zone from $104,500 to $106,000.
Different ranges to observe on the draw back are the day by day assist at $102,500, which supported the value between Could 9 and Could 19, and the psychological stage at $100,000.
Dealer Micky Bull mentioned it was “very crucial” for the BTC/USD pair to shut the day above the earlier all-time excessive of $109,000 reached on Jan. 20.
MN Capital founder Michael van de Poppe identified that if Bitcoin continued “holding on to the focus” between $105,500 and $107,000, it may see recent all-time highs over the following few days.
“On to $125,000 into June.”
This text doesn’t comprise funding recommendation or suggestions. Each funding and buying and selling transfer includes danger, and readers ought to conduct their very own analysis when making a choice.
