NextFin news, On Saturday, October 4, 2025, Bitcoin’s price rallied above $122,000, testing key technical resistance levels as it faces potential volatility triggered by the U.S. Supreme Court’s upcoming rulings on former President Donald Trump’s tariff authority and influence over the Federal Reserve.
The Supreme Court is set to review the legality of Trump’s sweeping import tariffs imposed under the International Emergency Economic Powers Act. If the Court invalidates these tariffs, it could strengthen the U.S. dollar and exert downward pressure on Bitcoin. Conversely, if Trump retains tariff powers, renewed trade tensions may undermine confidence in fiat currencies, potentially driving investors toward Bitcoin as a hard asset hedge.
Simultaneously, the Court will consider Trump’s attempt to remove Federal Reserve Governor Christopher Cook, which, if successful, could increase presidential control over the Fed. This scenario might lead to artificially low interest rates and heightened inflation fears, conditions historically favorable to Bitcoin’s price appreciation as an inflation hedge.
Bitcoin’s technical indicators reflect this uncertainty. The cryptocurrency has broken above its 20-day moving average and is approaching the upper Bollinger Band, signaling strong momentum but also potential overbought conditions. Key resistance levels to watch are $125,000, $127,000, and $130,000, while support is identified around $118,000, $115,000, and $110,000.
Market analysts note that if the Court restricts Trump’s powers, monetary policy stability and reduced trade war risks could strengthen the dollar, prompting profit-taking in Bitcoin and a possible price retracement to the $115,000 range. However, if Trump’s powers are upheld, Bitcoin could capitalize on inflation concerns and trade uncertainties, potentially pushing prices toward $130,000 or higher.
This legal and economic backdrop places Bitcoin at a critical juncture, with its near-term price direction closely tied to the Supreme Court’s decisions. Traders and investors are advised to monitor both the Court’s rulings and Bitcoin’s technical signals to gauge the cryptocurrency’s potential continuation or reversal of its current bull run.
Source: CryptoTicker, October 4, 2025, cryptoticker.io
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