Bitcoin Volatility Surges Amid Tariff Expectations, Prices Range-Bound

Bitcoin is currently experiencing increased volatility due to rising tariff expectations. Analysts have predicted that the cryptocurrency will remain range-bound between $75,000 and $88,000. This prediction comes as the market braces for potential tariff announcements that could significantly impact market dynamics.

According to K33 Research, the upcoming U.S. employment data could further exacerbate the volatility in the cryptocurrency market. The research firm noted a shift in market sentiment, with futures premiums on the Chicago Mercantile Exchange declining to 5% and open interest dropping to an 11-month low of 133,790 bitcoins. The offshore perpetual futures funding rate has also indicated market caution, failing to stabilize at neutral levels for the past 69 days.

Analysts anticipate that the anticipated tariff announcement will have a lasting impact on the market's directional flow. They predict that April will be a month of heightened volatility, with Bitcoin's price navigating a range between $75,000 and $88,000. This range-bound movement is expected to be influenced by potential unexpected responses and negotiations throughout the month.

The high correlation between stock markets and Bitcoin is also expected to play a significant role in the cryptocurrency's price movements. As tariffs could impact stock markets, Bitcoin is likely to follow suit, adding to the overall market volatility. Analysts predict that the market will remain cautious, with potential for significant price swings as the month progresses.