Ah, the cryptocurrency markets, a veritable carnival of chaos, where traders, like moths to a flame, await the grand spectacle of President Donald Trump’s so-called “Liberation Day.” This announcement, poised to unleash a torrent of reciprocal tariffs upon a hapless 15 nations, is set to unfold at the illustrious hour of 4 PM in the resplendent Rose Garden of the White House. One can only imagine the fragrant aroma of roses mingling with the scent of impending economic turmoil. 🌹
Yet, amidst this delightful uncertainty, our dear Bitcoin (BTC) stands resolute, like a dandy at a ball, gaining a modest 2% and strutting its stuff at a princely sum of $86,750. It even flirted with a high of $87,300 before retreating, as if to say, “Oh darling, I simply cannot be tamed!” 💃
Our leading cryptocurrency is currently engaged in a rather audacious breakout from a bullish flag pattern, with the Ichimoku cloud above appearing as thin as a socialite’s patience at a dull soirée. This suggests that BTC may very well maintain its momentum and ascend to even greater heights, or perhaps just trip over its own feet. 🎩
#Bitcoin Bull Flag Target: $88,400
In the short term, #BTC seems to be breaking free from its bull flag. The Ichimoku cloud above is as thin as a whisper, and the price could slice through with the grace of a well-practiced dancer.
Today’s “liberation day” tariffs may incite a delightful bout of short-term volatility. Tread carefully, dear traders!
— Titan of Crypto (@Washigorira) April 2, 2025
However, let us not forget the specter of short-term volatility lurking in the shadows, ready to pounce at the slightest hint of tariff news. Should Bitcoin find itself rebuffed at the $85,400 resistance level, it may very well embark on a downward journey towards the next support at around $80,000. And if the market reacts with the grace of a drunken elephant to the tariff announcement, BTC could find itself testing the $77,000 level, a price point it so charmingly visited in late February and mid-March. 🐘
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2025-04-02 19:07