US President Donald Trump’s latest tariff announcements have sparked diverse reactions in the financial markets, with Bitcoin price poised for a significant surge. The crypto market is showing significant signs of resilience as traders downplay fears surrounding the tariffs.
Notably, the financial services platform Matrixport highlighted Bitcoin price’s possible surge, driven by the market’s neutral reaction to Trump’s tariff announcement. This article will analyze how the current market sentiment will shape Bitcoin’s future trends.
Will Bitcoin Price Surge Despite Trump’s Tariffs?
According to the analysis of Matrixport, a prominent financial services platform, Bitcoin is poised for a significant surge as the market remains resilient to Donald Trump’s tariff announcement. As traders remain less concerned about the potential impact of the tariff on the Bitcoin price, BTC remains largely unaffected by the development.
Currently, the Bitcoin price is caught below the $90k range, the key resistance zone. Despite a positive sentiment, the buying interest remains relatively weak. While the crypto hit an all-time high of $108k in January 2025, it has been trading in a consolidation range of $84,000-$86,000 over the past few days.
However, experts argue that the tariffs could potentially lead to Bitcoin’s surge, bolstering the crypto’s long-term appeal as a safe haven.
Trump Tariffs: Varied Market Reactions
Interestingly, Trump’s tariff has sparked widespread reactions, ranging from dismay to calls for further negotiations. As pointed out by Treasury Secretary Scott Bessent, these tariffs could be the opening move in a months-long trade negotiation process.
It is noteworthy that Bitcoin is stuck below the critical $90k level, marking weak buying interest. The hedge funds are no longer experiencing an aggressive sell-off, evidenced by compressed basis and funding rates, along with a significant unwind in CME Bitcoin futures.
Recently, Matrixport reported that the Bitcoin price may follow the stock market trends following Trump’s tariff announcements. Though Bitcoin remained resilient to the equity market’s recent downturn, experts highlight the correlation between BTC and traditional financial assets.
Despite these predictions, Bitcoin remained stable following Trump’s tariffs. The stock market saw its largest collapse since 2020, erasing a total of $2.85 trillion. The NASDAQ also plummeted by 5.5%. Amidst the chaos, Bitcoin closed the day in the green.
How Will Bitcoin Price React to the Current Market Sentiment?
As of press time, Bitcoin is trading at $82,486, down by 0.74%. Over the past week and month, the Bitcoin price has seen notable declines of 2.86% and 8.32%. The 24-hour trading volume, currently at $39.19 billion, has plummeted by 26.9%.
Driven by the current sentiment, Bitcoin is poised for a potential uptick, with experts predicting its journey to $150,000. Analyst CryptoELITES forecasts that Bitcoin will hit $150,000, with a minimum target of $120,000 in April and May.
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