Liberation Day Pushes Bitcoin Beyond $87K as Trump’s Policies Fuel Market Volatility

The crypto market is prepared for increased volatility, with analysts warning of significant price swings tied to Liberation Day. This term, established by financial analysts, refers to a period of severe economic or political shifts that create drastic market shifts. With the upcoming events at President Donald Trump’s influence on financial policies, investors anticipate unpredictable trends. Some believe this event could impact BTC’s trajectory, leading to new highs. Given the uncertainty traders are monitoring signals to refine their Bitcoin price prediction and prepare for potential risks.

Crypto Market Faces Uncertainty as ‘Liberation Day’ Approaches

The concept of Liberation Day is gaining attention, with many predicting its impact on the crypto market. Political and economic developments shape investor mood, and historical trends indicate that such turning periods frequently result in higher market volatility. Experts say that significant price changes may be on the horizon. Analysts suggest that policy changes especially related to financial regulations, could play a key role in BTC’s price action.

Market participants are evaluating Trump’s economic ideas, which might either stimulate or restrict crypto adoption. As Bitcoin trades within key resistance and support levels, market strategists emphasize the importance of technical indicators in refining Bitcoin price prediction models. Some foresee a bullish breakout, while others caution that increased volatility could trigger sudden corrections. Regardless of the outcome, investors are advised to stay prepared for rapid price shifts. The coming months will be crucial in determining whether Liberation Day leads to new market highs or increased uncertainty for crypto traders.

Bitcoin Breaks Above $87,911.18 

The trading day of March 23rd started with a golden cross at midnight, sparking an upward trend. By 2:50 UTC, an overbought condition signaled strong momentum. A golden cross at 10:30 UTC fueled the rally. However, resistance at $85,026.88 held firm despite RSI overbought at 10:40 UTC and 11:05 UTC. At 13:30 UTC, Bitcoin faced another overbought situation but failed to break resistance, leading to a death cross at 17:25 UTC and a downward trend. However, at 21:50 UTC, a golden cross revived the upward movement, and by 22:10 UTC, Bitcoin broke resistance.

As illustrated in Chart 1, Continuous overbought conditions at 23:30 UTC, 23:55 UTC, and 00:30 UTC (March 24th) pushed Bitcoin to form a new resistance at $86,642.05. A death cross at 00:50 UTC caused some retracement, but at 2:35 UTC, another golden cross drove Bitcoin upward.  The breakout at 4:00 UTC extended the upward trend, as RSI remained overbought at 4:45 UTC and 5:00 UTC.

A subsequent overbought condition at 10:35 UTC led the price to establish a new resistance at $87,911.18. According to the Bitcoin price prediction, if the price continues its upward trend, it could break the current resistance of $87,911.18. Alternatively, if the price reverses, it could test support at $86,642.05 before determining the next move.

BTC’s Next Move

As Liberation Day approaches, the crypto market is expected to witness increased market volatility influencing Bitcoin’s trajectory. The current resistance at $87,911.18 will be a key level to watch. If bullish momentum continues, it could break this barrier and target new highs. However, any market uncertainty could make a reversal testing support at $86,642.05. Analysts believe that coming market changes will have a significant impact on Bitcoin price prediction. Traders should expect strong price volatility in the coming days as the market reacts to global events and anticipated policy changes.