After hitting a five-month low of $74,300, Bitcoin (BTC) saw a rapid rebound to $83,565 on April 9. However, the rejection from the $83,500 level has left investors questioning whether BTC can maintain its position above the $80,000 mark.

The recent surge in Bitcoin's price was partly attributed to US President Donald Trump's decision to implement a 90-day pause on proposed tariff hikes, alongside a blanket 10% reciprocal tariff on all countries except China. This move provided temporary relief to market participants, easing fears of an imminent trade war that had previously caused volatility in risk assets.

Despite this pause, tensions between the US and China remain high, with China retaliating with 84% tariffs on

Source: https://cointelegraph.com/news/is-bitcoin-price-going-to-crash-again?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound