Bitcoin price tags $86K as Trump tariff relief boosts breakout odds

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Coin Telegraph 2d ago

Bitcoin price tags $86K as Trump tariff relief boosts breakout odds - Coin Telegraph

Quick Summary:

If we can remain over 84k through Monday I’ll look for higher but for now this seems sketchy.pic.twitter.com/qKVdYAOYPJ— Roman (@Roman_Trading) April 12, 2025Daan Crypto Trades noted the ongoing interplay with the 200-day exponential moving average (EMA) at $85,000.“This is however still a weekend move so far and we know next week will be volatile again with news regarding tariffs and the first big tech earnings coming up,” part of a post on X read.

A classic leading indicator, RSI continued to print another bullish divergence with price on daily timeframes.“Bitcoin is developing yet another Higher Low on the RSI while forming Lower Lows on the price,” Rekt Capital summarized.“Overall, throughout the cycle Bitcoin has formed Bullish Divergences like this on a few occasions already.

Source: Peter Brandt/XPopular trader and analyst Rekt Capital meanwhile saw the true hurdle to a Bitcoin bull market rebound coming in the form of a stubborn long-term daily downtrend.“Bitcoin has Daily Closed above the Downtrend.