Bitcoin jumps to $85.5K amid hopes of Trump tariff relief

BTCUSD

Bitcoin is trading above the support zone of $82,500, and prices are likely to rise and retest the resistance zone of $88,000. This scenario would be invalidated if the aforementioned support zone is broken to the downside in today’s trading.

On Tuesday, April 15, 2025, Bitcoin recorded a 1.3% increase, reaching approximately $85,798 after trading between $82,500 and $88,000 throughout the day. This rise came amid relative market stability, supported by political developments—most notably, President Donald Trump’s announcement of tariff exemptions on smartphones and computers, which helped ease trade tensions with China.

The rise in Bitcoin was influenced by the U.S. administration’s announcement of tariff exemptions on certain electronic devices, which eased trade tensions and supported financial markets. If Bitcoin manages to break through the resistance level at $88,000, it may target higher levels, reaching $90,000 in the short term.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.