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Bitcoin kicked off this week with a shaky start. After briefly climbing over the weekend and teasing a fresh push towards the $110,000 zone, BTC retraced sharply on Monday, sliding back to around $107,700.
The culprit? Fresh trade tariffs announced by former U.S. President Donald Trump, now eyeing a return to the White House.
Trump’s new 25% tariffs on goods from Japan and South Korea, paired with threats of similar measures against BRICS‑friendly nations, spooked global markets. Wall Street felt the chill: the S&P 500 and Nasdaq both dropped around 1%, and Bitcoin mirrored that risk‑off sentiment.
Yet the burning question remains: Can Bitcoin keep its price above the critical $100,000 level through July?
Traders Say “Yes,” But Charts Send a Warning
Prediction markets like Myriad reveal that roughly 64.5% of participants bet BTC won’t fall below $99,999 this month. The crowd is confident that the six‑figure mark will act as a psychological floor until at least August.
But technical analysis paints a more cautious picture:
✅ Volatility is compressing.
✅ Trading volume remains low.
✅ The trend appears directionless.
In plain terms: the market is locked in a tight range, making it vulnerable to sudden, sharp moves. BTC has tested the $109,000–$110,000 resistance zone multiple times—without success. Should sellers gain the upper hand, next support zones sit at $107,200, $104,000, and finally the pivotal $100,000 mark.
And here’s the kicker: just one daily close below $100,000 could break market confidence and flip sentiment overnight.
Trump, BRICS, and the Macro Puzzle
Beyond charts and predictions, geopolitics is heating up. Trump’s tariff threats against countries linked to BRICS add fresh uncertainty to global trade. For crypto investors, this creates a classic dilemma:
📉 In the short term, higher macro risk can drive institutional money out of risk assets—including BTC.
🛡️ In the medium to long term, Bitcoin’s “digital gold” narrative may strengthen as a hedge against political turmoil.
Whether Bitcoin reacts as a safe haven or sinks alongside risk assets could be the deciding factor in keeping that $100K floor intact.
What Should You Watch This Week?
🔍 $107,000 support – Losing this could accelerate a drop to $104,000 or even $100,000.
📈 Volume & volatility – A sharp increase may signal an imminent breakout or breakdown.
🌎 Geopolitical headlines – Trade tensions and BRICS news can amplify moves in either direction.
😎 Market sentiment – Currently optimistic, which can fuel big surprises if the mood flips.
⚡ Quick Take
July opened with volatility, and the coming days could decide if $100,000 is solid ground or a hidden trap. Traders remain hopeful, but technicals and macro factors demand caution. Whether you see it as a buying opportunity or a red flag, the next move could come fast.
Disclaimer: This content is for informational purposes only and does not constitute financial advice. Always do your own research before investing. The views expressed here reflect personal opinions and not those of The Crypto Basic. Investing involves risk, and past performance does not guarantee future results.
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