Trump's "Liberation Day" tariffs caused a dip but could lead to a short rally.

Analyst hint that Bitcoin may hit $100,000 if it breaks through the $88,668 resistance level soon.

The crypto market is showing signs of a potential rally as April begins. Historically, the month has seen crypto prices rise by 12% to 30%, and with President Donald Trump’s “Liberation Day” just one day away, the excitement has doubled.

Already, Bitcoin, the biggest cryptocurrency, has surged past $83,000, recovering from a short decline over the past five days.

Now the big question is, will Trump’s tariff decisions have a big impact on the market? And could Bitcoin reach $100,000 soon, or will we need to wait a bit longer for that?

Trump’s ‘Liberation Day’ May Bring a Dip But Also a Short Rally

The announcement of Trump’s “Liberation Day” initially caused a dip in the crypto market, with big players like Bitcoin (BTC) falling 5% and Ether (ETH) dropping 10%. The tariffs were part of a strategy for trade deals and border security.

However, the direct impact of Trump’s tariffs on crypto is still unclear. Some analysts think the uncertainty could lead to a short rally if Trump changes or removes some tariffs.

On the other hand, if the tariffs lead to a recession or increase economic tensions, the Federal Reserve might lower interest rates or introduce stimulus measures. This, in turn, could spark increased demand for riskier assets, including cryptocurrencies, potentially starting a longer-lasting bullish trend.

Bitcoin Eying $100K Mark As Recovery Begins

Bitcoin’s recent movement suggests a recovery is already in progress. After dipping below $80,000, Bitcoin has surged back above $83,000, now eyeing the $85,000 resistance level.

Market analyst Enmanuel Cardozo believes the second quarter could see further gains, particularly if the Federal Reserve follows through on expected rate cuts and Trump’s policies favor the crypto market.

According to Cardozo, if Bitcoin can break through the $88,668 resistance, it may surge toward the $100,000 mark. However, he cautions that a dip is still possible if broader macroeconomic factors cause a slowdown.

Despite the optimism, Presto Research Analyst Min Jung remains cautious, pointing out that the market is in a “wait-and-see” phase as details about Trump’s tariffs remain unclear.

Other Cryptos Join The Rally

While Bitcoin is leading the charge, other major cryptocurrencies are also showing signs of recovery.

As the cryptocurrency market shivers in anticipation of President Donald Trump’s ‘Liberation Day,’ which is set for April 1, several cryptocurrencies have shown strength despite the recent market turmoil.

As of 07:18 ET (11:18 GMT), Bitcoin was trading up by 0.3% over the past 24 hours at $83,130.

As the crypto market braced for Trump’s sweeping tariff decisions, which could have broad implications for the global economy, major cryptocurrencies showed mixed movements.

According to reports, Trump’s administration is planning to impose tariffs of up to 700% on several types of goods from China in response to alleged intellectual property theft and technology forced transfer.

The administration is also considering imposing tariffs of up to 500% on goods from Mexico and Canada as part of its strategy to renegotiate trade deals and enhance border security.

While the direct impact of Trump’s tariffs on crypto is still open to debate, some analysts believe the uncertainty surrounding the tariffs could lead to a short rally if Trump changes or removes some tariffs.

Alternatively, if the tariffs lead to a recession or increase economic tensions, the Federal Reserve might be pushed to lower interest rates or introduce stimulus measures. This, in turn, could spark increased demand for riskier assets, including cryptocurrencies, potentially starting a longer-lasting bullish trend.

Bitcoin Could Reach $100K Soon

Bitcoin’s recent price action suggests that a recovery may already be underway. After falling below the $80,000 level, Bitcoin has managed to rebound and is now trading above the $83,000 mark as it eyes the next resistance at $85,000.

Enmanuel Cardozo, a market analyst at Cardozo Research, suggests that the second quarter could witness further gains in the crypto market, particularly if the Federal Reserve follows through on anticipated rate cuts and Trump’s policies are favorable to the crypto industry.

According to Cardozo, if Bitcoin can break through the strong resistance at the $88,668 level, it may surge toward the psychological barrier of $100,000. However, he cautions that a broader