Bitcoin is expected to rally towards $120,000 after a US federal court blocked Trump's tariffs, according to Swyftx lead analyst Pav Hundal.
The US Court of International Trade's decision to block Trump's tariffs is seen as a significant event that will intensify momentum behind Bitcoin.
The decision is believed to have a domino effect on Bitcoin's price, leading to new all-time highs as market sentiment shifts, with Bitcoin currently trading around $107,750.
Trump's tariffs had been a key factor in Bitcoin's previous fall below $100,000, but analysts predict a bullish trend with potential for Bitcoin to reach $120,000.