Following the announcement of a 90-day tariff halt by Donald Trump, the President of the United States, a wave of buying in the cryptocurrency market emerged, pushing Bitcoin (BTC) price back above $80,000. Although the initial excitement has subsided, the overall market sentiment remains positive.
The main question now is whether this temporary tariff halt can be the launching pad for Bitcoin to reach $100,000 or not. According to analysis by Kaduna, a cryptocurrency market expert, the recent price increase of Bitcoin from $75,000 to $83,000 after this decision indicates the start of a mini bull run.
Kaduna has suggested that this rapid market reaction could be somewhat anticipatory behavior, possibly initiating a growth stimulus even a month before the end of this 90-day period. Based on global liquidity data, Kaduna believes that if the current upward trend continues, Bitcoin could not only reach $100,000 but also surge to even $120,000. He emphasized that this trend could break through the current historical peak of Bitcoin at $108,786 and set new price records.
An interesting point in Kaduna’s analysis is proposing a 55-day exit window for bullish traders. According to him, this period starting from mid-April and lasting until June 3rd could be the best time to sell assets and take profits. He recommended that after this period, traders should step back from the market and reassess the new conditions in the summer.
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