Analyst: Once the "tariff threat" is over, Bitcoin may rise to $120,000 this month.

Gate News bot reports that Swyftx chief analyst Pav Hundal warns that the ongoing tariff uncertainty from President Trump is the biggest risk facing Bitcoin investors in the next two months: "The biggest threat to long positions right now is that there will be no changes in the next two months, and we can only continue to be stuck in this endless cycle of tariff ultimatums."

Hundal stated that U.S. policymakers may delay monetary easing until they obtain "hard data" on the impact of Trump’s tariffs, which could lead to a "slowdown in economic growth."

On May 7, due to the rising unemployment rate and the increasing risks of inflation, the Federal Reserve's rate-setting committee kept the interest rate unchanged in the range of 4.25% to 4.50%.

Hundal believes that if uncertainty continues to exist, it will cast a shadow over the risk appetite market. "If the shorts exhibit an 'I told you so' sentiment, Bitcoin could drop back below $100,000."

He also stated that the best-case scenario is the end of the "tariff threat," as this would create a "glide path" for Bitcoin to reach $120,000 in June.

Source: Cointelegraph