04-13-2025, 03:28 PM
Bitcoin price tags $86K as Trump tariff relief boosts breakout odds
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjJmMzctYWVkZS03OGRmLTlhZTYtNzQ1NzA5YjNhNDVk.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjJmMzctYWVkZS03OGRmLTlhZTYtNzQ1NzA5YjNhNDVk.jpg" alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) hit an eleven-day high on April 13 as the crypto market relief rally closely tracked US financial policy changes.<figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f53-029b-7311-b384-c7ab612f5d42" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-hour chart. Source: Cointelegraph/TradingView</em></p></figcaption></figure><h2>Bitcoin traders say brace for more volatility</h2><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> showed BTC/USD reaching $86,000 for the first time since April 2.</p><p>The pair had reacted well to news that US President Donald Trump had decided to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-exempts-select-tech-products-tariffs-crypto-benefit" rel="null" target="null" text="null" title="null">exclude certain key products</a> from his ongoing trade tariffs against China.</p><p>Traditional markets are closed on weekends —creating lower-liquidity trading in crypto markets and raising the chance for price volatility— with Bitcoin subsequently dropping under $84,000.</p><p>With hours to go until the weekly close, BTC/USD was <a data-ct-non-breakable="null" href="https://www.coinglass.com/today" rel="nofollow noopener" target="_blank" text="null" title="https://www.coinglass.com/today">thus up 7% </a>for the week, having started with a trip to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-at-risk-of-new-5-month-low-near-71-k-if-tariff-war-and-stock-market-tumult-continues" rel="null" target="null" text="null" title="null">new five-month lows</a>.</p><p>Commenting, traders were cautious over BTC price strength.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Call me crazy but I don’t think I trust this breakout on <a href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw">$BTC</a>.<br><br>Low volume, overbought stoch, and on a weekend.<br><br>If we can remain over 84k through Monday I’ll look for higher but for now this seems sketchy. <a href="https://t.co/qKVdYAOYPJ">pic.twitter.com/qKVdYAOYPJ</a></p>— Roman (@Roman_Trading) <a href="https://twitter.com/Roman_Trading/status/1911152074571882857?ref_src=twsrc%5Etfw">April 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>Daan Crypto Trades noted the ongoing interplay with the 200-day exponential moving average (EMA) at $85,000.</p><p>“This is however still a weekend move so far and we know next week will be volatile again with news regarding tariffs and the first big tech earnings coming up,” part of a <a data-ct-non-breakable="null" href="https://x.com/DaanCrypto/status/1911367570290065432" rel="null" target="null" text="null" title="null">post on X</a> read.</p><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f52-3b95-7707-9451-dac387d05c86" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with 200 EMA. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Well-known trader Peter <a data-ct-non-breakable="null" href="https://x.com/PeterLBrandt/status/1911403657527959762" rel="null" target="null" text="null" title="null">described</a> the rebound from the lows as looking “more corrective than it does impulsive.”</p><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f4e-7f9b-757b-8b01-be9acf04f607" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 2-hour chart. Source: Peter Brandt/X</em></p></figcaption></figure><p>Popular trader and analyst Rekt Capital meanwhile saw the true hurdle to a Bitcoin bull market rebound coming in the form of a stubborn long-term daily downtrend.</p><p>“Bitcoin has Daily Closed above the Downtrend. Thus, breakout confirmation is underway,” one of his latest X updates <a data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1911364496435576921" rel="null" target="null" text="null" title="null">explained</a> alongside an illustrative chart.</p><blockquote>“However BTC has previously Daily Closed above the Downtrend but failed its retest (a few of the red circles). Retest needs to be successful and it is in progress.”</blockquote><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f4f-0fc5-7c01-af29-11ac05364843" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart. Source: Rekt Capital/X</em></p></figcaption></figure><p>As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-just-ditched-3-month-downtrend-key-shift-begins" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-just-ditched-3-month-downtrend-key-shift-begins">Cointelegraph reported</a>, the daily downtrend, in place since late 2024, is earmarked as a key hurdle for bulls to overcome.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bollinger-band-creator-bitcoin-forming-classic-floor-below-80k" rel="null" target="null" text="null" title="null"><em><strong>Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K</strong></em></a></p><h2>RSI bullish divergence still in play</h2><p>Another post flagged promising signals on Bitcoin’s relative strength index (RSI) indicator.</p><p>A <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-weekly-rsi-hits-bull-market-low-as-trader-sees-70-k-btc-price-bottom" rel="null" target="null" text="null" title="null">classic leading indicator</a>, RSI continued to print another bullish divergence with price on daily timeframes.</p><p>“Bitcoin is developing yet another Higher Low on the RSI while forming Lower Lows on the price,” Rekt Capital summarized.</p><blockquote>“Overall, throughout the cycle Bitcoin has formed Bullish Divergences like this on a few occasions already. Each Bull Div preceded reversals to the upside.”</blockquote><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f4f-b1a7-7679-bdcd-080fc9ee8e64" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X</em></p></figcaption></figure><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br></p></p>
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https://cointelegraph.com/news/bitcoin-p...er_inbound
<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjJmMzctYWVkZS03OGRmLTlhZTYtNzQ1NzA5YjNhNDVk.jpg"></p><p><p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjJmMzctYWVkZS03OGRmLTlhZTYtNzQ1NzA5YjNhNDVk.jpg" alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds"></p><p>Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="null" target="null" text="null" title="null">BTC</a>) hit an eleven-day high on April 13 as the crypto market relief rally closely tracked US financial policy changes.<figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f53-029b-7311-b384-c7ab612f5d42" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-hour chart. Source: Cointelegraph/TradingView</em></p></figcaption></figure><h2>Bitcoin traders say brace for more volatility</h2><p>Data from <a data-ct-non-breakable="null" href="https://subscription.cointelegraph.com/?_gl=1*7499wx*_ga*MTQ0MzQ0NzI4Ny4xNzE2MzY1NTA0*_ga_53R24TEEB1*MTcxNjM2NTUwNC4xLjEuMTcxNjM2Njg2MC4wLjAuMA.." rel="null" target="null" text="null" title="null">Cointelegraph Markets Pro</a> and <a data-ct-non-breakable="null" href="https://www.tradingview.com/symbols/BTCUSD/?exchange=BITSTAMP" rel="null" target="null" text="null" title="null">TradingView</a> showed BTC/USD reaching $86,000 for the first time since April 2.</p><p>The pair had reacted well to news that US President Donald Trump had decided to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/trump-exempts-select-tech-products-tariffs-crypto-benefit" rel="null" target="null" text="null" title="null">exclude certain key products</a> from his ongoing trade tariffs against China.</p><p>Traditional markets are closed on weekends —creating lower-liquidity trading in crypto markets and raising the chance for price volatility— with Bitcoin subsequently dropping under $84,000.</p><p>With hours to go until the weekly close, BTC/USD was <a data-ct-non-breakable="null" href="https://www.coinglass.com/today" rel="nofollow noopener" target="_blank" text="null" title="https://www.coinglass.com/today">thus up 7% </a>for the week, having started with a trip to <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-at-risk-of-new-5-month-low-near-71-k-if-tariff-war-and-stock-market-tumult-continues" rel="null" target="null" text="null" title="null">new five-month lows</a>.</p><p>Commenting, traders were cautious over BTC price strength.</p><blockquote class="twitter-tweet"><p lang="en" dir="ltr">Call me crazy but I don’t think I trust this breakout on <a href="https://twitter.com/search?q=%24BTC&src=ctag&ref_src=twsrc%5Etfw">$BTC</a>.<br><br>Low volume, overbought stoch, and on a weekend.<br><br>If we can remain over 84k through Monday I’ll look for higher but for now this seems sketchy. <a href="https://t.co/qKVdYAOYPJ">pic.twitter.com/qKVdYAOYPJ</a></p>— Roman (@Roman_Trading) <a href="https://twitter.com/Roman_Trading/status/1911152074571882857?ref_src=twsrc%5Etfw">April 12, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p>Daan Crypto Trades noted the ongoing interplay with the 200-day exponential moving average (EMA) at $85,000.</p><p>“This is however still a weekend move so far and we know next week will be volatile again with news regarding tariffs and the first big tech earnings coming up,” part of a <a data-ct-non-breakable="null" href="https://x.com/DaanCrypto/status/1911367570290065432" rel="null" target="null" text="null" title="null">post on X</a> read.</p><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f52-3b95-7707-9451-dac387d05c86" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with 200 EMA. Source: Cointelegraph/TradingView</em></p></figcaption></figure><p>Well-known trader Peter <a data-ct-non-breakable="null" href="https://x.com/PeterLBrandt/status/1911403657527959762" rel="null" target="null" text="null" title="null">described</a> the rebound from the lows as looking “more corrective than it does impulsive.”</p><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f4e-7f9b-757b-8b01-be9acf04f607" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 2-hour chart. Source: Peter Brandt/X</em></p></figcaption></figure><p>Popular trader and analyst Rekt Capital meanwhile saw the true hurdle to a Bitcoin bull market rebound coming in the form of a stubborn long-term daily downtrend.</p><p>“Bitcoin has Daily Closed above the Downtrend. Thus, breakout confirmation is underway,” one of his latest X updates <a data-ct-non-breakable="null" href="https://x.com/rektcapital/status/1911364496435576921" rel="null" target="null" text="null" title="null">explained</a> alongside an illustrative chart.</p><blockquote>“However BTC has previously Daily Closed above the Downtrend but failed its retest (a few of the red circles). Retest needs to be successful and it is in progress.”</blockquote><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f4f-0fc5-7c01-af29-11ac05364843" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart. Source: Rekt Capital/X</em></p></figcaption></figure><p>As <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-price-just-ditched-3-month-downtrend-key-shift-begins" rel="" target="_self" text="null" title="https://cointelegraph.com/news/bitcoin-price-just-ditched-3-month-downtrend-key-shift-begins">Cointelegraph reported</a>, the daily downtrend, in place since late 2024, is earmarked as a key hurdle for bulls to overcome.</p><p><em><strong>Related: </strong></em><a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bollinger-band-creator-bitcoin-forming-classic-floor-below-80k" rel="null" target="null" text="null" title="null"><em><strong>Bollinger Bands creator says Bitcoin forming 'classic' floor near $80K</strong></em></a></p><h2>RSI bullish divergence still in play</h2><p>Another post flagged promising signals on Bitcoin’s relative strength index (RSI) indicator.</p><p>A <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-weekly-rsi-hits-bull-market-low-as-trader-sees-70-k-btc-price-bottom" rel="null" target="null" text="null" title="null">classic leading indicator</a>, RSI continued to print another bullish divergence with price on daily timeframes.</p><p>“Bitcoin is developing yet another Higher Low on the RSI while forming Lower Lows on the price,” Rekt Capital summarized.</p><blockquote>“Overall, throughout the cycle Bitcoin has formed Bullish Divergences like this on a few occasions already. Each Bull Div preceded reversals to the upside.”</blockquote><figure><img alt="Bitcoin price tags $86K as Trump tariff relief boosts breakout odds" src="https://s3.cointelegraph.com/uploads/2025-04/01962f4f-b1a7-7679-bdcd-080fc9ee8e64" title=""><figcaption style="text-align: center;"><p><em>BTC/USD 1-day chart with RSI data. Source: Rekt Capital/X</em></p></figcaption></figure><p class="post-content__disclaimer" type="">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.</p><template data-name="subscription_form" data-type="markets_outlook" label="Subscription Form: Markets Outlook"></template><p><br></p></p>
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https://cointelegraph.com/news/bitcoin-p...er_inbound