- Bitcoin shows resilience as bulls defend $104K despite global trade policy shocks
- Tariff-driven dip swiftly reversed, highlighting rising crypto market maturity
- July 9 tariff decision looms as Bitcoin eyes continued momentum above $109K
Bitcoin remains resilient despite geopolitical tremors, with bulls holding firm above the crucial $104,000 support level. After briefly hitting a new all-time high of $112,000, the leading cryptocurrency experienced a short-lived dip, largely triggered by sudden global policy shifts.
The quick recovery that followed highlighted growing market confidence and underlying buying pressure, confirming Bitcoin’s strength in this volatile landscape. While traditional markets trembled in response to U.S.-EU trade tensions, crypto investors found reasons to stay optimistic.
Geopolitical Tensions Add Fuel to Volatility
According to data from Santiment, last week’s drama began when President Trump shocked global markets with a 50% tariff announcement on EU goods. Although the policy was paused two days later until July 9, the damage had been done.
Bitcoin and altcoins experienced a knee-jerk reaction, falling nearly 4% within hours. European stocks tumbled, the euro weakened, and crypto sentiment took a hit. However, this wasn’t the first time such moves caused ripples across digital assets.
Interestingly, this decline mirrored earlier sentiment crashes particularly during the early April drop. Yet, this time, the rebound was quicker. Santiment data further indicates that crowd reactions played a pivotal role. Panic peaked just after the tariffs were announced, but once the pause was revealed, optimism returned. This behavioral cycle fear, dip, then recovery has defined recent crypto patterns.
💸 The unpredictable tariff swings put a pin in the Bitcoin all-time high balloons last week, then helped a late week rally last week. But with everything on pause, can crypto continue to climb? We go through the latest timelines, and what to watch. 👇https://t.co/sVhoabLYBQ pic.twitter.com/fhoZDgSz1o
— Santiment (@santimentfeed) May 27, 2025
Technical Strength Supports the Bullish Narrative
Analyst Michaël van de Poppe pointed to $104,000 as a key support area, where Bitcoin staged a solid bounce. This area held firm even during brief sell-offs, confirming bullish control. Van de Poppe notes that untested zones at $92,500 and $97,400 could act as fallback supports, but the current trend suggests momentum remains upward.
The market saw a swift liquidity sweep below support, only to recover sharply, invalidating the correction thesis. This rally indicates continued bullish sentiment and increased interest in both Bitcoin and altcoins. Notably, this resilience came despite macroeconomic noise, proving how crypto has evolved into a more mature, globally sensitive asset class.
I think that my posts on a potential correction on #Bitcoin are invalidated by that fast response on the markets.
— Michaël van de Poppe (@CryptoMichNL) May 27, 2025
A small correction took place, but immediately bought up through which we're looking to attack the ATHs and #Altcoins to go up.
Up we go. pic.twitter.com/unUupPUXqc
July 9 Becomes the Next Market Catalyst
Looking ahead, the paused tariffs are set to resume review on July 9, a key date for investors. If negotiations fail and tariffs are reinstated, markets could react sharply.
Meanwhile, a calm period has settled across traditional and digital markets. The recent Memorial Day holiday in the U.S. may delay reactions, but positive movement in equities could spill into crypto.
As of press time, Bitcoin price of $109,783 shows minimal change in 24 hours but marks a 4.25% gain over the week.
