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The Bitcoin price dropped over 1% in the last 24 hours to trade at $83,357 as of 5:14 a.m. EST, with trading volume skyrocketing 97% to $49.8 billion.
The BTC price remained above the $83,000 level despite US President Donald Trump announcing the long-awaited “Liberation Day” reciprocal tariffs at the White House Rose Garden.
Trump turned "Liberation Day" into "Liquidation Day"
After Trump's tariff announcement, S&P 500 futures erased $2T in just 15 minutes.
$300M in leveraged positions were liquidated in just 4 hours.
BTC dumped from $88,500 to $83,000 in just an hour.
US recession odds hit 50%.… pic.twitter.com/zhM9juTAsW
— Cas Abbé (@cas_abbe) April 3, 2025
After the announcement, global markets shifted into “risk-off” mode, with US Stock futures tumbling sharply and gold surging to a new high.
Bitcoin Price Forming A Bullish Breakout Scenario
The BTC price on the 4-hour timeframe is forming a symmetrical triangle pattern, indicating consolidation before a potential breakout.
The price of BTC is currently trading near the lower trendline of the triangle, suggesting a crucial support level around $82,500, according to GeckoTerminal data.
Recently, the Bitcoin price attempted a breakout above the upper trendline but faced rejection near $87,500, leading to a strong pullback.
This failed breakout indicates that sellers are still active at higher price levels, making it challenging for bulls to gain control. BTC is currently hovering around $83,357, attempting to find stability before its next major move.
Meanwhile, the 50 Simple Moving Average (SMA) on the 4-hour chart at $84,332.99 and the 200 SMA at $84,825.33 are both acting as dynamic resistance levels. The fact that the BTC price is below both SMAs suggests that the overall market structure remains bearish.
The Relative Strength Index (RSI) is at 47.34, which places it in a neutral zone. This means there is no strong momentum in either direction, aligning with the symmetrical triangle’s characteristic of consolidation.
BTC Price Prediction
The Bitcoin price action within the symmetrical triangle suggests that BTC is approaching a decision point.
If the price of BTC breaks above the upper trendline (around $87,500), it could trigger a bullish rally toward $90,000 or higher, with further upside potential if volume increases.
On the other hand, if BTC breaks below the lower trendline (around $82,500), a bearish move could follow, pushing the price toward $80,000 or lower.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called BTC Bull Token (BTCBULL), which will give token holders free Bitcoin.
99Bitcoins, a prominent YouTube channel with over 725k subscribers, says BTCBULL has the potential to soar 10X after launch.
BTC Bull Token Presale Racing Toward The $5 Million Milestone
Although Bitcoin has been in constant decline since it peaked at $109,487 in late January, BTC Bull Token investors are confident the leading cryptocurrency is on track to soar to $250,000.
BTC Bull Token is designed to deliver rewards when the price of Bitcoin reaches specific milestones. At $150k, $200k, and $250k, BTCBULL token holders will receive free Bitcoin via airdrops.
The project has already raised over $4.3 million as investors seek an alternative way to gain BTC exposure.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
BTC Bull Token’s overwhelming popularity stems from the project’s generous rewards system.
It’s the only meme coin offering investors an opportunity to earn real Bitcoin rewards, which are incredibly valuable in a market where the price of BTC is expected to rocket higher.
Additionally, at every $25k increase in the BTC price, starting at $125k, the project will buyback and burn BTCBULL tokens.
BTCBULL token holders also have an opportunity to earn passively through the project’s staking platform, which offers a massive 95% annual percentage yield (APY).
Investors interested in participating in the presale can visit the official BTC Bull Token website to buy BTCBULL tokens for $0.002445 each using BNB, ETH, USDT, or a bank card.
Buy before a price hike in less than 3 days to lock in the best presale rate.
Visit the BTC Bull Token website.
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