Bitcoin Falls Below $118K After Trump Warns China of ‘Massive Increase’ in Tariffs

The threat comes after China’s Ministry of Commerce quietly expanded export controls over rare earth minerals on Thursday. Bitcoin Tumbles as Trump’s Tariff Threat Sparks Market Sell-Off Donald Trump’s words can move markets, and that’s exactly what happened on Friday morning when the president warned China it would face “a massive increase of tariffs” if […] Original

Bitcoin Faces Key Levels: $125k Resistance Vs $118k Support – Details

From late September, Bitcoin has embarked on an impressive bullish rally to reach price levels around its all-time high of $124,457. However, it remains speculative as to whether the premier cryptocurrency will maintain this early October momentum to put in a new all-time-high price, or experience a major correction into deeper liquidity zones. Bitcoin Key Levels To Watch: Rally’s Challenge Lies At $125k Resistance In an X post on October 3, key opinion leader (KOL) Ted Pillows shared that Bitcoin is once again approaching critical price levels, backed by data…

Bitcoin price hits $118K amid U.S. government shutdown

Bitcoin price has registered a strong recovery as trading activity surged and investors turned to digital assets during the U.S. government shutdown. Summary BTC trades at $118,473, up 6% weekly and 7.4% monthly. U.S. government shutdown sparks safe-haven rotation into gold and Bitcoin. Technicals show BTC holding above key MAs, with $124K resistance ahead. Bitcoin climbed back to $118,473 on Oct. 2, up 3.4% in the past 24 hours, as investors turned to crypto and gold during the first U.S. government shutdown since 2018. The move lifted BTC’s weekly gain to…

Bitcoin Smashes Past $118K – Is Stronger Bullish Momentum Now Set To Begin?

Bitcoin price started a strong increase and traded above $118,000. BTC is now consolidating gains and might correct some points in the short term. Bitcoin started a major increase above the $116,500 zone. The price is trading above $117,000 and the 100 hourly Simple moving average. There is a short-term bullish trend line forming with support at $117,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move up if it clears the $119,500 zone. Bitcoin Price Starts Fresh Surge Bitcoin price…

Bitcoin Hits $118K After US Gov Shutdown: What’s Next?

Key takeaways: Yields on US 10-year Treasurys declined, highlighting growing risk aversion and demand for safe-haven assets. Spot Bitcoin ETFs faced $430 million inflows while equities stayed muted, signaling potential decoupling from traditional markets. Bitcoin (BTC) reached a two-week high on Wednesday following the United States federal government shutdown. However, investors remain cautious, recalling that the 2018 shutdown triggered a sell-off amid concerns about slower economic growth. With no resolution in place, federal agencies were ordered to activate contingency measures, forcing hundreds of thousands of employees to stay home. Attention…

Bitcoin Reclaims $118K, Which Altcoins Will Follow?

Key points: Bitcoin has broken above the $117,500 resistance, opening the gates for a retest of the all-time high at $124,474. Several altcoins have started a strong relief rally, signaling solid buying at lower levels. Bitcoin (BTC) closed September with gains of more than 5% and the bulls extended the gains on the first day of the new month by pushing the price above the stiff overhead resistance of $117,500. CoinGlass data shows that a positive monthly close in September has historically been followed by an average return of more…

Analyst Says Bitcoin Is A Strong Buy If It Overcomes $118K — Here’s Why

The price of Bitcoin has struggled to capitalize on its recent bullish momentum, oscillating in and around the $116,000 level so far this weekend. This choppy price action has raised doubts about the flagship cryptocurrency’s potential to resume its bull run and reach a new all-time high price. A crypto expert on social media platform X has come forward with an interesting outlook for the Bitcoin price, stating that the market leader could be gearing up for its next explosive move. However, the on-chain analyst added that a certain condition…