84,600 Dollars For Bitcoin: Are The Bulls Back?

The Bitcoin (BTC) has recently made headlines by reaching 85,800 dollars on April 14, 2025, before stabilizing at 84,600 dollars! Temporarily breaking a downward trend. This surge follows an unexpected announcement from US President Donald Trump regarding a partial easing of tariffs on imports. But are Bitcoin bulls truly back, or is this just a temporary rebound? Let’s analyze the key factors.

Bitcoin: an increase driven by economic news

The surge of Bitcoin to 84,600 dollars seems to have been triggered by optimism around the revision of tariffs on semiconductors, a crucial sector for the global economy. However, enthusiasm quickly waned when Trump specified that these exemptions, notably for smartphones, could be temporary. This uncertainty, combined with trade tensions between the United States and China, hampered the upward momentum, preventing BTC from surpassing 86,000 dollars.

Monthly futures contract data shows a decreasing premium, dropping from 6.5% on April 11 to 5%, a level close to the neutral-to-bearish threshold. This indicates caution among leveraged buyers, limiting short-term prospects for Bitcoin.

A mixed sentiment

The Bitcoin options market also reflects this hesitation. On April 13, the delta skew indicator briefly signaled slight optimism, but this momentum did not hold. Moreover, inflows into Bitcoin ETFs were also disappointing, with 277 million dollars of outflows between April 9 and 11.

Even the acquisition of 286 million dollars worth of Bitcoin by Strategy at 82,618 dollars was not enough to revive confidence. In China, demand for stablecoins like Tether (USDT) has fallen, with a premium dropping to 0.5%, indicating waning retail interest. This trader cautiousness casts doubt on a possible breakthrough of BTC towards 90,000 dollars.

Despite this rebound to 84,600 dollars, Bitcoin remains at a crossroads. Correlations with stock markets and macroeconomic uncertainties hinder the momentum. For investors, monitoring upcoming economic announcements will be crucial to anticipate the direction of BTC.