Bitcoin (BTC) Price Surges After Trump’s Termination of Tariffs (11/4/25)

Jakarta, Pintu News – Bitcoin experienced a significant price increase after Trump’s announcement of tariff suspension, breaking through the $80,000 zone and showing further upside potential.

Introduction: Bitcoin’s (BTC) Sharp Rise

Bitcoin (BTC) started a sharp rise from the $74,500 zone, creating a solid base and accelerating its rise past the $78,500 and $80,000 resistance levels. The rise was fueled by market optimism after Trump’s announcement of tariff suspension, which was thought to reduce global economic uncertainty. Bitcoin (BTC) price managed to break through the $80,500 resistance, and even reached a new peak at $83,548.

Also Read: Solana’s Whale Movement and Selling Pressure: What is the Impact on Crucial Support Levels?

Technical Analysis: Momentum and Potential Correction

After peaking at $83,548, Bitcoin (BTC) is now in a consolidation phase above the 23.6% Fibonacci retracement level of the rise from $74,572 to $83,548. Currently, Bitcoin (BTC) is trading above $80,200 and the 100-hour simple moving average.

If Bitcoin (BTC) manages to break the $83,500 resistance, there is potential to reach $84,500 and possibly even $85,800. The hourly MACD indicator shows an increase in bullish momentum, while the RSI (Relative Strength Index) is above the 50 level, signaling the strength of the uptrend.

Support and Resistance: Key Levels to Watch

If Bitcoin (BTC) fails to break the $83,500 resistance zone, a downward correction is likely. Immediate support is near $81,400, followed by major support at $80,500. In case of further decline, Bitcoin (BTC) could reach the $79,500 zone or the 50% Fibonacci retracement level of the last rise. The next major support is at $75,000, which will be a key area to monitor whether the bears take over or the bulls maintain control.

Conclusion: Bitcoin (BTC) Market Outlook After Tariff Announcement

The rise in Bitcoin (BTC) price after Trump’s announcement of tariff suspension shows the market’s positive response to the reduction in political and economic uncertainty. With technical indicators supporting the uptrend, the chances of continuing the rise seem strong. However, it is important for investors to monitor the support and resistance levels mentioned to take informed trading decisions.

Read More: Solana Price Moves Up: Potential Strengthening or Correction in April 2025?

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• NewsBTC. Bitcoin Rallies to $83,500, Why BTC Could Surge Further. Accessed on April 11, 2025
• Featured Image: Generated by AI