Bitcoin, Ethereum, Dogecoin Rally on Trump's Tariff Relief Hints: BTC Eyes $93,500

The cryptocurrency market is buzzing with excitement as Bitcoin, Ethereum, and Dogecoin rally in tandem with the broader stock market, fueled by hints of tariff relief from former President Donald Trump. This confluence of events has analysts and investors alike speculating about the potential for a significant breakout in Bitcoin, with some projecting a surge to $93,500 if key levels are reclaimed.



Bitcoin's Bullish Momentum

Bitcoin has been on a rollercoaster ride, but recent developments suggest a bullish trend. The cryptocurrency has broken and closed above its 200-day Exponential Moving Average (EMA) at around $85,502, a level that has historically signaled a bullish trend. If Bitcoin can maintain support around this EMA, it could extend its recovery to retest its key psychological level of $90,000. The Relative Strength Index (RSI) on the daily chart reads 48, pointing upward toward its neutral level of 50, indicating fading bearish momentum. Additionally, the Moving Average Convergence Divergence (MACD) indicator showed a bullish crossover last week, giving a buy signal and suggesting a bullish trend ahead.



Ethereum's Recovery

Ethereum, the second-largest cryptocurrency by market capitalization, has also shown signs of recovery. The price found support around the $1,861 level, suggesting a potential rally if this level holds. The RSI on the daily chart reads 40, approaching its neutral level of 50, indicating fading bearish momentum. The MACD indicator also showed a bullish crossover, giving a buy signal and suggesting a bullish trend ahead. If Ethereum can maintain support around $1,861, it could extend its recovery to retest its March 7 high of $2,258.

Dogecoin's Potential Breakout

Dogecoin, the popular meme cryptocurrency, is also in the spotlight. The price has been testing key support levels and is approaching a critical breakout point that could trigger a 157% rally if it breaks above $0.185. Analysts predict that if Dogecoin closes above this level, it could surge to $0.434. The cryptocurrency has been trading within a multi-month falling wedge pattern, and a breakout from this pattern could lead to a significant price movement.

Market Sentiment and Technical Indicators

The potential tariff relief hinted by Trump could significantly impact the overall market sentiment and, consequently, the rally in Bitcoin, Ethereum, and Dogecoin. Positive news, such as tariff relief, can boost investor confidence and lead to increased buying activity. The Fear & Greed Index is displaying a score of 52 (Neutral), which suggests that market sentiment is not overly bearish or bullish. This neutral sentiment could provide room for a breakout if positive news or market conditions support it.

Historical Performance and Bitcoin Dominance

Bitcoin has shown a pattern of recovering after significant drops. For example, in 2024, the minimum price was $4,215.58, and the maximum price was $4,773.52. In 2025, the minimum price was $5,907.41, and the maximum price was $7,194.28. This historical performance suggests that Bitcoin has the potential to recover and reach new highs. Bitcoin dominance, the ratio of Bitcoin's market capitalization to the total market capitalization of all cryptocurrencies combined, is also a key indicator. A high BTC dominance typically happens before significant price movements. If Bitcoin dominance increases, it could indicate that investors are favoring Bitcoin over other cryptocurrencies, which could support a breakout to $93,500.

Conclusion

The cryptocurrency market is poised for a significant rally, with Bitcoin, Ethereum, and Dogecoin leading the charge. The potential tariff relief hinted by Trump, combined with key technical indicators and market conditions, suggests a bullish trend for these cryptocurrencies. Investors should keep a close eye on these developments and be prepared for potential price movements. As always, it is important to do your own research and consult with a financial advisor before making any investment decisions.