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Bitcoin (BTC<\/a>) price has been consolidating within a roughly $3,000 range since April 9 as the 200-day SMA trendline remains a stubborn barrier.<\/p>\n Data from Cointelegraph Markets Pro<\/a> and Bitstamp shows that BTC price oscillates within a tight range between $83,000 and $86,000, as shown in the chart below.<\/p>\n BTC\/USD four-hour chart. Cointelegraph\/<\/em>TradingView<\/em><\/a><\/p>\n<\/figcaption><\/figure>\n Key factors behind Bitcoin’s flat price action include:<\/p>\n Trump’s mixed signals on technology tariffs.<\/p>\n<\/li>\n Buy and sell pressure equilibrium with BTC price trapped between two key levels. <\/p>\n<\/li>\n<\/ul>\n One significant factor contributing to Bitcoin price flatlining is the White House’s semiconductor and technology tariff inconsistency.<\/p>\n Key points:<\/p>\n Bitcoin price rallied <\/a>on April 11 after US President Trump announced tariff exemptions<\/a> for an array of tech products, including smartphones, chips, computers, and semiconductors.<\/p>\n<\/li>\n On April 13, Commerce Secretary Howard Lutnick walked back on this announcement<\/a>, saying that the tariff relief on electronics was temporary.<\/p>\n<\/li>\n This was later confirmed<\/a> by President Trump, who stated that the tariff rate would be announced next week, adding that there would be flexibility for some companies in the sector.<\/p>\n<\/li>\n This flip-flopping breeds uncertainty, as tariffs could disrupt supply chains for tech firms, many of which are intertwined with crypto infrastructure like mining and blockchain companies.<\/p>\n<\/li>\n<\/ul>\n According to capital markets commentator The Kobeissi Letter, the “Clarification of Exceptions Under Executive Order 14257” note published by the White House on April 11 did not present a “new list of exemptions.”<\/p>\n Rather, it was a clarification that the “goods were never actually intended to be subject to 145% tariffs,” The Kobeissi Letter explained<\/a> in an April 14 post on X. <\/p>\n “It appears that the news and most investors, along with customs enforcement themselves, never truly understood what was being tariffed to begin with. This was a complete misunderstanding by almost everyone involved.”<\/p><\/blockquote>\n As a result, market participants have taken a wait-and-see approach, as clarity on policy could either ignite a rally or trigger a sell-off.<\/p>\n Related: <\/strong><\/em>Trade war vs. record M2 money supply: 5 things to know in Bitcoin this week<\/strong><\/em><\/a><\/p>\n Another reason why Bitcoin price remains stuck<\/a> in limbo is that it trades within two significant levels, as shown in the chart below:<\/p>\n BTC price trades between the 50-day simple moving average (SMA) at $84,400 and the 200-day SMA at $87,500.<\/p>\n<\/li>\n This confirms the 200 SMA as resistance and the 50 SMA as support on the daily candle chart.<\/p>\n<\/li>\n The value of the RSI close to the midline at 52 suggests that there is a tug-of-war between the bears and the bulls.<\/p>\n<\/li>\n Bitcoin needs to break the 200 SMA trendline and confront resistance at the $90,000 psychological level. <\/p>\n<\/li>\n Falling below the 50-day SMA will likely lead to a deeper correction.<\/p>\n<\/li>\n<\/ul>\n\n
Trump tariffs breed market uncertainty<\/h2>\n
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BTC price trapped between two key trendlines<\/h2>\n
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