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