#btcgain #tarriffrelief
Bitcoin Hits $86K Amid Tariff Relief and Market Optimism
Bitcoin surged to $86,000 on April 13 — its highest level in 11 days — following the Trump administration’s decision to exempt key Chinese tech products from tariffs. This move sparked a relief rally across crypto markets.
Despite the weekend boost, Bitcoin later slipped below $84,000 due to low liquidity, with analysts warning of potential volatility ahead. The price remained up 7% for the week after previously hitting a five-month low.
Traders remain cautious. Some noted low volume and overbought indicators, suggesting the breakout might not hold unless Bitcoin sustains above $84K into the week. Others pointed to the 200-day EMA around $85K and ongoing macroeconomic factors, including upcoming tech earnings, as key influencers.
Analyst Rekt Capital highlighted a potential bullish shift, noting Bitcoin closed above a long-term daily downtrend — though past attempts have failed upon retesting. Bullish divergences in Bitcoin's RSI also signal a possible reversal to the upside, suggesting momentum may be building for a continued rally.