#TariffsPause Bitcoin Surges Past $83K as Trump Pauses Tariff—Is $88K the Next Target?

Bitcoin (BTC) price rallied sharply on Wednesday, surpassing $83,500 after U.S. President Donald Trump announced a pause on tariffs, sparking optimism across financial markets. The crypto market cheered the move, with BTC gaining more than 5% in the past 24 hours. According to data from Kraken, BTC broke past multiple resistance levels, including a bearish trendline at $78,800 and key resistance zones at $80,500 and $82,500. The bullish momentum followed a strong rebound from the $74,500 support area.

Bitcoin Price Analysis: Bulls Take Charge

Bitcoin is now trading comfortably above $80,500 and the 100-hourly simple moving average, signaling a bullish bias. A high was formed at $83,548, and the asset is now consolidating gains just below immediate resistance levels.