Bitcoin price tag $86K as Trump’s tariff relief boosts breakout odds

Bitcoin (BTC) hit an 11-day high on April 13th as Crypto Market Relief closely tracked changes to US monetary policy.

Bitcoin traders say braces in search of more volatility

Data from Cointelegraph Markets Pro and TradingView brings BTC/USD to $86,000 for the first time since April 2nd.

The pair responded well to the news that US President Donald Trump had decided to exclude certain key products from continuing trade tariffs on China.

Traditional markets are shut down over the weekend, creating low-liquid transactions in the crypto market, increasing opportunities for price volatility. It then drops to under $84,000.

As I had time to go to the end of the week a week, BTC/USD increased by 7% in a week and started a trip to a new five-month low.

Commenting, the traders were cautious about the price strength of BTC.

Call me crazy, but I don’t think I trust this breakout with $btc.

Volume, stock of all-time purchases, and weekend.

If I could go above 84k until Monday, I’d look for it higher, but for now this seems rough. pic.twitter.com/qvdyaoypj

– Rome (@roman_trading) April 12, 2025

Daan Crypto Trades focused on the continued interaction of the 200-day exponential moving average (EMA) and $85,000.

“But this is still a weekend move and we know that next week will be volatile once more when news comes around tariffs and the first big tech revenue,” part of X’s post.

Famous trader Peter explained that he views rebounds from low as “a more rectification than impulsive.”

Meanwhile, popular trader and analyst Rect Capital has seen the true hurdle to Bitcoin’s bull market rebound come in the form of a stubborn, long-term, daily downtrend.

“Bitcoin is closed daily beyond the downtrend, so breakout confirmations are underway,” he explained one of his latest X updates along with a chart of explanations.

“However, BTC used to be closed beyond the downtrend daily, but failed to retest (some red circles). The retest must be successful and is ongoing.”

As reported by the Cointelegraph, daily downtrends since late 2024 have been assigned as a key hurdle for the Bulls to overcome.

Related: Bollinger Band creator says Bitcoin will form a “classic” floor near $80k

RSI bullish divergence is still playing

Another post flagged a promising signal regarding Bitcoin’s Relative Strength Index (RSI) indicator.

The classic main indicator, RSI, continued to print another bullish divergence at the price in the daily time frame.

“Bitcoin is developing even higher and lower RSI while forming a lower price,” Rekt Capital summed up.

“Overall, Bitcoin has already formed such bullish divergence several times throughout the cycle. Each bull diving was ahead of the reversal.”

This article does not include investment advice or recommendations. All investment and trading movements include risk and readers must do their own research when making decisions.