US Supreme Court Ruling: What’s Next for Bitcoin? Here’s Where the Bulls and Bears Stand

Summary: Bitcoin is currently at a pivotal moment as the market anticipates a significant ruling from the US Supreme Court regarding the legality of Trump-era tariffs, which could have profound effects on global markets. This decision coincides with the release of US unemployment data, heightening the stakes for cryptocurrencies and other risk assets.

Key Takeaways:

Bitcoin is trading at around $90,383, within a tight range amid rising uncertainty.
The Supreme Court's ruling on tariffs is expected to impact trader sentiment significantly.
Support for Bitcoin is found at $87,094, while resistance is noted at $90,880 and above.
Market volatility is anticipated in light of the upcoming legal and economic news.

Bitcoin’s Price at a Crucial Junction

As of now, Bitcoin is trading at $90,383, caught in a narrow trading bracket that signifies an increase in uncertainty.

Bitcoin (BTC) Price Performance

The price has been stalled between solid support from bulls and formidable resistance from bears. Nevertheless, both sides are holding their positions, anxiously awaiting more definitive signals.

Analyst Kyle Doops noted, “This isn’t a routine legal update… The legality of broad tariffs set during emergency powers is at stake, with over $130 billion in potential annual tariff revenue implicated… A decision made today does not eliminate tariffs but clarifies which aspects of the current trade policies remain, affecting revenue, inflation, and global trade strategy moving forward.”

The US Supreme Court is expected to announce its ruling at 10:00 a.m. ET on whether the tariffs introduced during the Trump presidency are lawful. This outcome could serve as a pivotal moment that shapes market sentiment. Many in the market believe tariffs will remain in place, influencing inflation predictions, corporate earnings, and forecasts for trade-sensitive growth.

Some traders have suggested that if the tariffs are deemed invalid, it might improve conditions for risk assets: “If the Supreme Court invalidates Trump’s tariffs, Bitcoin’s local bottom may have already been reached. Clarity in the markets would ease cost pressures, enhance corporate earnings predictions, and reignite risk-on investments,” shared analyst Fefe Demeny.

However, market sentiment is mixed. Polymarket data indicates a 26% chance that the Court will rule in favor of the tariffs, suggesting that expectations are skewed. A surprise ruling could lead to significant market adjustments.

Odds of Supreme Court Ruling in Favor of Trump Tariffs

This legal decision comes on the heels of the US unemployment report, scheduled for release at 8:30 a.m. ET. Crypto Rover emphasizes that the timing could heighten market instability: "Bitcoin fell below $90,000 as traders prepare for both the unemployment report and the Supreme Court ruling,” noting that the next day could be highly volatile.

Where Are the Bulls and Bears Positioned?

On-chain data provided by Glassnode reveals that bulls have established a firm support level at $87,094, where numerous Bitcoin transactions have previously occurred. This price point allows holders to remain in profit, reducing the likelihood of selling and creating a natural support area.

Bitcoin Realized Price Distribution for Bulls

If prices drop, this level is expected to absorb selling interest. A secondary fallback for bulls is at $84,459, a deeper cost-basis support point if the first level fails.

Resistance starts at $90,880, where holders are nearing breakeven, leading to potential distribution as the price increases. Data from Glassnode indicates even stronger resistance around $92,143 due to a significant cluster of underwater supply that could heighten selling pressure.

Bitcoin Realized Price Distribution for Bears

Until bulls decisively reclaim $90,880, bears will continue to maintain tactical control over the upward price movement.

Analyzing Trading Volume and Market Standoff

The TradingView Volume Profile supports this analysis, where aggressive buying is evident between approximately $89,800 and $90,300, marking a short-term defensive line for bulls (represented by green horizontal bars). Conversely, selling pressure repeatedly arises between $91,200 and $92,000, where bears consistently limit upward movements (shown as red horizontal bars).

Bitcoin (BTC) Price Performance

This creates a classic compression structure, with price movements constrained between demand from below and supply from above, characterized not by tranquility, but by a delicate balance. With Bitcoin positioned between bullish support and bearish resistance, the market is effectively poised for a breakout.

A clear movement above $92,000 could compel bears to cover, accelerating momentum. Conversely, a drop below the $89,500–$90,000 range could lead to further downward retracement into the high $80,000s.

In conclusion, the Supreme Court ruling represents the most immediate factor that could disrupt this stalemate, with both bulls and bears anxiously awaiting its implications for market dynamics.