Key Points:
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US President Donald Trump has extended the deadline of a proposed 50% tariff on EU goods to July 9.
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A temporary easing in trade tensions could help fuel Bitcoin’s rally to new all-time highs.
On May 25, Bitcoin’s price surged back above $109,000 during late trading hours, responding positively to President Trump’s decision to delay the implementation of substantial tariffs on EU goods. This decision contributed to a sense of renewed optimism across the markets, particularly focusing on risk assets such as Bitcoin.
Data from Cointelegraph Markets Pro and TradingView indicated that Bitcoin (BTC) increased by approximately 3.2%, reaching an intraday high of $110,100 on May 26—up from a low of $106,660 recorded the previous day.
Trump Extends EU Tariff Deadline
Bitcoin’s return above the $109,000 mark coincided with Trump’s announcement to postpone a proposed 50% tariff on European Union goods. This action has been interpreted as a move to ease trade tensions, positively influencing the sentiment surrounding risk assets.
This latest development emerged after a conversation between President Trump and European Commission President Ursula von der Leyen, who stated that the EU requires until July 9 to negotiate a favorable agreement with the United States.
Good call with @POTUS.
The EU and US share the world’s most consequential and close trade relationship.
Europe is ready to advance talks swiftly and decisively.
To reach a good deal, we would need the time until July 9.
— Ursula von der Leyen (@vonderleyen) May 25, 2025
Initially, Trump had threatened to impose a 20% tariff on most EU imports in April, which was later reduced to a 10% tariff. The potential increase to 50% prompted concern and led to a dip below $108,000 for Bitcoin, a clear indicator of the market’s sensitivity to trade issues.
Market analysts suggest that the tariff extension places Bitcoin back on a bullish trajectory. Comments from market participants indicate a strong belief that Bitcoin will experience further gains, with hopes that a stable agreement will yield positive outcomes for the market.
BTC Price Headed for an 8-Week Win Streak
Following the announcement, Bitcoin’s close above $109,000 on May 25 marked the seventh consecutive bullish weekly close. This historical pattern suggests that if Bitcoin maintains its upward trend, it could achieve an eighth consecutive positive close by June 1.
Historically, an eight-week streak of positive weekly closes has preceded six to twelve months of favorable price action. Some analysts note that although short-term dips have occurred following such streaks, overall longer-term performance has tended to be positive.
In reviewing BTC’s past performance, analysts observe that maintaining momentum may lead to further gains in the upcoming weeks before any potential corrections or consolidations occur.
Key Bitcoin Price Levels to Watch
To continue its upward trend, Bitcoin must convert its previous all-time high of $111,900 into support. Analysts anticipate that if Bitcoin surpasses resistance levels between $109,588 to $111,980, it could escalate to fresh record highs of $130,000.
However, Bitcoin must also hold above the weekly close of $109,000, with critical support zones ranging from $104,500 to $106,000. Downside indicators include a daily support level at $102,500 and the psychological threshold at $100,000.
The trading community closely monitors price movements, emphasizing the importance of closing above the previous all-time high and maintaining bullish momentum to avoid potential downturns.
