The bitcoin price is once again climbing toward uncharted territory, with market analysts predicting a fresh all-time high (ATH) on the horizon. A convergence of bullish macro signals—including a potential tariff delay by the U.S. and the political spotlight from the upcoming Crypto Week in Congress—has set the stage for renewed momentum. Technical indicators are lining up, and sentiment across derivatives markets is shifting into high gear.
Tariff Delay Could Boost Market Sentiment
One of the most closely watched macro events this week is the expected delay of tariffs that were set to resume on certain Asian imports. As reported by the Wall Street Journal, this move could trigger renewed appetite for risk assets, particularly crypto, as investors rotate capital into higher-yield plays amid fading inflation concerns.
The FX and bond markets are already pricing in softer policy pressure, with some strategists suggesting that a tariff delay could act as a stealth stimulus, improving liquidity conditions and reducing cost pressures for global trade.
U.S. Congress Declares “Crypto Week”
On the regulatory front, Capitol Hill is preparing to host a week-long focus on digital assets. The U.S. House Financial Services Committee has designated the week of July 14th as “Crypto Week,” during which several bills will be reviewed, including:
- The CLARITY Act
- The GENIUS Act
- The Anti-CBDC Surveillance State Act
While the legislative process is still early, the symbolism of national-level attention on crypto policy has not gone unnoticed by markets. Regulatory clarity—especially around stablecoins, self-custody, and decentralized finance—is considered one of the final barriers to mainstream institutional adoption.
Technical Breakout in Sight?
Bitcoin’s price is currently consolidating just below the key resistance at $110,000, trading at $109,068 at the time of writing. The daily chart shows a clear ascending accumulation range since late May, with higher lows and multiple tests of the $110K barrier.
Source: Tradingview
This kind of price structure often precedes a breakout continuation, especially when supported by rising volume near resistance—as seen in the most recent candles. If Bitcoin closes decisively above $110K with strong follow-through, the next leg could push toward $114K–$116K, entering price discovery.
Support remains strong near $104,000, which has acted as a springboard twice in the past four weeks. Daily RSI is neutral around 55, suggesting room for upside without immediate overbought conditions.
From a trend perspective, momentum remains bullish, and the current sideways action appears to be a healthy consolidation before a possible breakout—especially if macro catalysts (like the tariff delay or Crypto Week) kick in.
Final Thoughts: What This Means for the Bitcoin Price
With tariff delays offering macro tailwinds, political support ramping up during “Crypto Week,” and the bitcoin price consolidating near key resistance levels, the setup for a major rally is forming. While short-term volatility can’t be ruled out—especially with options expiry looming—the broader trend appears poised for continuation.
If bulls can push past the $110K mark, the next chapter in Bitcoin’s 2025 bull cycle could be underway.
