Bitcoin has been trading in Asia for over $101.5,000, indicating resilience despite new US tariff uncertainty.
Analysts are seeing an ongoing bull market where Polymarket Traders priced at $120,000 by the end of the year with a 69% chance of BTC.
Gabeljic of Pythagoras Investments points out the lower volatility of BTC compared to other digital assets in tariff news.
Bitcoin (BTC) launched a stable day of Asia trade, above $101,500, and has shown resilience in the face of fresh tariff-related uncertainty emanating from the Trump administration.
While short-term volatility remains a factor, market analysts and traders appear to be increasingly focusing on sustained bull markets over the rest of the year.
The current market environment is characterized by some attention as some unforeseen increases in tariffs announced by the Trump administration have introduced several moment-by-minute increments.
“Uncertainty due to the unforeseen tariffs by the Trump administration has caused some volatility,” Semir Gaberzic, capital formation director at Pythagoras Investments, was confirmed in an email to Coindesk.
However, he highlighted the relative stability of Bitcoin amid these pressures. “But Bitcoin remains relatively strong because it has less volatility than other digital assets.”
This underlying strength is further supported by permanently bullish feelings among institutional players.
Gabeljic highlighted this by noting that traders from forecast market platform Polymet are “pricing at 69% chances that Bitcoin will reach at least $120,000 by the end of the year.”
This shows that despite intermittent market headwinds, we show strong belief in Bitcoin’s continued upward trajectory.
Reflecting this optimistic outlook, Paris-based market maker Flowdesk shared similar sentiments in a recent memo about Telegram, even amid recent market conditions.
“The market is clearly caught up in it and is waiting to get out of the narrowest band of all time,” FlowDesk wrote in the market update notes.
They also observed “a significant relocation and rotation from Bitcoin to altcoin”, but added decisively that “the underlying strength of BTC remains clear.”
Flowdesk also pointed to signs of careful market behavior, including a slight drop in BTC funding rates at major exchanges such as Binance. This usually suggests a decrease in leverage use by traders.
However, on-chain borrowing activities reportedly saw new vitality, a potential key indicator that some market participants are anticipating an imminent breakout.
Unshakable trend in Bitcoin accumulation
A powerful and enduring narrative that strengthens Bitcoin’s bullish and enduring narrative is the continuous and accelerated accumulation of BTC by the corporate treasury.
The listed company currently holds approximately 809,100 btc, reportedly worth around $85 billion. This figure represents almost double the company’s Bitcoin Holdings compared to a year ago.
This important uptake is driven by a combination of factors including positive regulatory changes and recent accounting changes that make it easier for businesses to recognize the benefits of holding Bitcoin.
This trend in corporate recruitment highlights the fundamental belief in Treasury protected assets for Bitcoin’s long-term value proposition and its usefulness.
“The expectations for strong continued Bitcoin remain,” Gaberzik declared, suggesting that this institutional and corporate purchasing pressure is an important pillar supporting the current strength of the market and future potential.
As Bitcoin consolidates and traders navigate short-term uncertainty, the underlying accumulation of large entities provides a strong foundation for ongoing optimism.
