Source: Cointelegraph.com NewsBitcoin (BTC) hit an eleven-day high on April 13 as the crypto market relief rally closely tracked US financial policy changes.BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView
\nBitcoin traders say brace for more volatility
\nData from Cointelegraph Markets Pro and TradingView showed BTC\/USD reaching $86,000 for the first time since April 2.
\nThe pair had reacted well to news that US President Donald Trump had decided to exclude certain key products from his ongoing trade tariffs against China.
\nTraditional markets are closed on weekends \u2014creating lower-liquidity trading in crypto markets and raising the chance for price volatility\u2014 with Bitcoin subsequently dropping under $84,000.
\nWith hours to go until the weekly close, BTC\/USD was thus up 7% for the week, having started with a trip to new five-month lows.
\nCommenting, traders were cautious over BTC price strength.<\/p>\n
Call me crazy but I don\u2019t think I trust this breakout on $BTC.Low volume, overbought stoch, and on a weekend.If we can remain over 84k through Monday I\u2019ll look for higher but for now this seems sketchy. pic.twitter.com\/qKVdYAOYPJ\u2014 Roman (@Roman_Trading) April 12, 2025<\/p>\n
Daan Crypto Trades noted the ongoing interplay with the 200-day exponential moving average (EMA) at $85,000. Source: Cointelegraph.com NewsBitcoin (BTC) hit an eleven-day high on April 13 as the crypto market relief rally closely tracked US financial policy changes.BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView Bitcoin traders say… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127096"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=127096"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/127096\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=127096"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=127096"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=127096"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u201cThis is however still a weekend move so far and we know next week will be volatile again with news regarding tariffs and the first big tech earnings coming up,\u201d part of a post on X read.
\nBTC\/USD 1-day chart with 200 EMA. Source: Cointelegraph\/TradingViewWell-known trader Peter described the rebound from the lows as looking \u201cmore corrective than it does impulsive.\u201d
\nBTC\/USD 2-hour chart. Source: Peter Brandt\/XPopular trader and analyst Rekt Capital meanwhile saw the true hurdle to a Bitcoin bull market rebound coming in the form of a stubborn long-term daily downtrend.
\n\u201cBitcoin has Daily Closed above the Downtrend. Thus, breakout confirmation is underway,\u201d one of his latest X updates explained alongside an illustrative chart.
\n\u201cHowever BTC has previously Daily Closed above the Downtrend but failed its retest (a few of the red circles). Retest needs to be successful and it is in progress.\u201d
\nBTC\/USD 1-day chart. Source: Rekt Capital\/XAs Cointelegraph reported, the daily downtrend, in place since late 2024, is earmarked as a key hurdle for bulls to overcome.
\nRelated: Bollinger Bands creator says Bitcoin forming ‘classic’ floor near $80K
\nRSI bullish divergence still in play
\nAnother post flagged promising signals on Bitcoin\u2019s relative strength index (RSI) indicator.
\nA classic leading indicator, RSI continued to print another bullish divergence with price on daily timeframes.
\n\u201cBitcoin is developing yet another Higher Low on the RSI while forming Lower Lows on the price,\u201d Rekt Capital summarized.
\n\u201cOverall, throughout the cycle Bitcoin has formed Bullish Divergences like this on a few occasions already. Each Bull Div preceded reversals to the upside.\u201d
\nBTC\/USD 1-day chart with RSI data. Source: Rekt Capital\/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"