Bitcoin Price Today Skyrockets to $84,000 After Trump’s Shocking Tariff Reversal

The Bitcoin price today has noticed a sharp rally, breaking above the $84,000 level after Donald Trump reversed his global tariff plan. The revised policy added a flat 10% tariff rate on U.S. imports, except for China. BTC price jumped from $74,700 to almost $83,600, marking its biggest one day performance since March. The sharp market rebound shows how crypto prices relate to geopolitical decisions and shifts in fiscal coverage.

This reversal in market sentiment demonstrates the critical role that economic news plays in influencing volatility. Investors, formerly on the edge, interpreted the policy shift as an opportunity for new investors to enter the market. While the rally is significant, the sustainability of this increase will depend on how traders interpret further.

BlackRock CEO’s Forecast Using Market Action

Earlier this week, BlackRock CEO Larry Fink warned that widespread tariffs could lead to a 20% global market correction. However, he described this dip as a “buying opportunity” for long-term investors. His comments, made at the Economic Club of New York, emphasized that periods of uncertainty often provide strong entry points. With Bitcoin’s sharp recovery following Trump’s revised policy, the market appears to have validated Fink’s predictions.

Chart 1: Published on TradingView, 10th April,2025

The Bitcoin price today rebounded nearly to what the BlackRock CEO predicted, lending credibility to his forward-looking views. As Fink highlighted, “I see it more as a buying opportunity than a selling opportunity.” This sentiment has been echoed by traders and analysts, who view healing not only as a technical bounce but also as a structural response to decreased global pressure. His remarks continue to affect market psychology as investors look for long-term opportunities and rewards.

Binance Inflows Reveal Short-Term Market Intentions

Over the past two weeks, Binance has considered more than 16,000 BTC to be deposited, translating to roughly $1.34 billion at current price levels. This influx, tracked using CryptoQuant data, suggests increased short-term buying and selling activities among investors. Historically, spikes in exchange inflows are seen as bearish signals as traders transfer assets to systems where they can quickly sell or respond to market shifts. The rise in deposit factor in communities is bracing for fast-paced action.

Chart 2 – Published on CryptoQuant, 10th April,2025

This sample reflects how reactive the crypto market remains during instances of uncertainty. Despite the rally, many investors remain cautious, avoiding long-term positions until the outlook becomes clear.

Resistance at $88.8K Tests Bitcoin’s Next Move

While the rebound was impressive, Bitcoin price today faces a key resistance of $88,800. This level corresponds to the April 2 high and aligns with the higher Keltner Channel on the 12-hour BTCUSD chart. Traders who bought in the dip may get profits close to this level, potentially forming a promotion wall. For BTC Price to reach the highly anticipated $100,000 milestone, it must break through this resistance with strong support.

Chart 3 – Published on Coingape, 10th April,2025

Resistance is not simply technical; it also represents a psychological barrier. Breaking this should reinforce bullish momentum and re-establish self-assurance across the crypto market. On the other side, failure to do so should encourage a wave of profit-taking, particularly with key economic indicators such as inflation data looming. Market individuals will closely monitor whether price movement sustains its strength or weakens to renewed pressure close to this resistance threshold.

Watching the $73.5K Level: A Cautious Outlook

Despite the upbeat, risks continue to be on the horizon. If inflation data from either the U.S. or China exceeds expectations, it could set off a negative monetary response. This would possibly put pressure on assets like Bitcoin. The subsequent key support degree lies near $73,500, the decreased Keltner Channel boundary, and a zone of previous consolidation. A failure to hold the $80,000 line may accelerate losses toward this level.

The Detrended Price Oscillator (DPO) stays in the negative zone at -1,888, suggesting that momentum may not be as strong as the price motion suggests. Until this indicator reaches a positive value, it is challenging to confirm a sustainable upward trend. While the Bitcoin price today shows a bullish movement, technical and global policies continue to challenge the course. Investors should remain alert to each opportunity and risk equally.

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