Bitcoin Price Prediction: Trump Pardons CZ Ignite Long Positions, BTC Welcomes Breakthrough Aiming for 120,000 USD

Trump pardons Binance founder CZ, ending an 11-month legal dispute. The White House statement aims to “restore fairness in cryptocurrency policy,” boosting market sentiment, with Bitcoin rising by 2.5%. Meanwhile, the EU imposes the 19th sanction on Russian exchanges and ruble stablecoins, highlighting the neutral value of Bitcoin and pushing it to challenge $120,000.

Trump pardons CZ indicating a shift in the US crypto stance

(Source: X)

After 11 months of legal and political debate, Binance founder CZ was pardoned by U.S. President Donald Trump, ending the “Crypto Assets War” as described by Trump against the Biden administration. After Binance admitted to violations of U.S. anti-money laundering laws, CZ was sentenced to four months in prison. Reportedly, CZ's release came after Binance provided technical and lobbying support for Trump's crypto company, World Liberty Financial.

A statement from the White House indicated that the purpose of this pardon is to “restore fairness in cryptocurrency policy” and address politically driven prosecution issues. This move may also allow Binance, which has turned to overseas operations due to regulatory pressure, to return to the U.S. market. The statement boosted market sentiment, with Bitcoin rising 2.5%, as investors believe that Trump's decision signals a relaxation of cryptocurrency regulation ahead of anticipated policy reforms.

The recent pardon holds significant meaning for Bitcoin price predictions, as it signifies a fundamental shift in the U.S. regulatory stance. During the Biden administration, the SEC took a tough position on the crypto industry, filing lawsuits against major companies like Ripple Labs. After Trump took office, these cases were either dismissed or settled, indicating the new government's supportive attitude towards the crypto industry. CZ's pardon further confirms this policy shift, clearing legal obstacles for Binance's return to the U.S. market.

Binance is the largest Crypto Assets exchange in the world, with a daily trading volume exceeding tens of billions of dollars. If Binance can return to the U.S. market under a regulatory framework, it will provide more liquidity options for U.S. investors and may attract other offshore exchanges back. From the perspective of Bitcoin price predictions, this regulatory-friendly environment will reduce systemic risks in the market, enhance institutional investor confidence, and provide fundamental support for Bitcoin to break historical highs.

EU sanctions against Russia highlight the neutral value of Bitcoin

The European Union has imposed direct sanctions related to cryptocurrency on Russia for the first time, banning Russian cryptocurrency exchanges and A7A5 ruble-backed stablecoins, which is part of the 19th sanction measure since the invasion of Ukraine. These measures also restrict the distribution of cryptocurrency payment software within the EU and target a Kyrgyz stablecoin issuer and an unnamed trading platform associated with large transactions involving A7A5. EU officials claim that A7A5 is being used to fund Russia's military operations and evade sanctions.

The EU has also placed banks and oil traders from the UAE, Hong Kong, Kyrgyzstan, and Tajikistan on its watchlist to assist in circumventing sanctions. This crackdown has once again raised global attention to the neutrality of Bitcoin, as regulatory controls tighten and investors turn to decentralized non-sovereign assets, resulting in a 0.8% increase in Bitcoin prices.

From the perspective of Bitcoin price prediction, the EU's sanctions have dual significance. On one hand, it shows that governments are strengthening regulatory control over Crypto Assets, particularly targeting centralized exchanges and stablecoins. On the other hand, this regulatory pressure highlights Bitcoin's unique value as a decentralized, censorship-resistant asset. When centralized stablecoins and exchanges become targets of sanctions, Bitcoin's neutrality and permissionless nature make it a hedge choice.

The divergence in regulatory attitudes between the East and the West has created a unique market environment for Bitcoin. Under Trump's relaxed regulatory policies, the United States is attracting crypto firms back, while the European Union has adopted stricter compliance requirements. Against this backdrop, Bitcoin, as a global and neutral asset, can benefit from both trends: the acceleration of institutional adoption in the U.S. and the increasing demand from European investors for censorship-resistant assets.

Hardware Wallet Upgrade Boosts Market Confidence

Hardware wallet manufacturers Trezor and Ledger have launched new models for 2025, each focusing on stronger security and long-term self-custody. Ledger's Nano Gen5 is priced at $179, featuring a larger screen, Bluetooth support, and a brand new Ledger Multisig security protocol. The device is designed by Apple veterans Susan Kare and Tony Fadell, aimed at enhancing transaction verification and overall user experience.

The price of Trezor's Safe 7 is 249 euros, making it the company's first wallet to support quantum computing, equipped with dual security chips, wireless charging, and forward-looking encryption technology to withstand advancements in quantum computing. Both companies have confirmed that they will continue to support older models through firmware updates. Following its launch, Bitcoin rose by 1.2%, reflecting increased market confidence in secure storage solutions and a growing preference among users for self-hosted wallets.

The upgrade of hardware wallets plays a subtle yet important role in Bitcoin price predictions. When investors choose to transfer Bitcoin from the exchange to cold wallets, they are effectively reducing the tradable supply in the market. This “HODLer” behavior typically occurs when investors are confident about the long-term outlook, and the technological upgrades of hardware wallets (especially quantum resistance features) further reinforce this confidence.

Bitcoin Price Prediction: Symmetrical Triangle Breakout Target 120,000 USD

(Source: Trading View)

The trading price of Bitcoin (BTC/USD) is approximately $109,576. On the 4-hour chart, as the price consolidates within a symmetrical triangle, a tug-of-war is evident between bulls and bears. This pattern typically indicates that a breakout (either upward or downward) is imminent as volatility compresses.

The chart shows that Bitcoin has formed a series of rising lows around $107,350, indicating that support is steadily accumulating, while repeatedly retreating around $111,750 highlights persistent selling pressure. The 20-day moving average and the 50-day moving average remain flat, reinforcing this neutral stance, but if BTC closes above the triangle midline, a bullish crossover may occur.

The candlestick chart trend reflects market hesitation: Recently, the doji and spinning top candlestick patterns are close to resistance levels, indicating uncertainty among buyers. However, the RSI indicator remains balanced at 51, leaving room for momentum accumulation in either direction. If Bitcoin breaks through $111,750, Bitcoin price predictions suggest traders can expect it to rise to $115,900, and possibly even reach $120,000, thereby confirming a new bullish momentum.

On the contrary, if the closing price falls below $107,350, the above setup will fail, and deeper support levels will be at $104,500 and $101,100.

Exchange Setting Recommendations:

Buy Zone: Above $111,800 (Confirmation Breakout)

Target: $115,900 and $120,000

Stop Loss: Below $109,000

For novice traders, it is best to wait for a clear breakout candlestick with volume confirmation—preferably a bullish engulfing pattern breaking the resistance level, or a wide-range bullish candle breakout. Before this, Bitcoin's consolidation within the triangle indicates that the market is in a calm state before the next major move. Trump's pardon decision and the EU's sanctions provide a fundamental catalyst for this breakout, making the probability of an upward breakout higher than a downward breakdown.