Bitcoin reached an eleven-day high on April 13, hitting $86,000 for the first time since early April, fueled by US President Donald Trump's decision to relieve ongoing trade tariffs against China. Despite this rally, there was caution among traders regarding the breakout's sustainability due to lower weekend liquidity and volatility in crypto markets, leading Bitcoin to drop below $84,000. Analysts noted the significant resistance at the 200-day exponential moving average (EMA) around $85,000. Comments on trading sentiment reflected skepticism about the breakout's strength, with calls for a successful retest of the breakout level. Traders expressed Mixed views, citing a bullish divergence on the Relative Strength Index (RSI) as a potential positive signal for future price movements. The daily downtrend, which has persisted since late 2024, was highlighted as a crucial hurdle for Bitcoin bulls to navigate in order to sustain a bull market rebound. With upcoming news regarding tariffs and major tech earnings, further volatility is anticipated in the near future.

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