Bitcoin (BTC) Price Consolidates Around $85,000 Support Level Despite Escalating Sell-offs in the Broader US Stock Market

Bitcoin (BTC) price avoids $80K breakdown despite early-week volatility. After a volatile start to the month, Bitcoin (BTC) has shown resilience this week.

Bitcoin (BTC) price showed resilience on Friday, April 18, as it managed to maintain support around the $85,000 level despite escalating sell-offs in the broader US stock market, driven by rising tariffs and Nvidia’s billion-dollar charge.

As on-chain divergence data highlights a sharp investor pivot toward Bitcoin since Trump’s “Liberation Day” tariff announcement on April 2.

Bitcoin (BTC) has shown resilience this week as it managed to avoid dropping below the $80,000 level despite early-week volatility.

After a volatile start to the month, sparked by Trump’s latest move in the US-China trade war, saw BTC struggling to maintain support at the $80,000 level. However, despite sharp swings in global financial markets, Bitcoin has shown resilience.

Indeed, as Nvidia announced a hefty $5.5 billion charge due to escalating tariffs, which in turn pushed US tech stocks into steeper losses, Bitcoin has remained largely unperturbed.

Bitcoin outperforms S&P 500 since ‘Liberation Day’ tariffs

As retail traders and broader markets react, macro trends show Bitcoin has decisively outperformed traditional equities in the two weeks since Trump’s latest trade war initiative.

After Nvidia’s $ 5.5 billion tariff-linked charge pushed US tech stocks into steeper losses, a broad selloff ensued. However, Bitcoin (BTC) remained largely unmoved by the broader market turbulence.

According to Santiment data, the BTC vs. S&P 500 divergence coefficient dropped from 0.16% on April 2 to 0.083% by April 18—highlighting a 48.1% outperformance by Bitcoin in just two weeks.

This statistic highlights a noticeable shift in capital as investors are increasingly seeking refuge in Bitcoin amid tariff-induced volatility in the equity markets.

Furthermore, strong US Jobless Claims data and rising political pressure for rate cuts may bode well for BTC’s bullish positioning, especially if macro conditions continue to favor alternative assets like Bitcoin.

Bitcoin price analysis: BTC poised for breakout toward $87,400?

Bitcoin is trading around $84,540, consolidating slightly below the midline of the Bollinger Bands on the daily chart.

After recovering from early April’s drop to $77,900, now the lower Bollinger Band support, BTC price has gradually climbed with diminishing volatility. The upper Bollinger Band now caps resistance at $87,424, while the middle band, at $82,680, serves as a key pivot zone.

Volume Delta remains neutral at 193, suggesting neither bulls nor bears hold significant advantage, but the narrowing bands signal an incoming volatility expansion.

Bitcoin price forecast today suggests a potential upward breakout as price action stabilizes above the Bollinger midline and consolidates in tight daily ranges. Despite a red candle today, recent green-bodied candles suggest bulls are regaining control. A break above $85,500 would open room toward $87,400 and potentially $88,000.

Conversely, failure to hold above $82,680 risks a retrace to $80,000 and $77,900. However, barring unexpected sell pressure, the path of least resistance remains upward. The low-volume pullback hints at profit-taking rather than trend reversal.