Bitcoin's price rebounded from a five-month low of $74,300 to $83,565 but faced resistance at the $83,500 level, raising concerns about sustaining the $80,000 zone. U.S. trade tensions, particularly with China, were exacerbated by President Trump's tariffs, which could lead to renewed market volatility. Analysts from QCP Capital warned that retaliation from China could result in a bull trap for Bitcoin. Additionally, macroeconomic factors such as inflation fears and potential recessions are impacting Bitcoin prices, correlating with tech stocks. Investors are apprehensive as any economic downturn could push Bitcoin below its current range of $80,000-$90,000. Key support levels include the 111-day moving average at $93,000 and the 365-day moving average at $76,000. If Bitcoin fails to hold above $80,000, it risks a downward trend, possibly revisiting lows around $71,000. Market participants are closely monitoring upcoming CPI data and Fed interest rate probabilities, which may influence Bitcoin's movement.

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