Trump to appeal tariff ruling to Supreme Court
After reviewing the movements of the Bitcoin in the weekly chart since I wrote my last analysis on July 15, 2025, explaining the resistance levels after completion of a ‘Cup $ Handle’ formation that set the limit for continued uptrend in July-August, 2025 when the final upside limit was defined by me at $123,229, exactly according to the target set by this ‘Cup $ Handle Formation’, BTC/USD attempted to sustain this resistance on August 14, but couldn’t, and continued to slide downward since then.
Undoubtedly, BTC/USD tested this high after maintaining an uptrend after sustaining the significant support at $74532 in the first week of April 2025 amid buoyed optimism over growing institutional adoption during “Crypto week”, including the Genius Act, Clarity Act, and Anti-CBDC surveillance State Act.
I anticipate that the prevailing optimism over the success of the Anti-CBDC Surveillance State Act in July seems to be fading since July 15th, 2025 as according to the orders, issued by the Office of the President, dated July 15 2025, says that the United States will never allow the creation of a central bank digital currency (CBDC) that could be used to surveil, control, or deplatform American citizens.
Undoubtedly, since the issuance of this order, Bitcoin started to face bearish pressure above a pivotal point at $118850 where every upward move found selling pressure, despite a final bullish attempt to test the next significant resistance at $123229 during the second week of August, 2025, and since then price exhaustion started and pushed the prices back to the immediate support at $10821 where the Bitcoin is trying to hold the immediate support at the 20 DMA at $108564 where a breakdown is possible to push the BTC/USD to test the next support at the 50 DMA at $95653.
I anticipate that the growing concerns over the denting impact of trade tariffs on the global economy could continue to erode optimism over the institutional adoption of Bitcoin as global central banks appear reluctant to include the cryptocurrency as part of their central reserves.
Undoubtedly, a breakdown by Bitcoin below the immediate support at the 50 DMA will push the price to test the next significant support at the 100 DMA at $75104.
Finally, I conclude that if the U.S. President Donald Trump remains silent on the inclusion of crypto currency as part of the American central reserve, BTC/USD could test the final support at the 200 DMA at $52179 in 2025.
Disclaimer: Readers are requested to take any position in Bitcoin at their own risk, as this analysis is based only on observations.