- Bitcoin topped $88K after an update on Trump tariff plans.
- For extended recovery, the previous support of $90K-$93K was a crucial hurdle to be cleared.
On Monday, Bitcoin [BTC ($87,605.00)] topped $88K following President Donald Trump’s ‘less severe’ tariff plans scheduled for April 2nd.
Initially, most macro analysts from QCP Capital and Coinbase had warned of potential downside risks in case of renewed tariff wars in early Q2.
As a result, the relief BTC rally after last week’s Fed meeting was extended to $88K. However, analysts were still divided on the BTC’s potential recovery above $90K.
Mixed Bitcoin projections
Bullish analysts cited technical charts and structural shifts, suggesting that BTC could reclaim $90K and an all-time high (ATH).
In fact, Bob Loukas, a trader and analyst, noted that bulls were in control and the rally could last 15 weeks, citing historical and structural shifts on price charts.
He said,
“No real excuses left now for the bulls, the Cycle count is on their side. (Week...
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