Bitcoin price started a recovery wave above the $85,500 zone. BTC is trimming 
all gains and might decline again toward the $80,000 zone. Bitcoin started a 
decent recovery wave above the $84,500 zone. The price is trading near $83,500 
and the 100 hourly Simple moving average. There was a break below a connecting 
bullish trend line with support at $85,000 on the hourly chart of the BTC/USD 
pair (data feed from Kraken). The pair could start another increase if it 
stays above the $82,200 zone. Bitcoin Price Dips Sharply Bitcoin price managed 
to stay above the $82,500 support zone. BTC formed a base and recently started 
a decent recovery wave above the $83,500 resistance zone. The bulls were able 
to push the price above the $84,500 and $85,500 resistance levels. The price 
even climbed above the $88,000 resistance. A high was formed at $89,042 and 
the price started a sharp decline. There was a drop below the $86,000 and 
$85,000 levels. There was a break below a connecting bullish trend line with 
support at $85,000 on the hourly chart of the BTC/USD pair. A low was formed 
at $82,141 and the price is now consolidating near the 23.6% Fib retracement 
level of the recent decline from the $89,042 swing high to the $82,141 low. 
Bitcoin price is now trading near $83,500 and the 100 hourly Simple moving 
average. On the upside, immediate resistance is near the $84,000 level. The 
first key resistance is near the $85,000 level. The next key resistance could 
be $85,550 and the 50% Fib retracement level of the recent decline from the 
$89,042 swing high to the $82,141 low. A close above the $85,550 resistance 
might send the price further higher. In the stated case, the price could rise 
and test the $86,800 resistance level. Any more gains might send the price 
toward the $88,000 level or even $88,500. More Losses In BTC? If Bitcoin fails 
to rise above the $85,000 resistance zone, it could start a fresh decline. 
Immediate support on the downside is near the $82,800 level. The first major 
support is near the $82,200 level. The next support is now near the $81,350 
zone. Any more losses might send the price toward the $80,500 support in the 
near term. The main support sits at $80,000. Technical indicators: Hourly MACD 
– The MACD is now losing pace in the bearish zone. Hourly RSI (Relative 
Strength Index) – The RSI for BTC/USD is now below the 50 level. Major Support 
Levels – $82,800, followed by $82,200. Major Resistance Levels – $84,200 and 
$85,500.

Bitcoin Price Swings Wildly—Yet Bears Keep the Upper Hand!

Blackrock’s FCA approval to support a crypto ETP marks a breakthrough for 
institutional adoption in the UK, unlocking new pathways into regulated 
digital asset exposure. UK’s FCA Clears Blackrock as Arranger for Crypto ETP, 
Marking Major Institutional Shift Blackrock International Ltd., part of global 
investment firm Blackrock, has officially received registration as a digital 
asset […]

Blackrock Wins UK Crypto Approval With Razor-Sharp Focus on Institutional Play

Data shows the Bitcoin market sentiment has closed in on the neutral territory as the cryptocurrency&#8217;s price has recovered to $85,000. Bitcoin Fear &amp; Greed Index Is Now Close To Neutral Region The &#8220;Fear &amp; Greed Index&#8221; refers to an indicator created by Alternative that tells us about the average sentiment present among the investors in the Bitcoin and wider cryptocurrency markets. Related Reading: Dogecoin Breaking These Levels Could Be The Catalyst For Next Bull Run, Analyst Says To determine this sentiment, the index uses data on five factors: volatility, trading volume, market cap dominance, social media sentiment, and Google Trends. The metric makes use of a numeric scale running from zero to hundred for representing this estimated mentality. All values above 53 correlate to a sentiment of greed, while those under 47 that to fear. The territory between these cutoffs represents a net-neutral mentality. Now, here is what the current Bitcoin sentiment is like, according to the Fear &amp; Greed Index: As is visible above, the Bitcoin Fear &amp; Greed Index has a value of 44 at the moment, which suggests the investors as a whole share a sentiment of fear. This crowd despair is only slightly dominant, though, as the metric is just three units away from the neutral zone. The same wasn&#8217;t the case just yesterday, however, as the indicator held a value of 34, firmly placing it in the fear region. Below is a chart that shows how the index&#8217;s value has developed during the past year. Looks like the metric has seen a sharp improvement compared to a few days ago | Source: Alternative From the chart, it&#8217;s apparent that the Bitcoin Fear &amp; Greed Index was around the neutral zone in the final week of March, but the price plunge that came during the last couple of days of the month led to a rapid deterioration of sentiment. At its lowest, the indicator touched the 26 mark during the plummet. This value was so deep into the fear region that it was on the entryway to a special zone called the extreme fear (25 and under). Historically, Bitcoin and other digital assets have tended to move in the direction that the crowd least expects. The probability of such a contrary move rises, and the stronger investor sentiment becomes, so extreme fear is where bottoms are likely to take place. Related Reading: Bitcoin Stays Down, But Whale Wallets Quietly Climb to 4-Month High During the recent plunge, the index didn&#8217;t enter into this zone, but it did come close, which may be why BTC&#8217;s price was able to reach a local bottom. Since the low, the asset has made some recovery and has now broken past $85,000. With investor sentiment no longer being strong in any direction following this recovery, the cryptocurrency might be roughly equally probable to move in either direction. BTC Price At the time of writing, Bitcoin is trading at around $85,000, down almost 4% in the last seven days. Featured image from Dall-E, Alternative.me, chart from TradingView.com

Bitcoin Fear & Greed Index Approaches Neutral As BTC Recovers To $85,000

Crypto markets dipped after US President Donald Trump&#8217;s declaration of a 
national emergency and sweeping tariffs on all countries as part of his latest 
salvo in the ongoing trade war.
The Trump administration has hit all countries with a 10% tariff starting 
April 5, with some countries facing even larger rates, such as China facing a 
34% tariff, the European Union 20%, and Japan 24%.
During an April 2 speech in the Rose Garden at the White House, Trump said the 
US is charging countries &#8220;approximately half of what they are and have been 
charging us.&#8221;
&gt; 🚨 @POTUS signs an Executive Order instituting reciprocal tariffs on 
&gt; countries throughout the world. 
&gt; 
&gt; It&#8217;s LIBERATION DAY in America! pic.twitter.com/p7UnfE617B 
&gt; 
&gt; &#8212; Rapid Response 47 (@RapidResponse47) April 2, 2025
The crypto market briefly went up at the news of a 10% sweeping tariff, but 
once the full scope became known, it dipped with bleeding across the board.
Bitcoin (BTC) had been staging a rally, reaching a session high at $88,500 but 
dropped 2.6% back to around $82,876. Meanwhile, CoinGecko data shows Ether 
(ETH) dropped over 6% from $1,934 to $1,797 following the tariff announcements 
and the total crypto market cap dropped 5.3% to $2.7 trillion.
The Crypto Fear &amp; Greed Index, which measures market sentiment for Bitcoin and 
other cryptocurrencies, returned a score of 25, classed as extreme fear, in 
its latest April 2 update.
However, prices have clawed back some losses since. Bitcoin has recovered 0.8% 
to $83,205. While Ether regained 1.2% to take back $1,810.
_The crypto Fear &amp; Greed Index score has returned an average rating of fear 
for the last week but has now dipped to extreme fear. Source: 
__Alternative.me_
Stock markets didn&#8217;t fare much better; trading resource The Kobeissi Letter 
said in an April 2 post to X that the stock market index S&amp;P 500 erased over 
$2 trillion in market cap, working out to be roughly $125 billion per minute.
## Trump tariffs could bring certainty to markets
Rachael Lucas, a crypto analyst at Australian crypto exchange BTC Markets, 
said the brief surge was a case of &#8220;uncertainty relief,&#8221; then a sell-off as 
the full tariff details were released.
&#8220;On BTC Markets, trading volume surged 46% as local traders scrambled to 
reposition. Big players took profit on the spike, while smaller investors 
hesitated,&#8221; she said in a statement.
_Source:__Daan Crypto Trades_
She added that if China or the European Union &#8220;hit back hard,&#8221; expect another 
round of panic selling.
US Treasury Secretary Scott Bessent urged US trading partners in an April 2 
interview with Bloomberg against taking retaliatory steps, arguing this is the 
high end of the number&#8221; for tariffs if they don&#8217;t try to add more levies in 
response, which could provide a &#8220;ceiling&#8221; and certainty for markets.
David Hernandez, a crypto investment specialist at crypto asset manager 
21Shares, told Cointelegraph that markets experienced significant volatility 
during Trump&#8217;s speech, but the clarity could be a good thing in the long term.
&#8220;Although the tariff rates were slightly higher than expectations, the 
announcement provided much-needed clarity on the scope and scale of the 
policy,&#8221; he said.
_**Related:**__**70% chance of crypto bottoming before June amid trade fears: 
Nansen**_
&#8220;Markets thrive on certainty, and with speculation now largely removed, 
institutional investors may see an opportunity over the coming days to take 
advantage of compressed valuations.&#8221;
Hernandez says global responses will be key for the market going forward, 
speculating that Mexico and key East Asian economies, including China, South 
Korea, and Japan, could be evaluating countermeasures.
_**Magazine:**__**Financial nihilism in crypto is over &#8212; It&#8217;s time to dream 
big again**_

‘National emergency’ as Trump’s tariffs dent crypto prices

“Silver will slingshot to all-time new highs”—Rich Dad Poor Dad author Robert 
Kiyosaki says silver is currently more valuable than gold or bitcoin. Robert 
Kiyosaki Doubles Down on Silver Over Gold and Bitcoin Robert Kiyosaki, author 
of the best-selling book Rich Dad Poor Dad, has weighed in with a strong 
endorsement for silver, calling it […]

Cryptocurrency price in IDR