$88K in Sight? Bitcoin Builds Momentum Amid Trade War and Pro-Crypto Legislation
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Cryptocurrency
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We believe in full transparency with our readers. Some of our content includes affiliate links, and we may earn a commission through these partnerships. However, this potential compensation never influences our analysis, opinions, or reviews. Our editorial content is created independently of our marketing partnerships, and our ratings are based solely on our established evaluation criteria. Read More
Bitcoin (BTC) is gaining ground, trading near $82,300 on Friday and targeting a key resistance level at $83,600. With macroeconomic headwinds and regulatory tailwinds converging, the stage is set for a potential breakout.
Rising trade tensions between the U.S. and China, fresh pro-Bitcoin legislation, and easing regulatory pressure on decentralized finance (DeFi) have created an environment increasingly favorable to digital assets.
As market participants weigh inflation risks, capital flight, and the weakening U.S. dollar, Bitcoin’s role as a hedge is gaining new momentum—both on the charts and in policy circles.
Trade Tensions Could Accelerate Bitcoin Adoption
According to Samson Mow, CEO of JAN3, the Trump administration’s decision to hike tariffs on Chinese imports to 145% may have ripple effects beyond traditional markets.
Mow argues that shrinking Chinese trade surpluses could reduce Beijing’s demand for U.S. Treasuries, driving yields higher and weakening global trust in fiat currencies.
“This could accelerate hyperbitcoinization,” Mow said, referencing a rapid shift toward Bitcoin adoption.
Mow also warned that proposals to delist Chinese companies from U.S. exchanges could trigger capital flight, with many Chinese investors turning to Bitcoin as a hedge against yuan devaluation and financial instability.
Trump Repeals IRS DeFi Rule—Boosting Crypto Confidence
In a major win for the crypto industry, President Donald Trump repealed the IRS DeFi Broker Rule on April 10.
Originally finalized under the Biden administration, the rule attempted to classify decentralized platforms and non-custodial wallet providers as brokers—forcing them to collect user data and report transactions via IRS Form 1099.
Critics slammed the regulation as unworkable, especially for decentralized protocols that lack the infrastructure to comply.
Now repealed via the Congressional Review Act, the rollback removes a significant regulatory overhang for DeFi and boosts confidence across the entire digital asset space.
Trump’s broader pro-crypto agenda, which includes establishing a federal Bitcoin reserve and a dedicated crypto task force, signals strong government support for blockchain innovation.
North Carolina Pushes Forward With Bitcoin-Friendly Legislation
Adding to the momentum, Representative Neal Jackson of North Carolina introduced the Digital Asset Freedom Act, a bill that effectively promotes Bitcoin as a legal settlement tool.
While the bill doesn’t explicitly name BTC, its criteria—a capped supply, ten-year track record, $750B market cap, and proof-of-work—point directly at the world’s largest cryptocurrency.
This follows North Carolina’s earlier move to ban CBDCs, showing continued state-level resistance to centralized monetary control and growing acceptance of Bitcoin as a hedge against inflation.
Bitcoin Price Eyes $84K Breakout as Technicals Align
On the technical front, Bitcoin is trading just below $82,300, approaching a key resistance level at $83,600. This area aligns with the upper boundary of a symmetrical triangle and a Fibonacci cluster, making it a crucial pivot point.
- Resistance to watch: $83,600 → Breakout could target $86,400 and $88,600
- Support levels: $80,800 (50 EMA), $80,000, and $77,800
- RSI: 57 — still supportive of further upside
A decisive move above $83,600 with volume confirmation could flip short-term market sentiment bullish, paving the way for the next leg up.
Bottom Line
With geopolitical risks rising, regulatory barriers falling, and state-level crypto support growing, the macro and technical backdrop is aligning in Bitcoin’s favor. A breakout above $83,600 could mark the start of a sustained rally toward $88,000—especially as traditional financial systems show increasing signs of stress.
Watch $83,600 closely. If Bitcoin clears that level, the momentum could carry it far beyond.
BTC Bull Presale: Earn Real Bitcoin with Every Price Milestone
BTC Bull ($BTCBULL) is gaining traction as one of the most exciting presales in crypto, combining meme culture with real utility. Designed for long-term holders, the token automatically rewards investors with real Bitcoin as BTC reaches major price thresholds—aligning community incentives with Bitcoin’s growth.
Staking for Passive Bitcoin Income
BTC Bull offers a lucrative staking program boasting a 119% APY, allowing users to earn passive income while supporting the network. With over 882.5 million BTCBULL tokens already staked, community engagement continues to grow.
Latest Presale Updates:
- Current Token Price: $0.002455 per BTCBULL
- Raised So Far: $4.5M of $5.23M target
With limited time remaining and demand accelerating, this is a key window to secure BTCBULL at presale rates before the next price jump.
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