What is missing for the price of Bitcoin to resume the bullish course?
The price of Bitcoin (BTC) has been moving around $ 85,000 during the last 24 hours.
For now, the market is rejecting the prices below $ 80,000 to which BTC had fallen last week and that they suggested that the upward cycle could be finished.
But it is not yet time to shout victory. Bitcoin must attract greater purchase volume to overcome the area of $ 85,000 and thus definitely annihilate fears on major relapses.
As can be seen in the following graph, provided by TrainingView, The crossing of 10 and 20 periods (classic and basic trend indicator) It still does not finish confirming bullish trend. That will only happen when the green line (10 -day exponential mean) cross over the red line (20 -day exponential mobile average), which could occur in approximately 2 days, assuming that Bitcoin continues to show bullish impulse.
This slight impulse of Bitcoin infected the cryptocurrency market. As can be seen in the image below, there are Several Altcoins of the Top 100 per market capitalization that are with green numbers at the weekly level.
For Bitcoin to consolidate a sustained bullish trend and clearly overcome the barrier of $ 85,000, Several key factors must align, especially in the macroeconomic context dominated by the tariff war between the United States and China.
According to cryptootic reports of the last week, BTC’s price behavior is intrinsically linked to the signals that emanate from this commercial conflict and market perception of its evolution.
The most relevant event was the announcement of the president of the United States, Donald Trump, on April 9, of a 90 -day pause in tariffs imposed on almost all countries, With the remarkable exception of Chinawhich faces accumulated levies of up to 145%.
This decision marked a turning point for the markets, which had been under pressure after the so -called “Tariff Day”, when BTC fell to a minimum of $ 74,000. The pause was interpreted as a decompression signal, which promoted a BTC rebound at $ 84,000 in the middle of the week.
For Bitcoin to continue his promotionthe market needs to perceive that this truce is not just temporarybut a prelude to successful negotiations. If these negotiations prosper in the next 90 days, macroeconomic uncertainty will decrease, which could release capital towards assets considered “risk” such as bitcoin, cryptocurrencies or stock market actions. A scenario where the headlines reflect concrete advances in the dialogue tables – for example, reductions of tariffs on steel, aluminum or cars – would be an up -up catalyst for BTC.
On the other hand, China plays a crucial role. The Asian giant raised its tariffs to American products 125% on April 11, but accompanied the measure with a conciliatory message, ensuring that it does not plan to climb more for now.
This commitment not to intensify retaliation was key for Bitcoin to regain land. However, Any indication of new tensions could quickly reverse profits. For example, a scenario where China further restricts rare earth exports or where the United States imposes additional sanctions would generate panic in the markets, pushing BTC, perhaps, around $ 70,000 again.
To all this is added that Bitcoin has its own reasons to rise in price. A factor that could boost the price of BTC is the consolidation of its narrative as “digital gold” in a context of inflation potentially unleashed by tariffs.
Cryptonotics said that, although the tariff pause has relieved the immediate pressure, The levies already in force – Specially those applied to products from China— could raise the costs of imported goodsfrom electronic (which includes Bitcoin mining equipment) to agricultural products. If global inflation accelerates, investors could seek refuge in non -correlated assets with traditional monetary policies, and BTC is well positioned to benefit if the “digital gold” narrative expands.
This narrative is reinforced by figures like Michael Saylor, who tweeted on April 3: “There are no bitcoin tariffs.” His message underlines a structural advantage: while Fíat currencies and traditional markets are subject to the decisions of central governments and banks, BTC operates in a decentralized system that transcends commercial barriers.
In order for this perception to translate into an increase in price, large institutional investors would need to increase their exposure to BTC. A key indicator would be an increase in flows to Bitcoin ETFs in the United States, which have shown modest but not explosive entries so far this year.
In conclusion, there is an upward path for Bitcoin, but it will not be free of obstacles. For now, the market is dying green, but the true upward victory will depend on how this geopolitical chess complex is developed and how Bitcoin is perceived in this context.
Discharge of responsibility: The views and opinions expressed in this article belong to its author and do not necessarily reflect those of cryptootics. The author’s opinion is informatively and under no circumstances constitutes an investment recommendation or financial advice.
