Bitcoin Price Prediction: Will BTC Price Smash the $84K Barrier After Trump’s Shocking Tariff Twist?

Bitcoin is bumping up against a tough wall at the $84,000 level, and unless fresh bullish momentum kicks in soon, the BTC price could remain stuck in the low $80,000s for a while. That’s the latest take from analysts at CryptoQuant, who note that previous support zones have now flipped into resistance, an occurrence often seen during cooling BTC market trends. At the moment, traders are cautiously monitoring whether Bitcoin can regain upward traction or if it’s heading into another period of sideways consolidation.

Tariffs, Volatility, and a Bumpy April

It’s been a rocky start to the month for BTC price action. After briefly surging past $85,000 on April 1, Bitcoin slid back down to around $76,000 just a week later. The major catalyst behind this dip? Market jitters were triggered by President Trump’s unexpected global tariff announcement on April 2. While Trump’s tariff initially shook investor confidence, the fear was short-lived; he paused the measure for most countries a few days later. 

In response, Bitcoin rebounded quickly, climbing back up to test the $83,000 level. Traditional markets followed suit, with the S&P 500 and Nasdaq posting some of their biggest single-day gains in decades, highlighting the interconnected nature of BTC market trends and broader financial sentiment.

Hopeful Outlook vs. Fading Bull Signals

Even with the recent bounce in the BTC price, not everyone’s convinced we’re firmly back in a bull run. According to CryptoQuant’s Bull Score Index, Bitcoin is currently experiencing one of its weakest bullish phases since late 2022, with only one of ten key indicators still active, the price holding above its 365-day moving average. While some analysts remain optimistic, forecasting a new all-time high by summer, much of that confidence stems from factors like the expanding global money supply and broader BTC market trends.

Graph 1 – Published on April 11th, 2025

Still, with lingering uncertainty after the impact of Trump’s tariff decision, many traders are adopting a wait-and-see approach until more bullish signals begin to resurface. With sentiment split and technical signals mixed, it’s time to dig into the charts to see what levels could shape Bitcoin’s next move.

BTC Price Action Analysis of April 11th, 2025

The BTC price on a 5-minute chart shows a series of sharp fluctuations as it navigates a tight trading range between the $78,500 support and $82,600 resistance levels. The initial part of the chart reflects sideways movement within a horizontal trading range, followed by a steep breakdown forming a descending channel, which bottomed near the $78,500 support area. This zone acted as a springboard, where the price found footing and gradually reversed through a rising channel. The MACD confirms this transition with multiple golden crosses appearing after the downtrend, signaling a bullish reversal. Notably, RSI dipped into oversold territory multiple times during the fall, suggesting selling exhaustion before buyers regained control.

Chart 1, Analyzed by Alokkp0608, published on April 11th, 2025

As the BTC price climbed back above $80,000, RSI readings transitioned into the overbought zone twice, indicating strong buying momentum. However, a recent death cross on the MACD could suggest a slowing bullish pace in the short term. The trendline support formed through the latest recovery phase remains intact, reinforcing bullish structure unless broken. Traders should closely watch for any MACD divergence or weakening RSI as warning signs of trend exhaustion. While the current momentum is upward, the price is approaching a major resistance zone just below $82,600, which previously triggered sell-offs.

Conclusion: Bitcoin’s Next Move Hinges on Momentum

Bitcoin’s recent recovery has been impressive, but the real test lies just ahead. With the price inching toward the $84,000 resistance zone, bulls need to show stronger conviction to keep the rally alive. The MACD flashing a fresh death cross and the RSI hovering near overbought levels suggest the momentum could be fading, at least in the short term. That said, the uptrend is still intact as long as Bitcoin holds above its rising support line. This is a make-or-break moment: Either Bitcoin breaks out and heads for higher ground, or it cools off and slips back toward $80,000. Traders should stay alert, the next move could happen fast.

The post Bitcoin Price Prediction: Will BTC Price Smash the $84K Barrier After Trump’s Shocking Tariff Twist? appeared first on Coinfomania.