Traders Expect Bitcoin’s Resilience Amid Tariff Speculations

Key Points

1. Bitcoin's price climbed to $118,500, with a daily peak of $118,636, despite the EU tariff letter issued the previous day.

2. Markets seem indifferent to bad news, similar to how they have ignored positive news for months.

3. Analysts expect volatility to increase as futures markets reopen on Monday, with focus on whether BTC and ETH can maintain their recent breakouts.

4. Tariffs from the EU and Mexico, though higher, have been largely ignored by the market due to delayed reactions and past patterns.

5. Trump's consistent bluffing in trade negotiations with the EU, Canada, China, and Mexico has led markets to expect similar outcomes this time.