Bitcoin currently finds itself at a pivotal crossroads as investors prepare for an unusual alignment of legal and economic events. The US Supreme Court is poised to deliver a verdict on the legitimacy of tariffs imposed during the Trump administration, coinciding closely with the release of fresh US unemployment figures.
This convergence has created a narrow window fraught with risk for various assets, cryptocurrencies included.
Bitcoin Traders Await Supreme Court Verdict With Caution
At present, Bitcoin’s price hovers around $90,383 within a tight range that signals hesitation rather than decisive movement.
The market action shows stagnation between solid support levels upheld by buyers and resistance zones defended by sellers. Yet, both technical indicators and blockchain analytics suggest that neither side is ready to yield without clearer direction.
“This isn’t just another routine legal update. The question concerns whether broad tariffs enacted under emergency powers are lawful — potentially impacting over $130 billion in annual tariff revenue. This ruling addresses fundamental authority and structure rather than minor adjustments. Even if some tariffs are struck down, others remain intact under different laws. Any rollback would likely be partial, gradual, and complicated,” explained analyst Kyle Doops. “Today’s decision won’t end tariffs but will define how much of the current trade framework persists and increase uncertainty around revenue streams, inflation trends, and global trade policies.”
The Market Faces a Decisive Macro Event
The Supreme Court’s decision—expected at 10:00 AM ET—will clarify whether Trump-era tariffs stand on firm legal ground.
This outcome could act as a significant pivot point for market sentiment since many traders have factored these tariffs into their inflation expectations, earnings projections, and growth forecasts sensitive to trade dynamics.
Certain analysts believe invalidating these tariffs might ultimately benefit riskier assets like cryptocurrencies.
“If today’s ruling nullifies Trump’s tariffs,” said analyst Fefe Demeny, “we could see Bitcoin—and crypto more broadly—establishing local bottoms. Markets would gain clarity; cost pressures would ease; corporate earnings outlooks improve; risk appetite returns.”
However, consensus remains divided: Polymarket data assigns only about a 26% probability that the court will uphold the tariffs—a sign that expectations are skewed heavily toward one side—and any surprise verdict could trigger sharp price swings.
The judicial announcement follows shortly after an important labor report due at 8:30 AM ET—a sequence Crypto Rover warns heightens volatility risks significantly:
“Bitcoin slipped below $90K again as markets brace for today’s US jobs data alongside the Supreme Court tariff ruling,” he noted cautiously about potential turbulence in coming hours.
Bulls Guard Support Zones While Bears Hold Resistance Levels
On-chain metrics from Glassnode reveal strong buyer presence near $87,094—the last major volume cluster where many holders remain comfortably profitable—which tends to serve more as steady support than aggressive accumulation territory.
If prices retreat further below this mark lies secondary support near $84,459 where deeper cost-basis positions reside should initial defenses fail.
On the upside resistance begins around $90,&880 where numerous holders hover close to breakeven points creating selling pressure during rallies.
Further supply congestion exists near $92,&143 marked by large amounts of underwater coins likely amplifying bearish pressure.
Until bulls can decisively push past this upper boundary bears maintain tactical control over upward momentum.
Volume Profiles Reinforce Market Impasse
TradingView volume analysis confirms concentrated buying activity roughly between $89,&800–$90,&300 forming short-term bull defense (green bars).
Conversely repeated sell-offs occur between approximately $91,&200–$92,&000 capping upside attempts (red bars).
This results in classic compression patterns characterized not by calm but equilibrium balancing demand below against supply above keeping volatility suppressed.
With Bitcoin squeezed tightly between bullish supports underneath versus bearish ceilings overhead markets await clear triggers before committing directionally.
A sustained break above ~$92K may force shorts out causing momentum spikes whereas slipping beneath ~$89.&600-$90K exposes vulnerability toward lower retracements into high-$80Ks territory.
The imminent Supreme Court judgment represents perhaps today’s most potent catalyst capable of shattering this stalemate—with bulls & bears locked patiently awaiting which macro forces prevail.
The article originally appeared on BeInCrypto detailing how upcoming rulings may shape Bitcoin's trajectory amid intense market anticipation.