- Bitcoin jumped above $84K after Trump’s tariff rollback, echoing BlackRock CEO Larry Fink’s “buy the dip” forecast.
- Traders now eye the $88.8K resistance as a key hurdle on the path to $100K.
Bitcoin (BTC) staged a powerful comeback this week, soaring past $84,000 following former U.S. President Donald Trump’s unexpected reversal on sweeping global tariffs. The sudden policy shift sparked the strongest daily rally since March, validating BlackRock CEO Larry Fink’s earlier prediction that economic turbulence would offer a “buying opportunity” for savvy investors.
The surge, which saw BTC climb over 8% in hours, was further fueled by a wave of investor activity on Binance. Over 16,000 BTC — worth $1.34 billion — were deposited on the exchange between March 28 and April 10, according to CryptoQuant data. Such large inflows often suggest increased short-term speculation and caution among traders.
Also read: Ethereum Whales Sell Amid Price Bounce — Is a Bullish Reversal Coming?
Larry Fink’s remarks at the Economic Club of New York, where he warned that broad tariffs could tank markets before presenting a strategic entry point, appear to have been prophetic. “I see it more as a buying opportunity than a selling opportunity,” Fink said — a sentiment now echoed across crypto forums as bulls eye the next milestone: $100,000.
But before that, Bitcoin faces a critical resistance at $88,800 — the peak from April 2 when the original tariff news hit. Analysts warn this zone could trigger a wave of profit-taking, especially from traders who bought the dip. Unless BTC breaks above this with strong volume, its path to six figures may remain a rocky road.
Adding to the suspense, traders are bracing for fresh inflation data out of the U.S. and China. A cooler print could energize bulls and reinforce Fink’s thesis. But a hawkish surprise might prompt a swift pivot back to risk-off assets, threatening a correction back to $73,500.
With market volatility high and macro uncertainty still looming, the next few days could define whether Bitcoin’s latest breakout is the start of a new chapter — or just another sharp twist in its ever-volatile saga.