The impact of the new tariffs on various countries imposed by the US has been brutal

As the traditional markets thrashed harder than the crypto markets

The impact of the new tariffs on various countries imposed by the US has been brutal, as the traditional markets thrashed harder than the crypto markets, which displayed some stability and a quick recovery from the recent lows.

The BTC price has bounced back from the immediate lows seen close to the $82,000 mark but faces a major hurdle that needs to be addressed for the price to rise further. Once done, the price is expected to rise smoothly above the $90,000 psychological handle.

As seen in the above chart, the bulls are attempting to keep up the trend elevated, but until and unless the price manages to close a candle completely above the ascending trend line, the fear of a strong pullback will continue to loom. The volume has dropped while the 50-200 day MAs are approaching a bearish crossover, also called the Death Cross. The DMI had undergone a bullish crossover, but the lack of volatility is seen compelling the levels to reverse the trend.

As a result, the BTC price is expected to face yet another bearish action in the coming day, which may drag the levels close to the $81,000 support initially. The bulls have been defending the support for a long time but failed to trigger a 20% recovery after a rebound, hinting that more downfall is required to attract fresh liquidity.

Therefore, the Bitcoin price is expected to break the support and form fresh bottoms for 2025 somewhere around the $76,700 to $77,000 zone, which may further lay down a strong ascending trend beyond $90,000.