Bitcoin price skyrocketed past $84,000 on Wednesday after Donald Trump’s tariff rollback caught markets by surprise. The move triggered a powerful 8% surge, breathing new life into crypto markets. Investors quickly responded to the shift in global trade sentiment, which had previously stirred uncertainty.
This price spike also seemed to validate BlackRock CEO Larry Fink’s prediction. Just days earlier, he suggested that market turbulence could present a rare opportunity for long-term investors to “buy the dip.”
Trump’s Tariff Pivot Ignites Crypto Market Rally
Bitcoin (BTC) entered a strong 12% rebound on Thursday, reacting to Trump’s abrupt change in trade policy. The president announced a flat 10% tariff for most countries (excluding China), easing fears of a full-blown trade war.
The crypto market didn’t wait. BTC shot up from a low of $74,700 to nearly $83,600 in hours. Altcoins followed suit, with Ethereum, XRP, Cardano, Solana, and Dogecoin all posting double-digit gains.
BlackRock’s Fink Was Right: Market Sees a Dip to Buy
Earlier this week, Larry Fink warned that broad tariffs could spark a major correction. However, he also called it a “buying opportunity.”
“I see it more as a buying opportunity than a selling opportunity,” Fink told the Economic Club of New York.
Trump’s policy U-turn seems to support that view. Investors rushed back into Bitcoin, likely seeing the dip as a temporary move in a longer bull trend.
Bitcoin Exchange Deposits Surge Amid Volatility
Despite the price surge, not all signals are bullish. According to CryptoQuant, Bitcoin deposits on Binance have surged over the past two weeks. Between March 28 and April 10, deposits jumped from 2.41M to 2.43M BTC.
That’s over $1.34 billion worth of Bitcoin flowing into Binance. Historically, rising exchange deposits often signal market caution—investors preparing to sell or respond to sudden volatility.
Unless Binance sees large withdrawals soon, the market may remain in short-term reaction mode.
BTC Eyes $88.8K Resistance Before $100K Milestone
Bitcoin’s next major test lies at $88,800. This resistance marks the local high from April 2, when Trump’s original tariff plan was announced. According to the 12-hour Keltner Channel, that level is also a technical ceiling.
Many traders who bought during the dip could sell around this breakeven zone, creating a temporary wall.
If Bitcoin breaks through with volume, however, the road to $100,000 could open.
Inflation Data Could Be the Game-Changer
Markets now await inflation reports from both the U.S. and China. A soft (dovish) reading could fuel further gains and support Fink’s bullish stance.
But if inflation runs hot, that could trigger a risk-off reaction, pressuring both Bitcoin and traditional markets.
Bearish Scenario: BTC Could Dip to $73.5K
A sharp retracement remains possible. If BTC drops below $80,000 on strong volume, the $73,500 support becomes the next key level to watch.
That zone aligns with recent liquidity and the lower Keltner Channel band. Also, the Detrended Price Oscillator (DPO) remains negative at -1,888, suggesting weak trend momentum despite the rebound.
Final Thoughts
Bitcoin has shown impressive strength, bouncing back above $84K. But for the bullish momentum to continue, BTC must break past $88,800. Otherwise, inflation concerns and market anxiety could send it back toward $73,500.
As macro events unfold, traders should stay alert. The next few days may decide whether Bitcoin’s journey to $100K is a straight shot—or a detour.
