Up or down?
Please share your opinion.
I personally thought it might well dip to about 97.5K before the next leg up.
Why do you think?
As a result of the conflict between Trump and Elon Musk, I thought that the price of Bitcoin might drop significantly but surprisingly, its price continues to increase and is likely to exceed another ATH. The things we need to focus on when estimating the price of Bitcoin are whether there is a challenging situation or any kind of threat to the world economy. At first glance, it seems that the US court has declared Trump tariff policy as outrageous and the state has presented arguments against this court ruling. But through this, the US government has suspended the amount of tariffs it had announced against various countries of the world for a few months. As a result, there may be an obstacle in activating the tariff policy so as there is no such threat to the world economy for now the price of Bitcoin is likely to increase as expected.
I also expect the price to experience a huge dump in price, but it seems resistant to the bear.
You said the market continues to increase in price, and I don't see that happening. Although the experience saw some surge in price but it was switched between pump and dump, which I believe the result will be some investors are using the current misunderstandingng between the US president and Elon Musk as the chance for them to manipulate the market for some selfish benefit.
Yes, the US court believe the President tariff will do more harm than benefit, but Trump is trying to convince, and the political game anything can happen.
Any unexpected situation can arise in the Bitcoin market so you need to consider the volatility regularly to make the right decisions. I see the possibility of a few more weeks of upward price increases. I do not think that the price of Bitcoin will be significantly dumped. Political and financial instability can negatively affect the market. I think Donald Trump used Elon Musk when needed. If Elon Musk had not fully supported Donald Trump in the US election the results could have been different. As a result of selfish and power hungry behavior the relationship between the two of them may have deteriorated further and this may not have a negative impact on the market in the long term. I think that short term personal distance will not have a long term impact on the market situation. The results of which are visible in the current market situation.