Bitcoin Rebound: 11% Gain to $82,000 After Tariff Suspension

Bitcoin has shown early signs of recovery after a recent correction that saw the asset fall to $74,000 earlier this month. At the time of writing, Bitcoin is trading above $82,000, moving closer to the $85,000 range with its market capitalization now exceeding $1.6 trillion.

Several factors have contributed to this rebound, according to a recent market report. Crypto price volatility remained high throughout the week, driven by trade tensions and macroeconomic developments. Prices dipped sharply earlier in the week after retaliatory tariffs were introduced. However, they began recovering on April 9 following the tariff suspension. The temporary policy reduced tariffs to 10% for most countries, while China remained subject to a 125% rate.

Bitcoin’s 365-day moving average (MA), currently at $76,100, has historically served as a key technical support in previous market cycles. The recent bounce from this level is being closely monitored as a potential base for a renewed uptrend. A breach below this moving average, however, would increase the likelihood of Bitcoin entering a bearish phase. Despite this positive movement, investor sentiment remains subdued. The Bull Score Index, which measures market sentiment, is now at 10—its lowest reading since November 2022. This signals continued weak investor sentiment and a low probability of a sustained rally in the near term.

A longer-term rally is unlikely unless the score climbs above 40. Furthermore, with BTC’s price currently on the rise, resistance could be found at $84,000 and $96,000—zones historically linked to the Trader Realized Price, which has served as both support and resistance in different market phases.

In a separate commentary, an analyst presented data that may indicate favorable conditions for altcoin accumulation. The analyst observed that the 30-day moving average of trading volume for altcoins paired with stablecoins has dropped below its annual average. This market behavior has previously marked buying zones, with the last occurrence seen in September 2023. The analysis suggests that while Bitcoin’s near-term outlook remains uncertain, altcoins may be entering a phase conducive to dollar-cost averaging (DCA) strategies.

The analyst cautioned that these windows can last for weeks or months but have historically aligned with the early stages of altcoin market recoveries. If the macroeconomic environment stabilizes and capital flows return, these conditions could lead to broader participation across the crypto sector.