The Trump family suddenly proposed a "listing" plan, and USDC submitted an IPO application.
On Wednesday (April 2), Bitcoin temporarily ignored the concerns about US President Trump's "Liberation Day" reciprocal tariffs, and the price rebounded to around $85,000, but the bull market then stagnated. Trump-backed Bitcoin mining company American Bitcoin plans to go public, and USDC stablecoin issuer Circle has submitted an initial public offering (IPO) application, boosting optimism.
USDC submits IPO application and plans to go public in April
USDC stablecoin issuer Circle has submitted an application to the US Securities and Exchange Commission (SEC) to list on the New York Stock Exchange. According to the S-1 registration statement filed on Tuesday, the issuer plans to list its Class A common stock under the "CRCL" stock code.
Trump confirms the "Liberation Day" tariff plan, and the US Treasury Secretary has just spoken
Trump has finalized the plan for comprehensive "reciprocal" tariffs, which is expected to take effect after he announces the details at a ceremony in the Rose Garden on Wednesday afternoon local time.
Bitcoin Technical Analysis
The daily chart shows that Bitcoin has recently fallen below the $88,000 mark and is now trading slightly below the 200-day moving average. The coin price has found support near the $80,000 level, which is in line with the previous demand and horizontal structure and is currently moving higher. However, the 200-day moving average near the $87,000 mark is acting as a dynamic resistance level, and the price has not yet closed convincingly above this resistance level.
The 4-hour chart shows that Bitcoin broke down from the rising wedge pattern, which led to the recent drop from $89,000 to $80,000. Since then, the asset has formed a short-term bottom and rebounded to retest the $84,000 to $85,000 area.
In addition, the RSI has recovered from oversold conditions and is advancing towards the mid-range, suggesting that it may move higher if the momentum continues. However, the price must break the previous wedge support, which turned into resistance, and sustain above $86,000 to make another move towards $92,000. Failure to do so could result in another leg of decline, potentially revisiting the $80,000 level or even dropping to the lower $75,000 area.
Trading is risky, control your position reasonably.
If your trading is bad and you want to recover your losses
If you don't know how to trade, or your trading mentality is not good, or you have been losing money, then join us. For real-time and accurate signals every day, you can follow Baker Bitcoin Gold Trading Center or leave me a message. Let's go to victory together.
BTCUSDT BTCUSDT.P BTCUSD BTCUSD BTCUSDT.P BTCUSD
On Wednesday (April 2), Bitcoin temporarily ignored the concerns about US President Trump's "Liberation Day" reciprocal tariffs, and the price rebounded to around $85,000, but the bull market then stagnated. Trump-backed Bitcoin mining company American Bitcoin plans to go public, and USDC stablecoin issuer Circle has submitted an initial public offering (IPO) application, boosting optimism.
USDC submits IPO application and plans to go public in April
USDC stablecoin issuer Circle has submitted an application to the US Securities and Exchange Commission (SEC) to list on the New York Stock Exchange. According to the S-1 registration statement filed on Tuesday, the issuer plans to list its Class A common stock under the "CRCL" stock code.
Trump confirms the "Liberation Day" tariff plan, and the US Treasury Secretary has just spoken
Trump has finalized the plan for comprehensive "reciprocal" tariffs, which is expected to take effect after he announces the details at a ceremony in the Rose Garden on Wednesday afternoon local time.
Bitcoin Technical Analysis
The daily chart shows that Bitcoin has recently fallen below the $88,000 mark and is now trading slightly below the 200-day moving average. The coin price has found support near the $80,000 level, which is in line with the previous demand and horizontal structure and is currently moving higher. However, the 200-day moving average near the $87,000 mark is acting as a dynamic resistance level, and the price has not yet closed convincingly above this resistance level.
The 4-hour chart shows that Bitcoin broke down from the rising wedge pattern, which led to the recent drop from $89,000 to $80,000. Since then, the asset has formed a short-term bottom and rebounded to retest the $84,000 to $85,000 area.
In addition, the RSI has recovered from oversold conditions and is advancing towards the mid-range, suggesting that it may move higher if the momentum continues. However, the price must break the previous wedge support, which turned into resistance, and sustain above $86,000 to make another move towards $92,000. Failure to do so could result in another leg of decline, potentially revisiting the $80,000 level or even dropping to the lower $75,000 area.
Trading is risky, control your position reasonably.
If your trading is bad and you want to recover your losses
If you don't know how to trade, or your trading mentality is not good, or you have been losing money, then join us. For real-time and accurate signals every day, you can follow Baker Bitcoin Gold Trading Center or leave me a message. Let's go to victory together.
BTCUSDT BTCUSDT.P BTCUSD BTCUSD BTCUSDT.P BTCUSD Note
BTCUSD87100 short selling near, successfully hit 86400tpIf you don't know how to trade, or you have been losing money, then join us. Real-time and accurate signals every day can be tracked by Baker Bitcoin Gold Trading Center or leave me a message. Let's move towards victory together.
🎁Stable weekly profit exceeds 259.7%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🎁Stable weekly profit exceeds 259.7%🎁Win rate is as high as 98.83%,✔Copy accurate trading signals✔Account management. Real-time communication: t.me/cryptoanalyst_baker
Signal entry: t.me/FcCygjylf
Signal entry: t.me/FcCygjylf
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.