Bitcoin Price Forecast Amid Recent Market Dips

Bitcoin has rebounded from a dip to $83,778 and is currently trading above $85K. Eased tariff pressures and positive bank earnings reports are contributing to its recovery. Although Bitcoin has seen only a minor increase of 2.66% this month, predictions indicate a potential rise to $90K shortly. Continued support from major investors further enhances its optimistic outlook.

On Tuesday, Bitcoin (BTC) experienced a recovery after a dip to $83,778 (BTC/USD) the previous day. The leading cryptocurrency continued its upward trajectory after hitting a low of $74.8K this month, buoyed by eased pressures on trade policies. Currently, Bitcoin is trading above $85K, aiming for a higher support level, indicating a healthier standing overall.

The recent drop in Bitcoin’s price mirrored declines in the stock market due to heavy tariffs, which deterred investors focusing solely on essential purchases. However, President Trump has acknowledged recession fears, demonstrating restraint in imposing further tariffs. If he maintains this cautious approach, it may steer the global economy away from recession.

In terms of price expectations, Bitcoin has increased by only 2.66% over the past month. However, optimism for the latter half of April remains high, particularly following positive earnings reports from major banks like Bank of America, JPMorgan Chase, and Morgan Stanley. These results could mitigate consumer and investor fears regarding economic stability.

While Bitcoin still has significant distance to recover to surpass $100K, it might achieve $90K in the coming weeks. Its recent two-week high could signal a potential bullish trend. The recent tariff pause and the banks’ promising earnings may provide the necessary momentum for Bitcoin to rise. However, fears of renewed tariffs may prompt investors to retreat.

Bitcoin is also bolstered by significant investments from major holders, notably Metaplanet and Strategy (formerly MicroStrategy), which have recently purchased millions in Bitcoin. Continued strong investment from these whales could sustain Bitcoin’s bullish momentum for an extended period.