"Bitcoin Price Stagnation: Trump's Tariffs Impact and Trendline Battle"

Why Bitcoin Price Seems Stuck

Bitcoin (BTC) price has been consolidating within a roughly $3,000 range since April 9 as the 200-day SMA trendline remains a stubborn barrier. Data from Cointelegraph Markets Pro and Bitstamp shows that BTC price oscillates within a tight range between $83,000 and $86,000. Key factors contributing to Bitcoin's flat price action include Trump's mixed signals on technology tariffs and the equilibrium of buy and sell pressure with BTC price trapped between two key levels.

Market Uncertainty Due to Trump Tariffs

One significant factor contributing to Bitcoin price flatlining is the White House's semiconductor and technology tariff inconsistency. Bitcoin price rallied on April 11 after US President Trump announced tariff exemptions for an array of tech products, including smartphones, chips, computers, and semiconductors. However, Commerce Secretary Howard Lutnick later walked back on this announcement on April 13, stating that the tariff relief on electronics was temporary. President Trump confirmed this and mentioned that the tariff rate would be announced next week, showing flexibility for some companies in the tech sector. This flip-flopping breeds uncertainty, as tariffs could disrupt supply chains for tech firms, many of which are intertwined with crypto infrastructure like mining and blockchain companies. Market participants are taking a wait-and-see approach to see how policy clarity could impact the market.

Bitcoin Price Trapped Between Trendlines

Another reason why Bitcoin price remains stuck in limbo is that it trades within two significant levels - the 50-day simple moving average (SMA) at $84,400 and the 200-day SMA at $87,500. The 200 SMA acts as resistance while the 50 SMA provides support on the daily candle chart. The value of the RSI close to the midline at 52 suggests a tug-of-war between the bears and the bulls. Bitcoin needs to break the 200 SMA trendline and confront resistance at the $90,000 psychological level. Falling below the 50-day SMA could lead to a deeper correction. Meanwhile, the Bitcoin liquidation heatmap reveals heavy asks around the 200-day SMA and bids just below the 50-day SMA, indicating liquidity clusters containing BTC prices within the current market structure. Please note that this article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making any decisions.