- BTC holds $80.7K—next stop $84K or $87K breakout
- Exchange inflows rise, traders brace for swings
- Trump tariff pause fuels Bitcoin’s sharp rebound
Bitcoin ($BTC) is breaking out of a consolidation channel and has surged past $82,000, gaining over 7% in the last 24 hours. Analysts say if the $80,700 support holds, Bitcoin could climb towards $84,000 or even $87,000. The breakout comes as broader market sentiment improves following a 90-day pause on global tariffs by U.S. President Donald Trump. Trading volumes and on-chain activity also point to renewed investor interest.
BTC Rebounds After Tariff Pause as Technical Structure Strengthens
Bitcoin spiked sharply after former U.S. President Donald Trump rolled back plans for global tariffs. The updated policy, now targeting a flat 10% rate excluding China, eased fears of an extended trade conflict. This triggered strong buying in crypto and equities alike. Bitcoin led the move with a breakout from its recent sideways channel between $74,000 and $80,000.
Technical analysts are watching the $80,700 support closely. If it holds, BTC may continue towards the $84,000 resistance seen on April 2. The 12-hour Keltner channel upper band sits near $88,130, which could act as the next major barrier. Price action from earlier this month also shows that this level has previously triggered short-term selling.
On the upside, a daily close above $84,000 could set the stage for a further move to $87,000. Market participants remain watchful because upcoming inflation statistics from both the United States and China could potentially trigger rapid changes in investor position.
On-Chain Metrics Show Traders Ready for More Volatility
Recent analyses show Binance accepts more than 16,000 BTC through deposit activities across two weeks. According to CryptoQuant, this trend may indicate that short-term traders are staying alert for quick moves.
Rising exchange balances often show traders are prepared to exit or rotate positions as needed.Despite the rebound, the Detrended Price Oscillator (DPO) remains in negative territory, showing weak trend strength.
If the price falls below $80,000, support is expected near $73,500, where a previous liquidity cluster formed. A drop under this range could add downside pressure unless buying volume picks up again.
