Bitcoin Hits $84,000 as Whales Bet Big: Are Tariff Tensions Fueling a Race to $100K?

Bitcoin is attracting attention again, rebounding above $84,000 this week after briefly falling below $75,000. Increased interest from large investors who are accumulating BTC above the 30-day average largely fueled the Bitcoin price surge. Analysts believe renewed buying signals strong confidence in Bitcoin’s long-term potential, with market sentiment turning bullish despite global tariff tensions. Bitcoin’s market capitalization is now at $1.58 trillion, strengthening its dominance over the broader crypto sector.

A mix of macroeconomic and technical factors fuels this positive sentiment. Investors worried about stagflation and inflation are using Bitcoin as a hedge, especially after American policy changes like President Trump’s 145% tariff increase on Chinese imports. As traditional markets undergo volatility, Bitcoin’s steady price above $80,000 offers a haven for those seeking financial security. With BTC consolidating near $84K, a breakout toward $100K might be approaching.

BTC Whale Activity Signals Strong Institutional Confidence

Bitcoin’s return above the $82,000 threshold coincided with a significant increase in whale accumulation. CryptoQuant data reveals wallets holding 1,000 to 10,000 BTC are growing faster than their 30-day average. These entities, usually institutional investors or wealthy individuals rather than exchanges or miners, show growing confidence. Their participation suggests optimism in Bitcoin’s future, which could lead to a BTC price recovery.

Large investor demand for Bitcoin is accelerating.

Balances of wallets holding 1K–10K BTC rising faster than their 30-day average.

Typically bullish, signals strong investor confidence. pic.twitter.com/hR5Rumj6A6

— CryptoQuant.com (@cryptoquant_com) April 10, 2025

This trend occurs as Bitcoin’s market dominance has climbed past 60%, reinforcing its flagship status. Whale interest adds upward price pressure and provides a psychological lift to the overall market. Their actions imply that smart money still sees current prices as favorable entry points before a potential rise toward new record highs.

Macroeconomic Turmoil Boosts Bitcoin’s Hedge Appeal

Global economic events significantly influenced Bitcoin’s recent performance. Investors face a complex environment with trade tensions, inflation worries, and declining consumer sentiment. Recent tariff increases on Chinese products and falling US consumer confidence, now at a six-month low, create a risk-averse environment. Paradoxically, this benefits Bitcoin due to its decentralized and supply-capped design.

With stagflation concerns growing, BTC is increasingly viewed as “digital gold” by investors seeking stability. They look for assets protected from central bank actions and potential currency devaluation. Market observers note that possible rate cuts could further weaken fiat currencies and boost Bitcoin’s attractiveness. This dynamic is drawing capital from conventional assets into BTC, strengthening its role as a modern store of value.

Technical Patterns Indicate Bullish Breakout Potential

Bitcoin’s technical chart suggests there is potential for a continued BTC price recovery. BTC is currently testing a significant resistance zone at $83,600, the upper boundary of a multi-week symmetrical triangle. A strong volume breakout above this point could pave the way toward $86,400 and possibly $90,000 in the short term. The 50-day exponential moving average at $81,200 now serves as dynamic support, reinforcing the bullish outlook.

Other technical indicators support this view. The Relative Strength Index (RSI) remains below overbought levels at 60, indicating potential for continued upward price movement. Prominent analysts also highlight a developing “W” pattern on BTC’s weekly chart, often linked to trend reversals and strong rallies. With fundamental and technical factors aligning favorably, the argument for a new Bitcoin price surge gains considerable strength.

BTC at the Crossroads of Confidence and Opportunity

Bitcoin’s latest recovery shows more than just speculation; it signals a shift in investor risk assessment amid current economic uncertainties. Increasing macro pressures and rising institutional confidence help BTC reassert its position as a speculative asset and a strategic financial hedge. The combination of BTC whale activity, economic instability, and technical signals creates a powerful mix for a future Bitcoin price surge.

However, exercising caution remains crucial when evaluating BTC. While there are numerous positive signs, Bitcoin’s journey is rarely smooth, and market corrections are always possible. External events might also harm short-term market optimism. Nevertheless, if current trends persist, the $100,000 level might soon become Bitcoin’s next major milestone.