US Supreme Court Ruling to Decide Bitcoin’s Next Move — Here’s Where Bulls and Bears Are Waiting
Summary
Bitcoin is trading at a critical inflection point near $90,383, awaiting a US Supreme Court ruling on the legality of Trump-era tariffs, scheduled for 10:00 a.m. ET, which coincides with the release of US unemployment data.
This convergence of legal and macroeconomic catalysts has created a high-risk window. Analysts suggest that if the Supreme Court strikes down the tariffs, it could ease cost pressures, improve corporate earnings outlooks, and trigger risk-on flows, potentially marking a local bottom for Bitcoin. Conversely, if the tariffs are upheld, the existing trade regime and associated uncertainties remain.
Technically, bulls are defending support around $87,094, while bears are capping upside resistance starting at $90,880, with heavier supply clustered near $92,143. Volume profiles confirm this standoff, showing buying concentrated below $90,300 and selling pressure between $91,200 and $92,000. The market is in a compressed structure, waiting for the Supreme Court decision to provide the necessary catalyst to break the deadlock.
(Source:BeInCrypto)