After tumbling more than 10% over the past few sessions, Bitcoin seems to be catching its breath—and even turning the tide. It's now logging its second day in the green, up by +0.78% today. Could this be the start of a meaningful rebound?
As Trade Wars Escalate, Bitcoin Regains Its Safe-Haven Appeal
The timing couldn’t be more interesting. With Donald Trump threatening a massive 50% tariff hike on Chinese goods unless Beijing backs down by April 9, global markets are wobbling once again. Stocks are jittery, Apple’s taken a hit, and trade war headlines are stealing the show. But amid the chaos, one asset seems to be quietly regaining its strength: Bitcoin.
Why now? Why Bitcoin?
When traditional markets crack under political pressure and central banks can’t provide clarity, investors start looking elsewhere. Bitcoin—with no borders, no trade negotiations, and no interest rate surprises—starts to feel like a digital escape hatch. As Ray Dalio puts it, this isn’t just about tariffs—it’s about a fragile global order unraveling. And that’s exactly the kind of storm where Bitcoin thrives.
Could Bitcoin be the calm in the financial storm once again? Let’s break down what the charts are hinting at next!
Bitcoin Regains Momentum — Are $81K and Beyond Within Reach?
Image Source: TradingView
We placed the Fibonacci retracement from the recent high on April 2nd at $88,560 to the low on April 7th at $74,420. On the current H4 BTC/USD chart, Bitcoin is trading around $79,890, and we’re starting to see some early signs of bullish momentum creeping back in.
Why’s that exciting? Well, BTC just closed a candle above the 38.2% Fibonacci level at $79,820 — a classic signal that buyers are stepping back into the game. Add to that, the MACD is showing some solid confirmation: the MACD line has crossed above the signal line, and those green bars? Yep, they’ve just popped up above the zero line — another nod toward growing upward pressure.
The Stochastic Oscillator is also chiming in — it’s sitting at 62 and inching closer to that key 80 level, which usually hints at continued upward movement.
Now, if this momentum holds, we could be looking at the next stop around the 50% Fibonacci retracement level at $81,494 — about +1.97% above current levels. A strong close above that zone could open the door to $83,179, which is the 61.8% retracement level and a key area to watch if bulls stay in control.
On the flip side, if the market decides to cool off, there’s a safety net down at the 23.6% Fibonacci level, sitting around $77,720 — roughly -2.75% below where we are now. That could act as a solid support to catch any pullbacks and keep the broader uptrend intact.
In short: BTC is showing signs of strength, and if it can keep this up, we might see a retest of those higher levels very soon. But, as always in crypto, keep an eye on those support zones — things move fast.
