The rising conflict between the United States and the European Union has weighed down on a weakening greenback against major global currencies.

The cryptocurrency market, led by Bitcoin (BTC), has emerged as a better alternative for investors seeking to hedge against macroeconomic uncertainties.

The U.S. dollar weakened further on Wednesday, extending losses from the previous session as the rising conflict between the United States and the European Union weighed on the greenback.

Meanwhile, the cryptocurrency market, led by Bitcoin (BTC), emerged as a better alternative for investors seeking to hedge against macroeconomic uncertainties.

Three states – New Hampshire, Arizona, and Texas – have approved the strategic Bitcoin reserve bills in both the senate and House since the Doland Trump administration took office earlier in 2025.

In the past six days, Bitcoin’s investment products recorded a net cash inflow of about $2.3 billion, according to market data from CoinShares.

At the same time, CME futures and options markets are leaning towards bullish sentiment on BTC price ahead of its potential breakout from the crucial resistance level of $100k.

This will push BTC price into the euphoric phase of the 2025 crypto bull run.

Bitcoin Price Expectations in the Midterm

In the 1-hour timeframe, BTC price has been rising in a parallel channel since a local low of about $74.8k earlier in April.

Earlier this week, BTC price was rejected at the upper border of the rising channel and is now signaling a drop towards the lower border.

Moreover, the 1-Hour MACD line has already dropped below the zero line and the histograms have been growing in a bearish fashion in the past two days.

In the daily timeframe, BTC price has been following an almost similar fractal pattern to the Q4 2024 bullish breakout.

If BTC price consistently closes above the upper border of the established rising channel in the coming days, a potential rally towards $140k will be inevitable.

However, a consistent close below the lower border of the rising channel will trigger a rejuvenated bearish pressure potentially towards $74k again.