From Cointelegraph

April 13, 2025 10:14 am:

Bitcoin (BTC) surged to an eleven-day high on April 13 amid a relief rally following US financial policy changes. BTC/USD reached $86,000 for the first time since April 2 after news of exclusions from US-China trade tariffs. Despite weekend volatility, BTC was up 7% for the week, with traders cautious about price strength.

Traders note Bitcoin’s interaction with the 200-day EMA at $85,000 and anticipate volatility next week with tariff news and tech earnings. Some traders see the current rebound as corrective rather than impulsive, while others highlight the challenge of a long-term daily downtrend as a hurdle for a bull market rebound. RSI indicators show bullish divergence, suggesting potential upside reversals.

Promising signals on Bitcoin’s RSI indicator show another bullish divergence, with the formation of higher lows on the RSI and lower lows on the price. This pattern has preceded upside reversals in the past, indicating potential for further price increases. As always, readers are advised to conduct their own research and consider the risks involved in investment decisions.

Read more at Cointelegraph: Bitcoin price tags $86K as Trump tariff relief boosts breakout odds