Bitcoin eyes $100K again as Trump’s tariff freeze fuels bullish shift
Bitcoin has surged back into bullish territory following U.S. President Donald Trump’s unexpected move to halt tariffs on nations not engaging in retaliation. This policy decision has reinvigorated market optimism and placed the $100,000 Bitcoin target firmly back on the radar for traders and investors.
On April 9, the BTC/USD pair jumped nearly 9%, rebounding from its recent slump and climbing back toward the $83,000 mark. This price action brings Bitcoin close to completing a bullish falling wedge pattern on the daily chart — a classic technical setup that often precedes significant upward moves.
A falling wedge forms when price trends downward within two narrowing, descending trendlines. A breakout above the top line can trigger sharp upside momentum, typically equal to the vertical range between the two lines at the widest point.
Technical breakout could signal $100K target by summer
As of April 9, Bitcoin’s price remained within the confines of the wedge, with the breakout level sitting just above $83,000. Should the price pierce that upper boundary convincingly, analysts anticipate a surge toward the $100,000 level by June.
However, if BTC faces rejection at this upper trendline, there remains the possibility of another move downward — possibly toward the wedge apex near $71,100. Even then, a rebound from that lower level could still set the stage for a rise to at least $91,500.
This technical setup, combined with broader market confidence, has many bulls convinced the $100K goal is within reach — assuming price action cooperates in the weeks ahead.
On-chain support levels align with bullish outlook
On-chain metrics reinforce the case for further upside. Bitcoin recently bounced before testing a significant support zone between $65,000 and $71,000 — an area derived from two key metrics: the “active realized price” at $71,000 and the “true market mean” near $65,000.
These metrics represent the average cost basis for actively traded Bitcoin, excluding long-dormant or lost coins. Historically, Bitcoin has spent an equal amount of time trading above and below this range, making it a pivotal area for investor sentiment.
According to analysts at Glassnode, this zone is now a critical battleground. “There is confluence across multiple on-chain valuation models that place importance on the $65K to $71K band,” they wrote. “If Bitcoin holds this range, it strengthens the foundation for a long-term bullish continuation.”
A meaningful drop below this zone, however, would imply most active participants are holding BTC at a loss — typically a red flag that can trigger further sell pressure and sentiment deterioration.
50-week EMA becomes key pivot for trend direction
One of the most important technical levels now in play is Bitcoin’s 50-week exponential moving average (EMA), which currently sits near $77,760. Historically, this indicator has acted as support during bull markets and resistance during bear cycles.
Staying above the 50-week EMA keeps the bullish narrative intact. But should Bitcoin dip below this dynamic support, the odds of a deeper pullback increase significantly — possibly dragging prices as low as the 200-week EMA around $50,000.
Past cycles show that breakdowns below the 50-week EMA tend to coincide with major retracements. This was evident in the 2019–2020 and 2021–2022 downturns, when BTC saw substantial losses after losing the EMA support.
Bulls hope for momentum confirmation above $83K
The coming weeks could be decisive. A confirmed breakout above $83,000 may provide the catalyst needed to push Bitcoin toward $100,000. But the path forward depends heavily on maintaining support levels and broader market stability — including how equity markets and geopolitical tensions evolve.
With tariffs paused, sentiment improving, and technicals aligning, Bitcoin bulls have fresh fuel for their $100K ambitions. But as always, the crypto market remains dynamic and vulnerable to sudden shifts.