So, Bitcoin‘s on a joyride, huh? 🚀 It’s like someone whispered sweet nothings about tariffs into its ear, and off it went! As Trump’s “Liberation Day” tariffs loom, Bitcoin’s decided it’s time for a little dance. Prices are jumping around like they’re trying to dodge the tariff bullet.
Bitcoin’s been playing hard to get between $83,939.88 and $87,300.86, settling around $86,600 like it’s found the perfect spot on the couch. Market analysts are on the edge of their seats, hoping Bitcoin’s gonna make a dramatic exit through the roof if it holds its ground through the weekly close. 🎢
Tariffs: Bitcoin’s New Arch-Nemesis?
James Butterfill, the CoinShares brain, threw a wet blanket on the party, saying tariffs are like a bad hangover for BTC. “It’s not just shiny gold, folks. Bitcoin’s got dreams and aspirations, and tariffs are like its kryptonite,” Butterfill mused.
Basically, tariffs are like that annoying neighbor who slows down your internet. They mess with economic growth, and suddenly, everyone’s less excited about jumping into the crypto pool. Instead, they’re eyeing the safer, more boring investments. And let’s not forget, tariffs = inflation = interest rates going up, which is like telling Bitcoin to sit in the corner. 😒
And oh, Bitcoin’s little fling with stock markets during these tariff tantrums? It’s like watching a bad rom-com. You know it’s gonna end in tears and a dip in prices.
Breakout or Breakdance?
Rekt Capital, the Twitter analyst extraordinaire, pointed out Bitcoin’s sudden $2000 leap like it’s some kind of Olympic feat. “Bitcoin’s doing the high jump, folks! Getting ready to break free from the21-week EMA shackles,” he tweeted. 🏃♂️💨
#BTC is on a caffeine buzz, jumping $2000 in an hour. It’s eyeing that breakout beyond the21-week EMA. We’ve got till the Weekly Close, but if it closes above $87,650, we’re talking trend shift! 🚀 $BTC #Crypto #Bitcoin
— Rekt Capital (@rektcapital) April2,2025
Rekt’s all in on this weekly close drama, saying it’s the make-or-break moment. If Bitcoin pulls a rabbit out of the hat and stays above $87,650, it’s like hitting the jackpot for traders.
And hey, Bitcoin’s not just hogging the spotlight; it’s also making a power move in market dominance. Rekt Capital’s like, “Bitcoin’s been on a dominance diet, gaining7-9% in a month, four times since mid-2023.” It’s only8% away from hitting71%, like it’s prepping for a sprint to the finish line. 🏁
Investors are playing musical chairs, moving from altcoins back to Bitcoin, seeking safety like it’s the last lifeboat on the Titanic. Bitcoin’s been flexing its muscles, pushing as high as $87,300.86 within the last24 hours.
Right now, Bitcoin’s standing at the edge, deciding whether to cannonball or belly flop. Staying above $87,000 would be the crowd-pleaser, but slipping below $84,000? That’s like needing a do-over. 🤞
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2025-04-02 21:34