Bitcoin's price is experiencing significant volatility as traders focus on a potential breakout at $84,500. Recent market movements occurred amid ongoing discussions of US trade tariffs, which have introduced macroeconomic uncertainty. As of now, Bitcoin is fluctuating around $83,000, with macro-economic factors making traders cautious. The S&P 500 is down 2% since the Federal Reserve's rate cuts began last September, highlighting recession concerns. Analysts suggest that despite a current support level around $80,000, Bitcoin's price must convincingly break through $84,500 to establish stronger upward momentum. In the lead-up to the anticipated 'Liberation Day' announcement from the US President on new tariffs, a cautious outlook prevails among traders. Some suggest that a slower-than-expected implementation of tariffs could provide brief respite. Overall, while there are indications of bullish activity, such as buyers showing interest for higher strike prices, the consensus reflects caution amid broader economic fears.

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