Bitcoin rebound falters below $80 000 after tariff speculation rattles markets
Bitcoin retreats after whipsaw rally sparks false hope.
itcoin clawed back 15% from its recent five-month low of $74,400, only to give up more than half of those gains almost immediately.
Now trading at $79,400 as of Tuesday, April 8th, the price action shows signs of exhaustion, dragged by both technical resistance and sudden macro developments that briefly lit up risk assets.
The spark that contributed to a 15% recovery came from speculative headlines suggesting a possible White House plan to pause tariffs for ninety days on all countries—except China. The rumour, first floated around Monday afternoon, spurred bullish momentum in Bitcoin’s price.
Soon after, conflicting reports emerged. The White House swiftly denied the claim, calling it “fake news.” That retraction triggered a swift reversal in Bitcoin’s price move, mimicking a classic whipsaw, up fast, down faster.
Hourly 100 EMA weighs heavily as Asia session fails to break resistance
BTC price dynamics (March 2025 - April 2025). Source: Tradingview
As of Tuesday, April 8, Bitcoin’s inability to push through the $80,000 barrier during the Asian session today reflects the weight of the 100 EMA on the hourly chart. Attempts to reclaim bullish momentum have been capped beneath this resistance zone, and the European session has since turned bearish.
Short-term downside risks are now increasing. A revisit of $76,700, an important level that acted as support during March’s decline, appears likely if Bitcoin continues to struggle below $80,000. This level may offer temporary relief, but a failure to hold could expose deeper losses.
To regain strength, bulls need a clean and sustained move above $80,000. Until then, momentum looks tilted to the downside, shaped by both fading macro tailwinds and stubborn technical barriers. Bitcoin’s near-term trajectory hinges on whether it can decisively shake off this whipsaw and reclaim a clear trading range.
Bitcoin fell over 8% and broke key support after repeated failed recovery attempts. Fresh U.S. tariffs triggered broader market stress that deepened the crypto sell-off.
