Bitcoin’s price action remains volatile despite positive macroeconomic developments, as the leading cryptocurrency whipsawed between $83,000 and $79,000 in the past 24 hours. The initial surge past $83K was triggered by President Trump’s tariff pause announcement, but the gains proved short-lived.
Key Market Movements
- Bitcoin surged to $83,000 late Wednesday following Trump’s 90-day tariff pause
- Price retreated to $79,000 on Thursday morning despite positive inflation data
- 24-hour trading volume exceeded $48 billion across major exchanges
- Market volatility indicators suggest continued choppy trading ahead
Macro Factors at Play
The cryptocurrency market’s reaction to macro events has intensified in 2025. Recent CPI data showing cooling inflation initially supported Bitcoin’s price, but failed to prevent the subsequent decline. This suggests that while macro factors influence crypto markets, other technical and market-specific dynamics are equally important.
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Technical Analysis
Key support levels remain at $77,000 and $75,000, while resistance sits at $83,500 and $85,000. The recent price action has formed a classic consolidation pattern, suggesting a major move could be imminent.
Expert Outlook
Market analysts remain divided on Bitcoin’s short-term direction. While some point to the positive macro backdrop as a catalyst for further gains, others warn of potential volatility ahead of the upcoming halving event.
FAQ
Why did Bitcoin drop despite positive news?
Market dynamics suggest profit-taking and technical factors overshadowed positive macro developments.
What impact could the tariff pause have on crypto?
The 90-day pause may reduce market uncertainty and potentially support crypto prices in the medium term.
Where is Bitcoin’s next major support level?
Strong technical support exists at $77,000, with additional backing at $75,000.