Bitcoin’s Bottom: The Crypto Rollercoaster You Can’t Miss! 🎢

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Ah, Bitcoin. The digital enigma that keeps us all guessing. After a nosedive since January 20th, losing a cool $32,000 (or 30% of its value, if you’re into percentages), whispers of a bottom are in the air. Could this be the start of a glorious comeback? Or just another false dawn? 🤔

Trump’s Tariff Tango: A Global Drama 🌍

April 2nd, dubbed “Liberation Day” by none other than Donald Trump, is when the U.S. plans to unleash reciprocal tariffs on countries with the audacity to tax American goods. And as if that wasn’t enough, a 25% tariff on imported cars and auto parts kicks in on April 3rd. Because nothing says “America First” like making cars more expensive for everyone. 🚗💸

While the global market braces for impact, at least we’ll know the full extent of Trump’s tariff strategy by the end of the week. Then, the market can finally start pricing in the chaos. Or, you know, just panic some more. 😅

S&P 500: The Dip That Keeps on Dipping 📉

The S&P 500 has taken a 10.6% hit in the last seven weeks, thanks to tariff talk. That’s the biggest dip since October 23rd, and more than the 9.7% reversal during the Japanese carry trade crash of August 2024. Could it dip further as tariff reprisals roll in from the EU, Canada, and others? Sure. But at least the market will have most of its doubts clarified. Or, as clarified as they can be in this circus. 🎪

Gold Peaks, Bitcoin Rises: A Tale of Two Assets 🥇➡️💰

With the crisis potentially subsiding, liquidity flowing in from China, and the U.S. easing up on QT, Bitcoin might be gearing up for a resurgence. Gold, on the other hand, has hit $3,150, possibly signaling a top. Meanwhile, Bitcoin may have found its bottom. The BTC/GOLD weekly chart shows Bitcoin at the ascending trendline, a 35% reversal against gold. If it bounces, it’ll be a higher low, adding to the sequence of higher highs and lows since January 2023. The Stochastic RSI? Very much in Bitcoin’s favor. 🚀

BTC Trend Change: The Battle of the Lines ⚔️

The short-term BTC/USDT chart shows Bitcoin battling a horizontal resistance level before potentially moving up to the descending trendline. With U.S. stock market uncertainty still in play, expect some choppiness. But if the bulls push past the trendline, $88,800 is the next target. Of course, there’s always the $80,000 support to fall back on if things get uglier. Because, you know, they might. 😬

Bitcoin’s 2-Week Chart: The Big Picture 🖼️

The 2-week chart shows Bitcoin possibly ready to break through the descending trendline. The Stochastic RSI might be making its lowest bottom of the bull market. With 12 days left, it’s anyone’s guess whether Bitcoin will shoot up or chop sideways like it did during the 8-month bull flag. The indicators in the Stochastic RSI will have a say in the strength of the next upswing. Or, you know, just confuse us further. 🤷‍♂️

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2025-04-01 13:13