Bitcoin hovered near the $90,000 level on Friday as traders largely stayed on the sidelines, awaiting a potential U.S. Supreme Court ruling on trade tariffs widely viewed as a near-term volatility catalyst for risk assets.
BTC price action remained indecisive around the Wall Street open, reflecting a broader lack of conviction across markets. Traders showed little appetite for new positions as uncertainty surrounding U.S. trade policy overshadowed otherwise notable macroeconomic developments.
Market participants are closely watching the Supreme Court, where a ruling on existing tariff measures could land as soon as Friday. Analysts say the decision could influence global risk sentiment, with knock-on effects for equities, currencies, and crypto markets.
While attention remained fixed on tariffs, U.S. labor data released earlier in the day came in weaker than expected. The data reinforced expectations that the Federal Reserve will keep interest rates unchanged at its upcoming policy meeting, a view already priced into markets.
Despite the macro backdrop, Bitcoin traders continued to describe current conditions as rangebound. Price has largely oscillated within a narrow band for weeks, frustrating both bullish and bearish setups.
Several market watchers pointed to key technical levels, with $88,000 and $92,000 acting as near-term boundaries. A lack of decisive follow-through has kept short-term traders cautious, with many opting to wait for a confirmed breakout before re-engaging.
For now, Bitcoin remains stuck in a holding pattern, with traders signaling that clarity from policymakers—not technical signals alone—may be required to break the deadlock.
