Focus on $88,000 resistance before $100K
Bitcoin reached $84,000 on Wednesday, up 8% after Trump's tariff rollback.
Larry Fink, CEO of Blackrock, projected on Monday that tariffs would lower world markets by 20%, calling it a “buying opportunity”.
Tech indications imply BTC might hit a sell-wall near $85,000 if traders take gains early.
Trump removed worldwide tariffs, pushing Bitcoin beyond $83,500, up 12%. The market recovered after BlackRock CEO Larry Fink told investors about a buying opportunity on Monday.
Bitcoin rose to $84K after Trump's tariff reversal.
Bitcoin (BTC) rose more than 8% on Wednesday to regain $84,000, its biggest intraday increase since mid-March.
The demonstration began when former U.S. President Donald Trump paused planned worldwide tariffs for 90 days.
Bitcoin rose 13% from $74,700 to $83,600. Ethereum, XRP, and Dogecoin all gained double-digits at press time.
Larry Fink stated, “I see it more as a buying opportunity than a selling opportunity, but that doesn’t mean we can’t go down further.”
Bitcoin Price Prediction: $88,800 barrier before $100K objective
Many investors are waiting for Thursday's inflation numbers from the US and Chinese Bureaus of Labor Statistics. This explains why BTC has stuck below $83,600 after Trump's tariff announcement sparked buy-orders.
In the BTCUSDT 12-hour chart above, the top Keltner channel band indicates substantial resistance above $88,183. This matches the April 2 high when Trump announced the broad tariffs.
When an asset rebounds, traders who bought at the start of the last negative cycle may sell once they break even.
The Bitcoin price comeback cycle may encounter resistance as prices reach the last sell-off choke point of $88,100, making $100,000 a faraway objective.
Bullish prospects continue, especially if inflation data confirms Larry Fink's theory, but Bitcoin must break $88,800 resistance before the $100,000 milestone becomes real. BTC may drop sharply around $73,500 if it fails to hold above $80,000.
