Bitcoin prices 86 thousand USD, because Trump’s tariff relief increases the chances of a breakthrough

Published on:

Bitcoin (BTC) reached the peak of eleven days on April 13, when the rally in Crypto Market carefully followed the changes in financial policy in the USA.

BTC/1-hour chart. Source: Cointelegraph/TradingView

Bitcoin traders say Brace for greater volatility

Data from CointeLraph Markets Pro i TradingView He showed BTC/USD, reaching USD 86,000 for the first time from April 2.

The couple reacted well to the news that US President Donald Trump decided to exclude some key products from his ongoing trading tariffs against China.

Classic markets are closed on weekends-creating a lower credibility of trade in cryptographic markets and increasing the chance of Cencoin Cencoin variability will fall below USD 84,000.

With working hours to the weekly closure, BTC/USD was In this way by 7% For a week it began with a trip to up-to-date five -month minima.

Commenting, traders were cautious compared to the strength of the BTC price.

Daan Crypto Trades noticed a ongoing group with a 200-day interpreter movable average (EMA) at USD 85,000.

“However, this is a weekend movement and we know that next week it will be unstable with messages about tariffs and the first large technological earnings”, part Post on X To read.

1-day BTC/USD chart with 200 EMA. Source: Cointelegraph/TradingView

Known trader Peter described Reflection from falls as looking “more repair than impulsive”.

2-hour BTC/USD chart. Source: Peter Brandt/X.

Meanwhile, the popular salesman and Rekt Capital analyst saw a real obstacle to the reflection of the Bitcoin bulls market, which appeared in the form of a stubborn long -term daily decline.

“Bitcoin closed above the inheritance every day. So confirmation of the breakthrough is in progress,” one of its latest updates x explained next to the illustration chart.

“However, BTC has previously closed above the inheritance factor, but it was not possible to test again (several red wheels). RATEST must be successful and is pending.”

1-day BTC/USD chart. Source: Rekt Capital/X.

According to CointeLgraph, daily leaving, on the spot from the end of 2024, is intended as a key obstacle to overcome bulls.

Related: Bollinger Bands Creator says Bitcoin creates a “classic” floor near $ 80,000

RSI Bullly Divergence is still in the game

Subsequent fields promising signals of the relative indicator of the Bitcoin force indicator (RSI).

A classic leading indicator, RSI still prints another stubborn discrepancy with the price in everyday time frames.

“Bitcoin develops another higher low RSI low temperature, while creating lower minimum prices,” summed Capital Rekt.

“In general, during the Bitcoin cycle they created such stubborn discrepancies, several times. Each bull Div preceded the reversal upwards.”

1-day BTC/USD chart with RSI data. Source: Rekt Capital/X.

This article does not contain investment advice or recommendations. Each investment and commercial movement involves risk, and readers should conduct their own research when making decisions.

Related

Leave a Reply

Please enter your comment!
Please enter your name here