From CoinTelegraph

May 26, 2025 7:30 AM:

Bitcoin’s price surged over $109,000 after Trump delayed EU tariffs, reaching $110,100 on May 26. The decision followed a call with EU Commission President von der Leyen, who requested until July 9 to negotiate. This move eased trade tensions and boosted market optimism, potentially leading to an 8-week winning streak for BTC.

Initially proposing a 20% tariff on EU imports, Trump later reduced it to 10% and then threatened to raise it to 50%. Bitcoin dipped below $108,000 in response on May 23. However, the extension of tariff deadlines has placed Bitcoin back on track for an upward trend, with traders anticipating further gains in the market.

BTC closed above $109,000 for the seventh consecutive week on May 25, setting the stage for an eighth green close on June 1. Historically, a streak of eight positive weekly closes has led to positive price action for the next six to 12 months. Market analysts predict that Bitcoin could continue to rise this week before potentially entering a parabolic phase for the rest of the year.

To sustain its price discovery, Bitcoin must turn its all-time high at $111,900 into support. If BTC breaks above the $109,588 to $111,980 resistance zone, it could rally to new highs of $130,000. Key support levels include $104,500 to $106,000, with daily support at $102,500 and a psychological level at $100,000. Traders emphasize the importance of closing above the previous all-time high of $109,000 for continued bullish momentum.

Disclaimer: This article does not provide investment advice. Readers should conduct their own research before making any financial decisions.

Read more at Cointelegraph: Bitcoin price levels to watch as Trump delays EU tariffs