Bitcoin Price Prediction: $100K Target Fades as Digital Gold Narrative Weakens Amid Trump Tariff News

The prospect of Bitcoin reaching $100,000 faces renewed skepticism as its perceived role as "digital gold" is challenged. Recent market volatility, triggered by former President Donald Trump's threats of imposing significant tariffs, has pressured BTC price. Analysts note that Bitcoin's correlation with risk assets has increased during the geopolitical uncertainty, undermining its narrative as a safe-haven asset uncorrelated to traditional markets. This event marks another test for the flagship cryptocurrency's store-of-value thesis, with key support levels being watched closely by traders. The market reaction highlights Bitcoin's ongoing sensitivity to macro-economic announcements and trade policy developments.