Bitcoin (BTC) and equities have managed to turn green on the day as markets brace for President Trump’s ‘Liberation Day.’
After months of uncertainty regarding the White House’s plans for tariffs, the President is scheduled to deliver a speech that investors hope will provide answers and clarity to the ongoing confusion surrounding the administration’s trade policies.
So far, Bitcoin has rallied into the uncertainty and is up 2.4% on the day, breaking the $87,000 level after losing it six days ago.
According to popular pseudonymous crypto analyst Rekt Capital, BTC’s price action suggests an imminent “trend shift” if the flagship digital asset can break immediate resistance.
Says the trader,
“Bitcoin has increased by +$2000 in the past hour
Which means that BTC is getting close to positioning itself for a future breakout beyond the 21-week EMA
Still plenty of time until the Weekly Close but if one occurs above $87650 -> trend shift.”
Rekt also says he’s looking for a daily close and a post-breakout retest of a diagonal resistance before running higher.
And fellow popular crypto analyst DonAlt also posted on the social media platform X that he is eyeing a rally for Bitcoin.
The pseudonymous trader tells his 662,000 followers that BTC is getting ready to run – as long as President Trump turns a bit softer on his tariff stance this week.
“BTC still looks hella cute.
Just need Trump to ease on us a lil bit and this thing runs.”
At time of writing, BTC is trading at $87,103.
Follow us on X, Facebook and Telegram
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Generated Image: Midjourney
Read the full article here