BTC to $90K? Andrew Kang’s $200M Bet and Trump’s Tariff Pause Fuel the Hype

Bitcoin is back in the spotlight after Mechanism Capital founder Andrew Kang made a bold move, doubling down on a massive $200 million long position. Onchain data reveals that Kang recently added another $100 million bet on BTC, anticipating a significant upswing. The timing isn’t random; his latest position came shortly after a Truth Social post from Donald Trump urging, “THIS IS A GREAT TIME TO BUY!!! DJT.” With markets hanging on every political and macroeconomic twist, Kang’s move is being seen as a high-conviction play that Bitcoin’s recent dip could soon reverse.

Trump’s Comments, Tariff Confusion, and the Rise of the “Trump Put”

Kang’s timing aligns with a sudden softening in Trump’s trade stance. Just hours after the former president’s post, the administration paused its global tariff hike for 90 days, triggering a rally in both stocks and crypto. The idea of a “Trump put”, a belief that Trump will step in to support the markets, is gaining traction among traders. Kang even referenced this in a tweet, calling the trade war pullback and Trump’s influence “the perfect combination” for Bitcoin to bounce back after months of bearish pressure. It’s a mix of market psychology and politics, and for now, traders seem willing to follow the signal.

Political Scrutiny and Bitcoin’s Jittery Price Action

But it’s not all smooth sailing. Trump’s posts and policy shifts have drawn political fire, with Senate Democrats calling for an SEC investigation into possible insider trading. Meanwhile, Bitcoin itself has been choppy, dropping to $83,197 before recovering toward $85,000, all within a day. Conflicting statements about tariff exemptions are keeping traders on edge. With volatility in full swing and major players making bold bets, the stage is set for a deeper dive into the technical picture.

BTC Price Action Analysis of April 14th, 2025

The BTC price traded within a well-defined range on the 5-minute chart, fluctuating between the resistance zone near $85,000 and the support area around $83,000. Early BTC price action displayed a descending channel that broke near the support zone, followed by a bullish reversal and a clear formation of an ascending channel. This price behavior reflects short-term consolidation amid intraday volatility. A sharp spike was observed near $03:00 UTC, briefly breaching resistance before pulling back, indicative of liquidity hunting or stop-loss triggers. However, the failure to hold above the resistance suggests weakened buying momentum.

Chart 1, Analyzed by Alokkp0608, published on April 14th, 2025

The RSI oscillated frequently between oversold and overbought territories, highlighting strong intraday volatility. Notably, the indicator marked several overbought zones aligned with local tops and oversold zones near price dips, reinforcing RSI’s effectiveness in this short timeframe. The MACD showed multiple golden crosses and death crosses, reflecting the choppy yet reactive market sentiment. Golden crosses around 14:30 and 02:30 led to short-term bullish moves, while death crosses after 16:00 and 04:30 coincided with declines. The market remains sensitive to micro-trends within this range, and these oscillators emphasize a lack of clear directional conviction. 

Bitcoin Holds Steady, but Big Moves May Be Brewing

The BTC price is holding its ground for now, but the pressure is building. With Andrew Kang’s massive $200M long position and surprise Trump’s tariff pause, momentum is quietly shifting. Still, BTC hasn’t broken out just yet; it’s stuck between key resistance around $85,000 and support near $83,000. Short-term signals like RSI and MACD show plenty of intraday noise but no clear trend. Traders are watching closely, and so far, the market’s been more cautious than confident. If bulls manage to push past $85K with conviction, we could finally see new key levels. Until then, Bitcoin’s next big move might just be a headline, or a candle, away.