Bitcoin on the edge – Can tariff pause & low inflation spark a rebound?
The post Bitcoin on the edge – Can tariff pause & low inflation spark a rebound? appeared on BitcoinEthereumNews.com.
Bitcoin, at press time, was testing its upper channel boundary as inflation cooled down and Trump paused tariff hikes Whale activity and rising large transactions reinforced a potential breakout above key resistance Bitcoin [BTC] is regaining investor attention again after Trump’s tariff pause and cooling inflation eased macroeconomic pressure, potentially creating the perfect set-up for a bullish breakout. These two developments have sparked renewed optimism across global markets, reducing the need for aggressive monetary tightening and encouraging a shift towards risk assets. Therefore, Bitcoin—often favored as both a hedge and a growth asset—stands to benefit from the improving backdrop. As institutional appetite gradually returns, the price structure and on-chain behavior are beginning to reflect this renewed momentum. Is Bitcoin ready to escape the descending channel? At the time of writing, Bitcoin was trading at $81,614.11, down 0.15% in the last 24 hours. However, this slight dip masks an important development on the chart. BTC seemed to be testing the upper boundary of a descending channel after bouncing off the $76,304 support. A daily close above $87,496 could confirm a breakout, potentially pushing the price towards the $98,363 resistance. Therefore, the technical setup might lean bullish, but only if buyers maintain pressure. If BTC fails to clear the channel, the risk of a pullback towards its lower support levels increases. Momentum has been building, but confirmation remains key. Source: TradingView What is the stablecoin supply ratio signaling? The Stablecoin Supply Ratio (SSR) rose by 0.97% to 13.40, suggesting slightly reduced buying power from stablecoins relative to Bitcoin’s market cap. However, this hike has been moderate and does not indicate significant sell pressure. Instead, it underlined that capital may be waiting for a directional signal. Additionally, a stable SSR during a potential breakout scenario supports a healthier rally. Therefore, this metric only…
Filed under: News - @ April 11, 2025 7:17 pm