Bitcoin Price Analysis: Two Weeks After Trump’s Tariffs, BTC Outperforms S&P 500 by 50%

Highlights

Bitcoin outperformed S&P 500 by 48.1% since April 2, amid growing trade tensions and tariff fallout.
Technical indicators point to an $87,000 breakout if BTC clears the $85,500 resistance level.
Volume Delta neutrality suggests balanced momentum, with Bollinger Band squeeze forecasting heightened volatility ahead.

Bitcoin price consolidated around the $85,000 support level on Friday, April 18, despite escalating sell-offs in the broader US stock market. On-chain divergence data highlights a sharp investor pivot toward Bitcoin since Trump’s “Liberation Day” tariff announcement on April 2.

Bitcoin (BTC) price avoids $80K breakdown despite early-week volatility

After a volatile start to the month, Bitcoin (BTC) has shown resilience this week. Despite sharp swings in global financial markets, as the US-China trade war escalates, BTC has managed to hold firmly above the $80,000 level.

Bitcoin price performance, April 18 2025 | Source: Coingecko

According to CoinGecko data at press time, Bitcoin trades at $84,500, indicating a return to calm and stability. The recent price action suggests that weaker holders have exited the market, allowing long-term investors to retake control and solidify BTC’s floor

Bitcoin has outperformed the S&P 500 Since Liberation Day Tariffs

Beyond retail market reactions, broader macro trends show Bitcoin has decisively outperformed traditional equities in the two weeks since Trump’s latest trade war initiative. Following Nvidia’s $

Bitcoin price vs. S&P 500 data | Source: Santiment

5.5 billion tariff-linked charge, US tech stocks took a steep hit, while BTC remained largely unmoved.

Santiment data reveals that the BTC vs. S&P 500 divergence coefficient dropped from 0.16% on April 2 to 0.083% by April 18—marking a 48.1% outperformance by Bitcoin in just two weeks. This metric reflects increasing capital rotation into BTC as investors seek shelter from tariff-induced equity market turbulence.

With strong US Jobless Claims data and rising political pressure for rate cuts, BTC’s bullish positioning may extend further, especially if macro conditions remain favorable for alternative assets like Bitcoin.

Bitcoin Price Analysis: BTC Poised for Breakout Toward $87,000?

Bitcoin is trading around $84,540, consolidating just below the midline of the Bollinger Bands on the daily chart.

After recovering from early April’s drop to $77,900, currently the lower Bollinger Band support, BTC price has gradually climbed with diminishing volatility. The upper Bollinger Band now caps resistance at $87,424, while the middle band, at $82,680, serves as a key pivot zone.

Volume Delta remains neutral at 193, suggesting neither bulls nor bears hold dominance, but the narrowing bands signal an incoming volatility expansion.

Bitcoin price forecast today indicates a potential upward breakout as price action stabilizes above the Bollinger midline and consolidates in tight daily ranges. Despite a red candle today, recent green-bodied candles suggest bulls are regaining control. A break above $85,500 would open room toward $87,400 and potentially $88,000.

Conversely, failure to hold above $82,680 risks a retrace to $80,000 and $77,900. However, barring unexpected sell pressure, the path of least resistance remains upward. The low-volume pullback hints at profit-taking rather than trend reversal.

Frequently Asked Questions (FAQs)

1. Why is Bitcoin price holding steady despite global stock market volatility?

Bitcoin is viewed as a hedge asset. Amid equity market sell-offs, investors rotate capital into BTC, seeking stability and inflation protection.

2. 2. What is the significance of the $82,680 level in Bitcoin technical analysis?

$82,680 represents the midline of the Bollinger Bands and is currently acting as a pivot level between consolidation and breakout.

3. How has Bitcoin performed relative to the S&P 500 in April 2025?

Since April 2, Bitcoin has outperformed the S&P 500 by 48.1%, driven by investor flight from equities amid tariff tensions.

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ibrahim

Crypto analyst covering derivatives markets, macro trends, technical analysis, and DeFi. His works feature in-depth market insights, price forecasts, and institutional-grade research on digital assets.

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