Bitcoin (BTC) price surged to $78,300 on April 9 as concerns over a possible trade war and stock market instability continued to affect the market. Data from Cointelegraph Markets Pro and TradingView indicated that BTC/USD was at risk of dropping to a five-month low below $75,000 before recovering during the New York trading session. The ongoing US-China trade tensions led to a volatile stock market, causing Bitcoin to lose the $80,000 mark. Unprecedented market behavior followed US tariff announcements, with the S&P 500 experiencing record-breaking intraday reversals. The Kobeissi Letter highlighted the extreme market sensitivity to statements from President Donald Trump, leading to erratic price movements. The Crypto Fear & Greed Index also dropped to its lowest levels since early March, indicating heightened market uncertainty. Analysts like Keith Alan expressed caution amid the turbulent market conditions, with some assets presenting buying opportunities despite the overall uncertainty. Meanwhile, trader Rekt Capital identified a resistance level between $82,000 and $85,000 based on CME Group’s Bitcoin futures chart, suggesting a downward continuation towards a potential range of $71,000 to $83,000. As per Cointelegraph’s analysis, there is a consensus among experts for a possible long-term reversal point at around $70,000. This article provides insights into the current market situation and does not offer investment advice. Investors are advised to conduct thorough research before making any trading decisions.