Amid significant political developments, Bitcoin remains surprisingly resilient. The meeting between the US Special Envoy and Iran’s exiled crown prince over the weekend marks a critical moment. This follows President Trump’s statement urging resistance and potential intervention in Iran. With an awaited Supreme Court tariff decision, Trump’s economic pronouncements are expected to soon begin, laying groundwork for crucial outcomes in various sectors, including cryptocurrencies.
Heightened Risks Keep Bitcoin Afloat
Despite expectations of a Bitcoin dip following Trump’s recent declarations, the cryptocurrency is instead targeting the $94,000 mark. Anticipation grows over Trump’s possible comments regarding Iran in his evening statement. Meanwhile, the US Special Envoy’s meeting with the Iranian crown prince in exile, coupled with Trump’s “help is on the way” and halted negotiations, amplify discomfort across markets.
The suspension of talks raises fears of further escalation. Drawing comparisons with past actions, Trump has increasingly shown fewer limits, exemplified by threats and substantial federal actions. Completing his four-year term without civil unrest would be an unprecedented success for him, casting a large shadow over current international relations.
We continue to monitor and share updates on Trump’s statements and last-minute developments. Bitcoin’s current attempt at the $94,000 level remains uncertain, especially after months of ignoring favorable news. If it surpasses the $100,000 mark in a bearish environment, it would be a spectacular surprise befitting its unpredictable nature.
Countdown to High-Stakes Decision
The US Supreme Court is set to announce its decision on Trump’s tariffs within 24 hours, influencing global economic dynamics. Predictions from Polymarket suggest a mere 27% chance of the court ruling the tariffs legal. Observations from legal experts following the November hearing suggest an unfavorable outcome for Trump is likely.
Trump’s warnings of “economic collapse” last month, reiterated with predictions of “a total disaster,” show his strategic efforts to sway the Supreme Court members. We will soon discover the effectiveness of his attempts as the decision’s impact becomes apparent.
DaanCrypto shared a chart indicating potential Bitcoin scenarios.
“There’s no noticeable change for BTC. It continues fluctuating in the range but tests higher levels again. So far, the 4H 200MA/EMA shows solid performance.
The yearly open hasn’t been tested since day one. Losing the 4H 200MA/EMA might change this situation.
Key levels for breaking the range remain at $84,000 and $94,000.”
We await which level will break permanently first, shaping the next financial narrative.
