Bitcoin Surges 9% After Trump's Tariff Pause, Eyes $96,000

Bitcoin's price volatility is driven by shifts in macroeconomic events and changes in investor sentiment. A positive shift in investor behavior occurred when U.S. President Donald Trump declared a 90-day global tariff hold, leading to a 9% increase in Bitcoin's value. Currently, Bitcoin is facing a critical resistance at $84,000. Analysts are eyeing a potential surge to $96,000 if bullish momentum strengthens. If this resistance is broken, there may be more gains, while failure to do so may result in consolidation.

Bitcoin has been testing the $84,000 resistance level, a price point that previously served as support during this bull cycle. Analysts warn that the current market needs more bullish momentum to surpass $84,000 as a strong resistance area. If Bitcoin can overcome the $84,000 resistance, it may rise toward $96,000, propelled by positive macroeconomic variables such as inflation and Federal Reserve policies. The adoption of Bitcoin ETFs by institutions has contributed to enhancing market stability through its ability to bring in traditional investors.

After plunging to $76,000 in early April, Bitcoin surged 9% after the announcement, briefly retesting $83,000. U.S. equities also responded, with the S&P 500 jumping 9.52% – its third-largest one-day gain since World War II – and the Nasdaq 100 rising 12.02%. Additionally, Bitcoin price movements have been influenced by U.S. President Donald Trump’s 90-day tariff pause. This temporarily relieved global markets.

Industry professionals maintain positive expectations about Bitcoin’s extended future viability. According to Abra Global CEO Bill Barhydt, Bitcoin is predicted to exceed its highest value of $109,000 and it should reach between $130,000 to $140,000 in late June. Real Vision’s cryptanalyst Jamie Coutts indicates that Bitcoin might exceed expectations to attain new peaks before Q2 ends. However, statistical evidence reveals some warning signs about these positive forecasts. According to CryptoQuant’s Bull Score Index, just one of 10 major bullish signs is active at the moment, indicating that Bitcoin is in a comparatively weak bull phase. It may find resistance at $84,000, and the next target could be $96,000.

Bitcoin price behavior in the future is unpredictable, mainly due to substantial macroeconomic influences. The adoption of Bitcoin by institutions remains active, while Bitcoin ETFs provide the asset with more recognition. Short-term market volatility will continue to last due to existing economic instability alongside regulatory hurdles. During times of financial uncertainty, investors view Bitcoin more and more as a protective asset against rising inflation. A sustained bearish market sentiment may trigger a major price reduction. Market participants should closely monitor key resistance levels, macroeconomic trends, and institutional activity. This helps to predict Bitcoin’s next major move.

Bitcoin’s struggle at the $84,000 resistance level is crucial. Failure might hold Bitcoin in the range, while a breakout could spark a surge to $96,000. While market signs point to a weak bull phase, experts forecast new highs by the middle of the year, however, caution is still advised. Investors should keep a careful eye on institutional activities, laws, and economic policies in order to predict how Bitcoin will grow over the next several months.