Bitcoin price jumps above $80k as Trump tariff pause triggers crypto-wide rally
The 4-hour RSI now reads 55
Bitcoin has staged a sharp rebound after hitting a new low for 2025, but the broader downtrend remains intact. A sudden rebound above $80 000 this week sparked optimism, yet strong resistance levels and bearish structure suggest the move may just be a retracement.
From its January peak of $109 390, Bitcoin has steadily declined, setting a new low at $74 300 earlier this week. After a failed attempt to break below this low, President Trump announced a 90-day pause on new tariffs, prompting a rapid price recovery across crypto and the US stock market. Bitcoin surged from $74 300 to $83 600 within a day, reclaiming the $80 000 psychological level and forming a bullish engulfing candlestick on the daily chart.
Bitcoin RSI at 55 signals recovery momentum amid cluster of EMA resistance
BTC price dynamics (March 2025 - April 2025). Source: Tradingview
However, the macro trend points to caution. The recent jump appears more like a bullish correction inside a prevailing downtrend rather than the start of a new leg up. Bitcoin price is still trading well below the 50-day EMA at $86,000 and the 100-day EMA at nearly $88,000. Both levels align closely with horizontal resistance zones at $86,200, a threshold Bitcoin must clear to initiate a market structure shift.
Technically, the 4-hour RSI now reads 55, indicating some short-term buying strength, but it hasn't crossed into overbought territory. That supports the idea of a recovery attempt rather than a trend reversal.
In the Asian session on Thursday, Bitcoin slipped from $83 500 to $81 500. However, early European trading shows that buyers are trying to regain momentum, pushing the price back to $82 500. Near-term support has now formed around $80 000, and losing that level could open the door for a test of the $74 000 support level.
Until price convincingly clears the $86 200 resistance and pushes beyond the EMAs, Bitcoin’s path higher will likely face selling pressure. For now, this bounce looks more like a pause in the trend rather than a break away from it.
Bitcoin rebounded from $74 500 after whales increased transactions to 1,715 on Monday. The RSI remained bearish, hinting that the whale accumulation might have ended.
