Trump's Comments Stir Bitcoin Volatility as Rally Stalls Near $100K

Bitcoin price found some steady support at the $103,110 mark on Saturday, May 17 after Trump’s bold policy statements provided directional hints around Fed cuts and geopolitical risks.

Trump’s Comments Stir Bitcoin Volatility as Rally Stalls Near $103K

Bitcoin (BTC) stalled its strong May rally on Friday, closing marginally lower at $103,110 after hitting intra-day highs of $103,677.

The crypto behemoth is now handling a crucial support level ahead of a potential rebound towards $105,000.

The modest retreat follows a week of gains exceeding 7%, driven by speculation of looser monetary policy under a Trump-led White House comeback.

“The Fed should cut rates sooner, rather than later. We are in a GREAT position economically, and the time is NOW!” Trump openly criticized Jerome Powell in a post on Truth Social.

His remarks applied renewed pressure on the central bank ahead of its June meeting. Bitcoin, which has historically shown sensitivity to shifts in interest rate outlooks, reacted by flattening out gains from earlier sessions.

Adding to investor hesitation were Trump’s planned calls with Vladimir Putin and Volodymyr Zelenskyy, intended to broker a ceasefire in the ongoing Russia-Ukraine conflict.

What’s Next for Bitcoin Price?

With volatility now returning and Trump re-entering the global policy arena, Bitcoin traders are entering a period of heightened uncertainty. Next week’s scheduled call between Trump and Putin, should it proceed, could impact risk assets across the board, including BTC.

For Bitcoin markets, a ceasefire between Russia and Ukraine could be significant. By normalizing trade relations with Oil-Rich Russia, it could lower power costs for miners, and cool industrial inflation.

Both of these potential scenarios could prompt speculative traders into upping their capital outflows as BTC price continues to consolidate above $100,000 for the tenth day running.

If the $103,000 level holds through the weekend, BTC could stage another attempt at $105,000, especially if Fed Chair Powell signals openness to earlier cuts.

Bitcoin Price Forecast Today: $105K Rebound ahead if $100,000 Holds

Bitcoin price forecast signals indicate short-term consolidation as bullish momentum stalls at $103,000 on Saturday, following multiple failed attempts at reaching new all-time-highs during the week.

Despite a 0.5% intraday pullback, technical indicators on TradingView chart below suggest a broader bullish structure remains intact, potentially setting the stage for a renewed push toward the $105,000 level.

The Bollinger Bands are widening, indicating sustained volatility, while BTC price is holding near the upper band, suggesting persistent buying interest. The Parabolic SAR dots remain below the candlesticks, supporting a bullish bias in the short term.

However, waning momentum is evident in the MACD histogram, which is flattening and has begun to turn red, while the MACD line is crossing slightly below the signal line — an early warning of potential cooling.

With the $100,000 support now holding steady for 10 consecutive days, Bitcoin price appears well-insulated against downside swings toward the lower Bollinger Band around $91,300.

Frequently Asked Questions (FAQs)

1. Why did Bitcoin stall near $103K on May 17, 2025?

2. How could Trump’s Fed comments affect Bitcoin?

3. What’s the significance of the $100K support level?

News data source: kdj.com

The above is the detailed content of Bitcoin (BTC) price finds steady support at the $103,000 mark on Saturday, May 17 after Trump's bold policy statements. For more information, please follow other related articles on the PHP Chinese website!