Bitcoin Holds at $84K as Tariff Clarity Sparks Bullish Momentum

Bitcoin is stabilizing at $84,000 after a period of erratic trading, showing signs of renewed strength as market uncertainty fades. The official announcement of long-anticipated tariffs has removed a major regulatory overhang, restoring investor confidence and reducing fears of unexpected policy shocks that had been weighing on crypto markets.

This development marks a potential turning point for Bitcoin (BTC), which had been struggling to maintain key support levels. Prior to the announcement, BTC volume and momentum had significantly declined, and the asset hovered below its 200-day moving average. Now, with the macro risk largely priced in, traders are re-entering the market, eyeing a possible breakout.

From a technical perspective, Bitcoin successfully bounced off the 200 EMA, a reliable dynamic support. The Relative Strength Index (RSI) remains neutral, indicating there is room for upward movement. BTC is also approaching a key resistance zone between $87,000 and $89,000, where short- and mid-term moving averages converge—an area that could trigger a breakout if momentum builds.

Daily green candles suggest accumulation rather than distribution, although trading volume still trails the explosive activity seen during Bitcoin's November rally. If BTC can breach this resistance zone, the road to retesting its all-time high of $100,000 may unfold quicker than expected—potentially within weeks, not months.

As bullish sentiment builds, market watchers are closely monitoring the price action. A decisive move past $89,000 could ignite a fresh leg up in Bitcoin’s ongoing rally, setting the stage for six-figure territory. With key risks now behind and technicals aligning, Bitcoin's next major move could be just around the corner.