VanEck Says Global Trade Tensions Boost Bitcoin’s Role as a Hedge, BTC May Soon Break $84K

The Bitcoin price is gaining attention again—but not just because of market moves. The Trump administration’s latest tariff plan, announced on April 2, has stirred global trade tensions. But instead of collapsing, Bitcoin held firm and outperformed equities. This market reaction has sparked a fresh wave of interest from analysts and investors. One key voice is Matthew Sigel, Head of Digital Assets Research at VanEck, who says the situation could “accelerate Bitcoin’s role in the emerging multipolar order.” With growing ETF inflows and strategic use cases emerging globally, Bitcoin may now be more than just a digital coin.

Matthew Sigel: Tariffs Could Make Bitcoin a Global Anchor

Reacting to the news, Matthew Sigel explained that Bitcoin’s resilience reflects “growing structural demand” as the global economy fragments. He emphasized that the Trump administration’s tariffs—targeting China and the EU—have increased geopolitical risks and are pushing countries to seek alternative financial tools. Sigel pointed to real-world adoption: “China and Russia were recently revealed to be settling some energy transactions using Bitcoin and other digital assets.”

He also cited Bolivia’s new plan to import energy using crypto, and France’s EDF exploring Bitcoin mining to utilize surplus electricity. Sigel believes these aren’t just experiments but signs of monetary realignment in real time. He advised watching Bitcoin ETF flows, the U.S. Dollar Index, and Fed policy. 

If rate cuts or dollar weakness occur, they may push the Bitcoin price even higher. “These developments highlight how digital assets are evolving from speculative instruments into tools for energy trade and monetary realignment,” he wrote. With $600M in Bitcoin ETF inflows already this year, demand isn’t slowing down. Bitcoin is clearly gaining ground—not just in charts but in strategy.

Bitcoin Price Analysis of April 5

The trading day of April 4th started a death cross on the MACD at 00:45 UTC. However, bullish momentum emerged at 5:00 UTC with a golden cross, triggering a short-lived upward rally. This bullish move hit resistance at $84,724.03 after the RSI entered overbought territory between 7:05 and 8:50 UTC. The bulls lost control when a MACD death cross at 8:55 UTC led to a sharp correction. By 10:15 UTC, the RSI showed oversold conditions, and Bitcoin found support at $81,664.74. 

Chart 1, analyzed by ShwetaCW, published on TradingView, April 5, 2025

As illustrated in Chart 1, a golden cross at 11:45 UTC revived bullish hopes, but once again, the price overheated as the RSI hit overbought levels at 17:45 UTC. This was followed by another MACD death cross at 18:15 UTC, shifting momentum back in favor of the bears. The downward trend persisted into April 5, confirmed by a death cross at 2:00 UTC. If bearish pressure continues, Bitcoin may break below its support at $81,664.74. Conversely, a reversal could challenge the resistance near $84,724.03. Traders should watch for further MACD and RSI cues to gauge short-term momentum.

Bitcoin Price Prediction

The latest move by the Trump administration has unexpectedly strengthened Bitcoin’s position as a global hedge asset. Expert insights from VanEck suggest that Bitcoin is gaining real-world relevance beyond just speculation. With rising Bitcoin ETF inflows and increasing adoption by nations, the outlook appears strong. If the current downward trend continues, the Bitcoin price could break support at $81,664.72. However, if bulls regain control, it may retest resistance at $84,724.03. Either way, this Bitcoin ETF era—shaped by Trump administration policies—signals a new phase for crypto.