We've never experienced this before, so looking at trends are useless.

Judging by the way the crypto market sluggishly follows the regular one tells me that most investors (not the HODLers) do not understand how bitcoin works.  I was shocked when Stargate was announced and BTC prices stayed the same, but this time I understand it's a general overall ignorance of the average bitcoin user.  (I would call members here above-average).

Trump's tariffs on China has doomed bitcoin in America, period.    Chips required for cryptocurrency creation were already in high demand thanks to AI.  Those chips can not longer be purchased or created by the USA thanks to a trade restriction (0%!) to the rare earth minerals that China controls.

Bitcoin is built on the promise of mathematical superiority.  The difficulty will rise and unless the US can quickly develop a new method for calculating hashes without those minerals,  the hash rate will stagnate in the US.   

That is what's next for Bitcoin thanks to Tariff Trump.