NVIDIA Mirrors Bitcoin Setup as Trump’s Tariff Refunds Hit
BeInCrypto
NVIDIA stock is mirroring Bitcoin’s bull flag pattern and volatility, potentially targeting $250 following favorable US tariff refund news.Summary
NVIDIA (NVDA) stock is currently exhibiting technical patterns and volatility levels that closely mirror Bitcoin, suggesting institutional investors may be treating both assets similarly. Both have formed a bull flag pattern following simultaneous March lows and rallies. A key catalyst for NVDA is the US Supreme Court's ruling against past tariff policies, which triggers significant refunds for importers and lowers cost pressures on semiconductor supply chains. If NVDA closes above the $201.75 resistance level, technical analysis projects a move toward a $250 price target.
(Source：BeInCrypto)