Bitcoin (BTC) reached new April highs at the April 2 Wall Street open as markets braced for US “Liberation Day.”
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin teases breakout in US tariff countdown
Data from Cointelegraph Markets Pro and TradingView showed local highs of $86,444 on Bitstamp, the best performance for BTC/USD since March 28.
Volatility remained in the run-up to US President Donald Trump announcing a sweeping round of reciprocal trade tariffs.
The measures would be unveiled in an address from the White House Rose Garden at 4 pm Eastern Time, with Trump then holding a press conference.
While US stocks traded slightly down after the open, Bitcoin managed to claw back lost ground, acting in a key area of interest filled with long-term trend lines.
As Cointelegraph reported, these include various simple (SMA) and exponential (EMA)