After a rocky start to the week, Bitcoin (BTC) has staged a strong comeback, rebounding from below $75,000 to over $81,800 following President Donald Trump’s decision to implement a 90-day freeze on most new tariffs. The easing of the escalating trade war tensions sent shockwaves through financial markets, with crypto investors breathing a collective sigh of relief.
Under the revised measures, more than 75 nations received a reduced reciprocal tariff rate of 10%, signaling a temporary detente in global economic conflict. Bitcoin surged past $83,000 in the aftermath, before slightly retracing to its current level of $81,800, according to CoinGecko data.
This move has reignited bullish sentiment among top analysts and traders. Prominent crypto strategist Ali Martinez shared on X that a breakout above the $86,900 level could ignite a rally toward a new all-time high of $208,550. His forecast is based on the Mayer Multiple indicator, which shows BTC may find strong support around $69,500 — a level where long-term buyers could re-enter.
Meanwhile, technical analyst Merlijn The Trader highlighted a potential breakout from a falling wedge pattern — a historically bullish formation — indicating BTC might soon breach the $100,000 milestone.
What Are On-Chain Metrics Suggesting?
According to blockchain analytics firm CryptoQuant, Bitcoin’s exchange netflow has remained negative over the past month. This trend points to investors increasingly shifting their BTC holdings off centralized exchanges and into self-custody — a move typically associated with reduced selling pressure and bullish long-term conviction.
However, not all indicators are green. BTC inflows into Binance have risen notably in the last two weeks, which may signal that traders are preparing for short-term volatility. The spike in deposits is likely related to today’s scheduled release of the US Consumer Price Index (CPI) report — a key inflation metric that often influences market sentiment.
While CPI reports usually trigger short-lived price action, Martinez’s analysis suggests that BTC’s current structure supports medium-term upside potential — especially if macroeconomic data remains favorable.
As Bitcoin teeters just below the $83K mark, eyes are now on the $86.9K resistance level. A decisive breakout could unlock the path to six figures — and possibly beyond.
