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Highlights
- Bitcoin price steadies at $103,000 on Saturday, May 17, after Trump’s Fed criticism fuels fresh market speculation on potential interest rate cuts.
- Trump-Putin ceasefire talks could influence BTC by lowering energy costs and easing geopolitical risk premiums.
- BTC Support at $100,000 holds firm for 10 days, indicating resilience and setting the stage for a potential $105K breakout.
Bitcoin price finds 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) paused its strong May rally on Friday, closing marginally lower at $103,110 after hitting intra-day highs of $103,677.
The cooling momentum comes amid a flurry of updates from U.S. President Donald Trump, who reignited both macroeconomic and geopolitical discussions.
Bitcoin traders appears to be reassessing bullish risk sentiment following his statements on Federal Reserve policy and an unexpected announcement regarding high-level talks with Russian President Vladimir Putin.
“The Fed should cut rates sooner, rather than later.” Trump openly criticized Jerome Powell in a Truth Social post on Saturday, May 17, 2025.
His remarks underscored 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.
The day’s modest retreat followed a week of gains exceeding 7%, driven by speculation of looser monetary policy under a Trump-led White House comeback.
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 back on the rise 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 indusrial inflation.
Both of these potential scenarios could prompt speculative traders into upping their capital inflows 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 pauses $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 swing 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?
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