{"id":53757,"date":"2025-06-06T03:18:07","date_gmt":"2025-06-06T03:18:07","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/btc-holds-101-5k-despite-tariff-news-bullish-sentiment-for-120k-persists\/"},"modified":"2025-06-06T03:18:07","modified_gmt":"2025-06-06T03:18:07","slug":"btc-holds-101-5k-despite-tariff-news-bullish-sentiment-for-120k-persists","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/btc-holds-101-5k-despite-tariff-news-bullish-sentiment-for-120k-persists\/","title":{"rendered":"BTC holds $101.5K despite tariff news; bullish sentiment for $120K persists"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/bitcoin-btc-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/bitcoin-btc-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/bitcoin-btc-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/05\/bitcoin-btc-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties.<\/span><\/li>\n<li class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end.<\/span><\/li>\n<li class=\"ng-star-inserted\">Pythagoras Investments\u2019 Gabeljic notes BTC\u2019s lower volatility compared to other digital assets amid tariff news.<\/li>\n<\/ul>\n<p><span class=\"ng-star-inserted\">Bitcoin (BTC) commenced the Asian trading day holding steady above the $101,500 mark, demonstrating resilience in the face of fresh tariff-related uncertainties emanating from the Trump administration. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">While near-term volatility remains a factor, market analysts and traders appear increasingly focused on a sustained bull market through the remainder of the year, with a significant degree of confidence that Bitcoin will reach or surpass the $120,000 level, underpinned by persistent corporate buying and a notable decline in overall market volatility.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The current market environment is characterized by a degree of caution, as unexpected tariff increases announced by the Trump administration have introduced some choppiness. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cThe uncertainty from unexpected tariff increases by the Trump administration is causing some volatility,\u201d Semir Gabeljic, director of capital formation at Pythagoras Investments, acknowledged in an email to CoinDesk. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, he emphasized Bitcoin\u2019s relative stability amidst these pressures: \u201cHowever, bitcoin remains relatively strong, with lower volatility compared to other digital assets.\u201d<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This underlying strength is further supported by a persistently bullish sentiment among institutional players. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Gabeljic highlighted this by noting that traders on the prediction market platform Polymarket are \u201cpricing in a 69% probability that Bitcoin will hit at least $120,000 by year-end.\u201d <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This indicates a strong conviction in Bitcoin\u2019s continued upward trajectory, despite any intermittent market headwinds.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Echoing this optimistic outlook, FlowDesk, a Paris-based market maker, shared a similar sentiment in a recent note on Telegram, even amidst recently subdued market conditions. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cThe market is clearly coiling, waiting to break out of a narrow band just below all-time highs,\u201d FlowDesk wrote in their market update note. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">They also observed a \u201csignificant repositioning and rotation from Bitcoin towards altcoins,\u201d but crucially added that \u201cBTC\u2019s underlying strength remains evident.\u201d<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">FlowDesk also pointed to some signs of cautious market behavior, such as a modest decline in BTC funding rates on major exchanges like Binance, which typically suggests a reduction in the use of leverage by traders. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">However, on-chain borrowing activity has reportedly seen renewed vigor, a potential leading indicator that some market participants are anticipating an imminent breakout.<\/span><\/p>\n<h2 class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">The unwavering trend of Bitcoin accumulation<\/span><\/h2>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">A powerful and enduring narrative bolstering the bullish case for Bitcoin is the continued and accelerating accumulation of BTC by corporate treasuries. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">Listed companies now reportedly hold approximately 809,100 BTC, an amount valued at nearly $85 billion. This figure represents a near doubling of corporate Bitcoin holdings compared to a year ago. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This significant uptake is being driven by a combination of factors, including favorable regulatory shifts and recent accounting changes that now allow companies to recognize gains on their Bitcoin holdings more readily.<\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">This trend of corporate adoption underscores a fundamental belief in Bitcoin\u2019s long-term value proposition and its utility as a treasury reserve asset. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">\u201cThe expectation of a continued strong bitcoin remains,\u201d Gabeljic affirmed, suggesting that this institutional and corporate buying pressure is a key pillar supporting the market\u2019s current strength and future potential. <\/span><\/p>\n<p class=\"ng-star-inserted\"><span class=\"ng-star-inserted\">As Bitcoin consolidates and traders navigate short-term uncertainties, the underlying accumulation by larger entities provides a strong foundation for continued optimism.<\/span><\/p>\n<div class=\"ad-banner  container  pt-1\" data-partner=\"bitcoinpepe\">\n        <a href=\"https:\/\/bitcoinpepe.co\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/blockovate\/en-2.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/bitcoin-trades-over-101-5k-analysts-eye-120k-amid-corporate-accumulation\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Bitcoin trades above $101.5K in Asia, showing resilience despite new U.S. tariff uncertainties. Analysts see continued bull market, with Polymarket traders pricing a 69% chance of BTC hitting $120K by year-end. Pythagoras Investments\u2019 Gabeljic notes BTC\u2019s lower volatility compared to other [&hellip;]<\/p>\n","protected":false},"author":3947362378,"featured_media":53758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53757"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362378"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=53757"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/53757\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/53758"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=53757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=53757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=53757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}