FameEX Hot Topics | Is Another Bitcoin Price Crash Coming?

Bitcoin rebounded from a five-month low of $74,300 to reach $83,565 on April 9, following U.S. President Donald Trump’s announcement of a 90-day pause on planned tariff hikes. While this provided short-term relief, Bitcoin’s rejection at the $83,500 resistance level has raised doubts about whether the $80,000 support can hold. Trump's tariff pause excluded China, on which he imposed a steep 125% tariff, citing Beijing’s disregard for global markets. The mixed messaging sparked volatility across risk assets, even as Bitcoin surged more than 7% to $82,000 on renewed investor optimism.

However, the optimism was short-lived as China swiftly retaliated with 84% tariffs on U.S. imports, effective April 10. Market watchers fear that if U.S.-China negotiations collapse after the 90-day window, the resulting escalation could reignite investor risk aversion. As seen earlier this year, Bitcoin remains highly sensitive to geopolitical and macroeconomic shocks. When Trump’s initial tariff moves rattled equity markets, BTC plunged nearly 10%, breaking below $80,000. This close alignment with tech stocks underscores Bitcoin’s vulnerability during broader market stress.

Macroeconomic concerns, particularly inflation and recession fears, are now playing a larger role in shaping BTC’s trajectory. Investors remain wary of potential rate hikes or monetary tightening by central banks, both of which could further depress appetite for speculative assets like Bitcoin. With the crypto market still trading within a range between $80,000 and $90,000.

From a technical standpoint, Bitcoin is navigating critical support zones. According to Glassnode, BTC has lost both the 111-day and 200-day moving averages, now sitting at $93,000 and $87,000 respectively. The 365-day MA at $76,000 is the last significant support level before deeper declines. Maintaining this level is vital to avoid another wave of downside momentum. The short-term holder cost basis, also near $93,000, is another key level that could signal renewed bullish momentum if reclaimed.

If Bitcoin fails to hold above $80,000, analysts warn of further losses. Glassnode highlights a critical price band between $65,000 and $71,000, where multiple on-chain models converge. This range could act as the next support zone if bearish pressure intensifies. A breakdown below the 365-day EMA would open the door to testing the active realized price at $71,000 and potentially the market’s long-term mean at $65,000. Market participants now look to macro catalysts and technical levels to determine whether Bitcoin can regain strength—or slip further.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.