With global markets still in turmoil over the Trump tariffs, and the ongoing tit-for-tat punitive counter-tariffs between the US and China, Bitcoin may be forming a bottom after a more than 30% correction. Could a breakout take place soon?

Trump tariffs will be negotiated

On the one hand, things are looking bleak for Bitcoin as the economic and geopolitical environments remain uncertain and counter productive to any kind of market recovery.

On the other hand, with the 90-day pause for countries that have had tariffs imposed upon them, this provides a window for some negotiated deals that could reduce the number of countries on the Trump administration’s tariff list.

Of course, there is still China, the one country that still has tariffs imposed upon it, and with no 90-day let up. The …