Bitcoin News Today: Bitcoin Price at Risk of Another Crash as $83K Rejection Raises Bearish Signals

Bitcoin (BTC) failed to sustain above the critical $83,000 level this week, raising concerns about a potential liquidity grab and deeper retracement — especially amid growing macroeconomic tensions and renewed U.S.-China trade uncertainty.After briefly rebounding from its five-month low of $74,300 to reach $83,565 on April 9, Bitcoin has pulled back again, with traders now watching closely to see if BTC can hold the key psychological support at $80,000.Trump’s 90-Day Tariff Pause: Relief Rally or Bull Trap?Markets rallied after U.S. President Donald Trump issued a 90-day pause on global tariffs on April 9, triggering a wave of optimism. Bitcoin surged 7%, briefly topping $82,000, as fears of an immediate trade escalation cooled.However, the relief may be short-lived. While most countries received a 10% flat tariff, China was singled out with a 125% hike, prompting an 84% retaliatory tariff on U.S. goods.“Should retaliation materialize in force, the exuberant rally could quickly morph into a classic bull trap,” warned QCP Capital in a note to investors.The uncertainty leaves BTC vulnerable to renewed risk-off sentiment if the tariff pause fails to de-escalate tensions.Inflation, Rate Hikes, and Recession Concerns Pressure BTC PriceMacroeconomic factors continue to pose a major challenge to Bitcoin’s price trajectory. Correlation with tech stocks means BTC is sensitive to monetary tightening and inflation.BTC dropped nearly 10% earlier this year during initial tariff threats.A deeper U.S.-China trade war or surprise rate hikes from the Federal Reserve could spook markets further.“Bitcoin has increasingly behaved like a risk asset, and any hawkish turn could trigger more downside,” analysts say.With the April 10 U.S. CPI report in focus, markets are hoping for a soft inflation print to offset the inflationary overhang of Trump’s blanket tariff policy.However, CME’s FedWatch Tool shows an 81.5% probability that the Fed will keep rates unchanged at the upcoming May 7 FOMC meeting — offering limited support to Bitcoin in the short term.Key Technical Levels to WatchAccording to Glassnode and market analysts:Support to hold:365-day MA: ~$76,000 — must hold to avoid downside momentumRealized price: ~$71,000True market mean: ~$65,000Resistance levels:200-day MA: ~$87,000111-day MA / STH cost basis: ~$93,000Previous ATH: $109,000“Bitcoin must reclaim $93,000 to reignite bullish momentum. Losing $76,000 would increase the risk of retesting $71,000 or even $65,000,” said analysts.Will Bitcoin Crash Again?While the 90-day tariff pause sparked a short-term bounce, the underlying macro backdrop — rising inflation, interest rate uncertainty, and geopolitical tension — continues to pressure Bitcoin.A failure to hold $80K could open the door to another leg down, possibly testing key support zones between $65,000–$71,000, according to confluence across on-chain price models.As BTC struggles to maintain momentum, market participants are bracing for more volatility, awaiting clearer signals from U.S. inflation data, Fed policy, and trade war developments, according to Cointelegraph.