What’s Keeping Bitcoin from Moving Up?

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Bitcoin price trades in a tight range on lower timeframes, and data suggests the trend could continue for a few more days, subject to clarity on Trump’s economic policy.

Bitcoin price has been consolidating within a roughly $3,000 range since April 9 as the 200-day SMA trendline remains a stubborn barrier.

Bitcoin price rallied on April 11 after US President Trump announced tariff exemptions for an array of tech products, including smartphones, chips, computers, and semiconductors.

On April 13, Commerce Secretary Howard Lutnick walked back on this announcement, saying that the tariff relief on electronics was temporary.

This was later confirmed 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.


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