BTC price has managed to stay above the $80,000 level as volatility wrecked US stock markets on April 3 and April 4.
The failure of the bears to capitalize on the opportunity shows a lack of selling at lower levels.
US President announced reciprocal tariffs on several countries on April 2.
The fall in the US markets deepened on April 4 after China announced a retaliatory tariff of 34% on all imported US goods starting April 10.
Bitcoin rose above the resistance line on April 2, but the price turned down sharply and broke below the 20-day exponential moving average ($84,483)
The bears will have to sink the price below the $80,000 support to strengthen their position. If they do that, the BTC/USDT pair could retest the March 11 low of $76,606. Buyers are expected to defend this level with all their might because a break and close below $76,606 could sink the pair to $73,777 and eventually to $67,000.
The crucial resistance to watch out for on the upside is $88,500. A break and close above this level will signal that the corrective phase may be over. The pair could then start its journey toward $95,000.
