![](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDQvMDE5NjJmMzctYWVkZS03OGRmLTlhZTYtNzQ1NzA5YjNhNDVk.jpg\")
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Bitcoin (BTC<\/a>) hit an eleven-day high on April 13 as the crypto market relief rally closely tracked US financial policy changes.<\/p>\n BTC\/USD 1-hour chart. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n\n Data from Cointelegraph Markets Pro<\/a> and TradingView<\/a> showed BTC\/USD reaching $86,000 for the first time since April 2.<\/p>\n The pair had reacted well to news that US President Donald Trump had decided to exclude certain key products<\/a> from his ongoing trade tariffs against China.<\/p>\n Traditional markets are closed on weekends \u2014creating lower-liquidity trading in crypto markets and raising the chance for price volatility\u2014 with Bitcoin subsequently dropping under $84,000.<\/p>\n With hours to go until the weekly close, BTC\/USD was thus up 7% <\/a>for the week, having started with a trip to new five-month lows<\/a>.<\/p>\n Commenting, traders were cautious over BTC price strength.<\/p>\n Call me crazy but I don\u2019t think I trust this breakout on $BTC<\/a>.<\/p>\n Low volume, overbought stoch, and on a weekend.<\/p>\n If we can remain over 84k through Monday I\u2019ll look for higher but for now this seems sketchy. pic.twitter.com\/qKVdYAOYPJ<\/a><\/p>\n \u2014 Roman (@Roman_Trading) April 12, 2025<\/a><\/p><\/blockquote>\n Daan Crypto Trades noted the ongoing interplay with the 200-day exponential moving average (EMA) at $85,000.<\/p>\n \u201cThis is however still a weekend move so far and we know next week will be volatile again with news regarding tariffs and the first big tech earnings coming up,\u201d part of a post on X<\/a> read.<\/p>\n BTC\/USD 1-day chart with 200 EMA. Source: Cointelegraph\/TradingView<\/em><\/p>\n<\/figcaption><\/figure>\n Well-known trader Peter described<\/a> the rebound from the lows as looking \u201cmore corrective than it does impulsive.\u201d<\/p>\n BTC\/USD 2-hour chart. Source: Peter Brandt\/X<\/em><\/p>\n<\/figcaption><\/figure>\n Popular trader and analyst Rekt Capital meanwhile saw the true hurdle to a Bitcoin bull market rebound coming in the form of a stubborn long-term daily downtrend.<\/p>\n \u201cBitcoin has Daily Closed above the Downtrend. Thus, breakout confirmation is underway,\u201d one of his latest X updates explained<\/a> alongside an illustrative chart.<\/p>\n \u201cHowever BTC has previously Daily Closed above the Downtrend but failed its retest (a few of the red circles). Retest needs to be successful and it is in progress.\u201d<\/p><\/blockquote>\n BTC\/USD 1-day chart. Source: Rekt Capital\/X<\/em><\/p>\n<\/figcaption><\/figure>\n As Cointelegraph reported<\/a>, the daily downtrend, in place since late 2024, is earmarked as a key hurdle for bulls to overcome.<\/p>\nBitcoin traders say brace for more volatility<\/h2>\n
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