Analyst Says Bitcoin Edging Toward Breakout as President Trump’s ‘Liberation Day’ Hits Markets
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.”
Source: Rekt Capital/X
Rekt also says he’s looking for a daily close and a post-breakout retest of a diagonal resistance before running higher.
Source: Rekt Capital/X
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.”
Source: DonAlt/X
At time of writing, BTC is trading at $87,103.
Follow us on X , Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Google Chrome’s success ‘impossible to recreate,’ exec testifies in DOJ antitrust trial
Share link:In this post: Parisa Tabriz believes Google Chrome would decline in another company’s hands, saying it would be hard to disentangle Google from the search engine’s success. Google plans to infuse artificial intelligence into Chrome to make it more agentic. OpenAI showed interest in buying Google Chrome.
SEC Commissioner Hester Peirce calls for better crypto regulation
Share link:In this post: SEC Commissioner Hester Peirce has called for better crypto regulation in the United States. Peirce mentioned that financial firms have been approaching crypto in a way like playing “the floor is lava” children’s game. SEC commissioners want flexible regulation as SEC chairman Paul Atkins wants clear regulations for digital assets.
Australian radio station used AI-generated DJ for months before being discovered
Share link:In this post: An Australian radio station has received backlash over the use of an AI-generated DJ for months without disclosure. The show, Workdays with Thy, used the AI-generated DJ for six months, airing by 11am every weekday. The general public has called for the need to formulate regulations to track the responsible use of artificial intelligence.
DeFi TVL exceeds $100 billion for the first time since March
Trending news
MoreCrypto prices
More
