Crypto prices surged after a temporary U.S. tariff halt. $BTC clawed back losses at a critical technical support level, but weak investor sentiment signals caution ahead.
Cryptocurrency markets rallied sharply on April 9 after Trump announced a 90-day tariff pause for most nations, though China faced heightened levies.
Bitcoin rebounded from a five-month low of $74,000 to $82,077, buoyed by the policy shift, while $ETH and $XRP also pared losses.
The rebound followed bitcoin’s dip to its 365-day moving average (MA) at $76,100—a historically pivotal support level that stalled declines in 2021 and 2024
Resistance looms at $84,000 and $96,000, levels tied to trader realized price bands that once acted as support. The tariff pause eased immediate trade tensions but failed to reverse weak on-chain metrics
Bitcoin’s 27% drawdown earlier in the week marked the steepest of the cycle, underscoring fragility