The Bitcoin (BTC) $79,469 price remains at around $83,300 as the first week of the second quarter concludes, having dipped to $82,379 in the last 24 hours. Despite concerns, U.S. stock markets, shaken by tariffs, did not plunge as feared, but the long-standing negativity has yet to be compensated for.
Bitcoin’s Market Position
In recent weeks, Trump had asserted that tariffs would not be a bargaining chip and that there would be no changes in rates. However, recent statements indicate that discussions with the rest of the world are accelerating due to the revelation of rates. China has also announced additional taxes equal to the tariffs imposed, emphasizing its determination.
The escalating U.S. debt has prompted Trump to take action, yet his promise to alleviate the cost of living during the election period has not materialized. Facing rising costs exacerbated by tariffs, hundreds of thousands of citizens have initiated anti-Trump protests across various states.
Hayes and several experts suggest that if Bitcoin does not see levels below $77,000 amid the chaos, there may be potential for the price to rise. Analyzing recent candlesticks, we observe that BTC has been fluctuating within a very limited range. Despite losses exceeding 10% in stocks and commodities, Bitcoin has remained resilient, with two potential paths ahead.
One possibility is that the BTC price may initiate a new upward wave by closing above $87,000. Alternatively, following the familiar narrative of delayed pricing of “big bad news,” it could drop below $81,200 and test $76,850. Below that, a significant support level will be at $66,860. In summary, it is difficult to assert that the recent shock tariffs have been fully priced in for BTC, and a delayed reaction could occur in either direction in the coming days.
Cryptocurrency Trends
In the weekly chart, EOS stands out as one of the few altcoins among the top 100 that is faring well. Other cryptocurrencies expected to finish the week on a positive note include PENDLE, ATOM, and OKB. In contrast, IMX, IP, BERA, JUP, and JTO continue their downward trend with losses exceeding 20%.
Pi Coin has experienced a sharp increase in the last 24 hours, recovering from weekly losses. Following XRP and SOL Coin, Pi Coin is the altcoin with the highest trading volume, indicating continued volatility.