Bitcoin’s resilience is on full display as over 85% of holders remain in profit despite recent market turbulence triggered by Trump’s tariff policies. The impact of global tariffs on Bitcoin’s price action has become a focal point for traders and investors alike.
Market Bounce After Trump’s Tariff Pause
Yesterday’s market saw a significant recovery after U.S. President Donald Trump announced a 90-day pause on reciprocal tariffs for most countries, excluding China. This policy shift triggered an immediate 11% surge in Bitcoin’s price, demonstrating the cryptocurrency’s increasing correlation with macro events.
On-Chain Metrics Show Strong Holder Conviction
According to IntoTheBlock data, Bitcoin’s underlying strength remains remarkable:
- 85% of holders maintaining profitability despite 30% drawdown from ATH
- Strong accumulation continuing at $80,000 support level
- Long-term holder base showing unprecedented resilience
Technical Analysis: Key Levels to Watch
Bitcoin currently faces several critical price levels:
- Immediate resistance: $83,500 (200-day MA)
- Key support: $80,000 (psychological level)
- Major resistance zone: $87,000-$88,000
Market Outlook and Trading Implications
While the immediate bounce provides relief, several factors warrant attention:
- China’s continued 125% tariff could impact global markets
- Technical resistance at $83,500 needs clearing for sustained recovery
- Broader market sentiment remains cautious despite strong fundamentals
FAQ Section
Q: Why are Bitcoin holders still profitable despite the correction?
A: The majority of Bitcoin positions were accumulated at lower price levels, below $60,000.
Q: What impact do tariffs have on Bitcoin’s price?
A: Tariffs can drive capital flight to Bitcoin as a hedge against economic uncertainty and currency devaluation.
Q: Is $80,000 a strong support level for Bitcoin?
A: Yes, $80,000 has emerged as a key psychological and technical support level with significant buyer interest.
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