Key points:
Oh, what a twist! US President Donald Trump has decided to play nice and extend the deadline for a proposed 50% tariff on EU goodies until July 9. 🎉
This little pause in trade drama might just give Bitcoin the boost it needs to reach the stars! 🚀
In a delightful turn of events, Bitcoin’s (BTC) price bounced back above $109,000 during the late trading hours on May 25, all thanks to Trump’s decision to delay those pesky tariffs on EU goods until July 9. Who knew a little delay could make such a difference? 😏
According to the wizards at CryptoMoon Markets Pro and TradingView, BTC jumped a whopping 3.2% to an intraday high of $110,100 on May 26, up from a low of $106,660 just a day before. Talk about a rollercoaster ride! 🎢
Trump extends EU tariff deadline
Bitcoin’s triumphant return above $109,000 came right after Trump’s grand announcement to delay the 50% tariff on European Union goods. This little act of kindness eased trade tensions and sparked a wave of optimism across the risk asset playground. 🌈
This decision was made after a chat with the ever-so-serious European Commission President Ursula von der Leyen, who insisted that the EU needed until July 9 to “reach a good deal” with the United States. Because who doesn’t love a good deal? 🤷♂️
Good call with @POTUS.
The EU and US share the world’s most consequential and close trade relationship.
Europe is ready to advance talks swiftly and decisively.
To reach a good deal, we would need the time until July 9.
— Ursula von der Leyen (@vonderleyen) May 25, 2025
Initially, Trump had proposed a 20% tariff on most EU imports in April, later reducing it to 10% to allow for some chit-chat. But on May 23, he threatened to crank it up to 50% by June, sending Bitcoin tumbling below $108,000. Oh, the drama! 🎭
Market participants were quick to say that this extension put Bitcoin back on the path to glory. “Bitcoin will pump again,” declared the mysterious BTC investor known as Random Crypto Pal. Sounds like a superhero name, doesn’t it? 🦸♂️
“Bitcoin is gaining momentum because of Europe tariffs delays (July 9),” chimed in fellow investor Kevin T, adding:
“I hope they settle everything and let the market go super bullish.”
BTC price headed for an 8-week win streak
BTC’s close above $109,000 on May 25 marked the seventh consecutive bullish weekly close. Can you believe it? The chart below is practically dancing with joy! 💃
If Bitcoin keeps this up, it’s likely to close green for the eighth consecutive week on June 1. Fingers crossed! 🤞
Historically, such a scenario has led to six to 12 months of positive price action. So, let’s keep our eyes peeled! 👀
“Since 2014, an 8-week streak of green weekly closes has occurred only three times,” said crypto analyst and trader Carpe Noctom in a May 26 post on X, adding:
“Following eight consecutive positive weekly closes, the market has historically been negative one week later, but has always been positive 6 months and 1 year later.”
If history is any guide, BTC could keep rising this week, then take a little breather next week to retest key support levels before entering a parabolic phase for the rest of the year. Buckle up! 🎢
Key Bitcoin price levels to watch
Bitcoin must flip the all-time high at $111,900 into support to continue its price discovery. No pressure! 😅
As CryptoMoon reported, BTC price could rally to fresh record highs of $130,000 if the bulls push above the $109,588 to $111,980 overhead resistance zone. But BTC/USD must hold above the weekly close at $109,000 for this to happen. Below that lies a major demand zone from $104,500 to $106,000. 🧐
Other levels to watch on the downside are the daily support at $102,500, which supported the price between May 9 and May 19, and the psychological level at $100,000. Because who doesn’t love round numbers? 🎯
Trader Micky Bull said it was “very critical” for the BTC/USD pair to close the day above the previous all-time high of $109,000 reached on Jan. 20. No pressure, right? 😬
MN Capital founder Michael van de Poppe pointed out that if Bitcoin continued “holding on to the point of interest” between $105,500 and $107,000, it could see fresh all-time highs over the next few days. Fingers crossed for a magical June! 🪄
“On to $125,000 into June.”
Read More
- Clash Royale Best Boss Bandit Champion decks
- RAVEN2 redeem codes and how to use them (October 2025)
- Kingdom Rush Battles Tower Tier List
- Delta Force Best Settings and Sensitivity Guide
- Clash Royale Furnace Evolution best decks guide
- Cookie Run: Kingdom Boss Rush Season 2-2 Guide and Tips
- eFootball 2026 Master League: Structure, Features, Release, and more
- Vampire’s Fall 2 redeem codes and how to use them (June 2025)
- Ninja Arashi 2 Shadow’s Return expands the hit ARPG sequel with more content, ahead of Ninja Arashi 3’s launch later this year
- Kingdom Rush Battles Hero Tier List
2025-05-26 14:50