Bitcoin’s Wild Ride: Trump, Tariffs, and Tears 😱

by

So, Bitcoin decided to have a proper meltdown yesterday, didn’t it? One minute it’s soaring past $88,000 like it’s on a sugar high, and the next it’s plummeting below $82,000 like it’s just remembered it left the oven on. All this drama because President Trump decided to announce new tariffs on what he’s calling “Liberation Day.” Liberation from what? Our savings? 🤔 Anyway, the markets freaked out, and Bitcoin, being the drama queen it is, went on a rollercoaster ride. Bulls are now hyperventilating into paper bags, and bears are smugly sipping their tea.

This sudden U-turn has left everyone wondering if Bitcoin’s about to faceplant. But wait! There’s a glimmer of hope. Crypto analyst Daan says the market is sending mixed signals. Even with Michael Saylor dropping $2 billion on Bitcoin like it’s a Black Friday sale, there’s still a Coinbase Spot Discount. Translation: U.S. investors are being a bit meh about the whole thing. 🙄

Meanwhile, ETF inflows are as flat as a pancake, which isn’t exactly helping. Some optimists think institutional demand will swoop in like a knight in shining armor and save the day. Until then, traders are biting their nails, waiting for the next plot twist in this soap opera.

Bitcoin’s Stuck in a Tug-of-War Between $80K and $89K

Bitcoin’s currently in a standoff, like two toddlers fighting over the last cookie. Bulls are trying to push it above $89,000, while bears are determined to drag it below $80,000. All this drama is happening against a backdrop of Trump’s tariff announcements, which are making global markets jittery. Bitcoin, being the high-risk diva it is, is especially sensitive to all this chaos. 🎭

But hey, there’s a silver lining! Bulls are holding their ground, and selling pressure seems to be easing. Traders are watching closely for any sign of a momentum shift that could spark a recovery.

Daan, our resident crypto guru, has some thoughts. He points out that despite Saylor’s $2 billion splurge and other big buys, the Coinbase Spot Discount is still hanging around. This suggests U.S. investors aren’t exactly rushing to buy Bitcoin. ETF flows are also as exciting as watching paint dry.

Daan reckons a strong bullish signal would be Coinbase’s spot price taking the lead again. If that happens, it could mean U.S. buyers are back in the game, and Bitcoin might start trending upward. Until then, Bitcoin’s stuck in limbo, with everyone waiting for something—anything—to happen.

Bitcoin’s Price Takes a Nosedive After Rejection at $88K

Bitcoin’s currently trading at $83,600 after a wild Wednesday. It briefly flirted with $88,000 before getting rejected harder than a bad Tinder date. The price dropped over 8% in a few hours, which just goes to show how fragile the market is right now. Bulls are struggling to regain momentum, and bears are having a field day.

For Bitcoin to stage a comeback, it needs to reclaim the 200-day moving average and exponential moving average, both around $86,500. If it can do that, it might have a shot at retesting $90,000. But if it fails, well, things could get ugly. A break below $81,000 could trigger a sell-off, and we might be in for a deeper correction. With all the macroeconomic uncertainty and trade war fears, Bitcoin’s next move is anyone’s guess. Bulls better act fast, or it’s going to be a long, painful slide. 🎢

Read More

2025-04-04 02:12