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The Bitcoin price has risen 1% in the last 24 hours to trade at $84,420 as of 3:30 a.m. EST on a 33% plunge in trading volume to $35 billion.
This increase in the BTC price comes as BitMEX co-founder Arthur Hayes argues that Donald Trump’s new tariffs will benefit Bitcoin because the US government will likely print more money to offset the economic strain.
Hayes believes that global imbalances will be corrected while liquidity increases, which could push BTC higher. He advises investors to remain patient as governments inject more money into the economy, weakening the US dollar and potentially driving capital into Bitcoin and gold.
This is the only thing you need to read about tariffs to understand Bitcoin for 2025. This is undoubtedly my highest conviction macro trade for the year: Plaza Accord 2.0 is coming.
Bookmark this and revisit as the financial war unravels sending Bitcoin violently higher. pic.twitter.com/WxMB36Yv8o
— Jeff Park (@dgt10011) February 2, 2025
Additionally, Hayes notes that the 2-year treasury yield is dropping following Trump’s tariff announcement, which could force the Federal Reserve to cut rates and restart quantitative easing (QE).
Bitcoin Price Continues To Consolidate – Can The Bulls Regain Momentum?
The Bitcoin/USDT chart on the 1-day timeframe shows that Bitcoin is currently trading at $84,420, with a daily open of $83,213.09, a high of $84,596.68, and a low of $82,577.63. The daily price change stands at $1,206, indicating slight bullish momentum for the day.
From a structural perspective, Bitcoin previously moved within a bearish channel from July to October 2024, where the price was declining steadily. However, the price broke out of this channel, leading to a strong uptrend between October and December 2024, pushing Bitcoin past $100,000.
During this period, liquidity was taken on the upside, fueling the bullish rally. The momentum eventually slowed, and Bitcoin hit a major resistance zone around $110,000, leading to a market reversal.
BTCUSDT Analysis Source: Tradingview
Following this resistance rejection, Bitcoin entered a downtrend and broke structure (BOS) in March 2025, finding support in the $75,000 – $80,000 range. This area acted as a demand zone, where buyers stepped in to increase prices.
The price shows signs of a potential uptrend, consolidating around $84,000. A break above $90,000 could confirm a bullish reversal, potentially leading to another retest of the $100,000 – $110,000 resistance zone.
The Relative Strength Index (RSI) is currently at 48.20, with the signal line at 47.09, indicating a neutral zone. If the RSI moves above 50, it could signal increasing bullish momentum. Additionally, liquidity levels suggest that $75,000 serves as strong support, while $100,000 remains a key resistance level.
If buyers push the price above $90,000, it could confirm an uptrend continuation towards $100,000. However, if Bitcoin fails to hold above $84,000 and breaks below $80,000, it may revisit the $75,000 support zone. The next few daily closes will determine whether Bitcoin continues its recovery or faces another downward correction.
BTC Bull Token Presale Races Toward $5 Million – Best Crypto To Buy Now?
While the Bitcoin price consolidates, investors seeking potential gains may find BTC Bull Token (BTCBULL) a compelling alternative as its presale crashes past $4.4 million.
BTC Bull Token is a Bitcoin-themed meme coin that aims to reward its token holders as the largest crypto by market cap soars to new heights.
Crypto analyst and YouTuber Alessandro De Crypto, with over 14.4K subscribers, predicts substantial potential gains for the token once it launches
BTC Bull Token is designed to celebrate and support Bitcoin’s journey to $1 million per coin. As BTC’s price soars, the project will airdrop free Bitcoin to its token holders and execute a series of BTCBULL token burns at certain price milestones.
According to the project’s website, token holders using Best Wallet will receive free Bitcoin airdrops starting when Bitcoin reaches $150K, with additional airdrops for every $50K increase thereafter.
Meanwhile, the first token burn will happen when BTC’s price reaches $125K for the first time. Every $25K increase after that will also permanently remove tokens from the supply. The BTC airdrops and BTCBULL token burns could lead to a skewed demand and supply ratio for BTCBULL.
BTCBULL has breached the system. Bitcoin is here to stay. ⚡ $CTX $PRQ $SPA pic.twitter.com/1ri7pxPFD8
— Nadeem632 (@Nadeem6321) February 24, 2025
Interested investors can acquire BTCBULL for $0.002445 apiece via the buy widget on its website using either a crypto or a bank card. BTCBULL tokens can also be staked in the project’s presale staking pool, which offers a 95% APY.
Anyone looking to get the best deal should buy before the next presale price increase in a little more than two days.
Check out BTC Bull Token on its official website.
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