Overview
- Bitcoin is trading near $85,000 after a volatile week, with traders closely monitoring key resistance levels around $86,000.
- President Trump's mixed signals on technology tariffs, including temporary exemptions, have created uncertainty for both traditional and cryptocurrency markets.
- Warnings from financial figures like Ray Dalio highlight systemic risks, with concerns that aggressive tariffs could lead to a monetary order breakdown and recession.
- Inflation expectations are rising, with a Federal Reserve survey showing 44% of respondents anticipating higher unemployment and a 3.6% inflation rate over the next year.
- Analysts suggest Bitcoin could see significant price movements, with potential support at $79,000 and a breakout above $86,000 possibly leading to $97,000.