Bitcoin's price has recently shown increased volatility as traders monitor the key resistance level of $84,500. The market remains uncertain due to macroeconomic factors leading up to April 2, when potential new U.S. trade tariffs are expected to be announced. Bitcoin's price fluctuated around $83,000, showing signs of both upward and downward movements amidst predictions of a recession. Analysts pointed out that should the Federal Reserve maintain interest rate cuts during a recession—historically linked to declines in the S&P 500—it could result in bearish sentiment across all risk assets, including Bitcoin. However, optimism exists, as market activity suggests some traders are positioning for bullish gains, eyeing price movements towards $85,000-$90,000. Key support at $80,000 has held, and traders note the necessity for stronger momentum before a convincing breakout occurs, as BTC/USD respects its 50-week simple moving average. This critical juncture leads to cautious speculation about the future trajectory of Bitcoin amidst evolving economic indicators.

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