Recently very shaky risk assets — crypto among them — are attempting a rally on Tuesday, perhaps. buoyed by chatter that Donald Trump’s tariffs won’t be as stringent as feared.

In early afternoon U.S. action, bitcoin (BTC) had climbed to just above $85,000, ahead 2.1% over the past 24 hours. Previously really roughed up crypto majors like ether (ETH), dogecoin (DOGE) and cardano (ADA) had put in gains of roughly twice that amount.

Crypto stocks are also performing well, with bitcoin miners Core Scientific (CORZ) and CleanSpark (CLSK) jumping almost 10% on the day. Strategy (MSTR) is up 5.4% and Coinbase (COIN) 2.1%.

U.S. stocks reversed early session losses to turn higher as well, with the Nasdaq now ahead just shy of 1% for the day.

The action comes ahead of the Trump administration’s so-called “Liberation Day” tariff rollout set for tomorrow after the close of U.S. trading.

Hope?

A report from NBC News suggested the market’s most feared option — blanket 20% tariffs across the board — is “less likely” to be the direction taken by the White House. Instead, according to the report, a “tiered system” of different rates or country-by-country rates could be announced.

Also maybe helping is what appears to be the first acknowledgement that the administration is aware of the market tumult resulting from all the tariff chatter. Speaking today at her daily briefing, White House Press Secretary Karoline Leavitt said that there were legitimate concerns about market swings.

Meanwhile, Israel’s Minister of Finance Bezalel Smotrich announced on Tuesday that a process had been launched to get rid of tariffs on U.S. imports in that country.

Technical expert Tony Severino has warned that the Bitcoin and altcoins Fischer Transform indicator has flipped bearish for the first time since 2021. The analyst also revealed the implications of this development and how exactly it could impact these crypto assets. 

Bitcoin And Altcoins Fischer Transform Indicator Turns Bearish

In an X post, Severino revealed that the total crypto market cap 12-week Fisher Transform has flipped bearish for the first time since December 2021. Before then, the indicator had flipped bearish in January 2018. In 2021 and 2018, the total crypto market cap dropped 66% and 82%, respectively. This provides a bearish outlook for Bitcoin and altcoins, suggesting they could suffer a massive crash soon enough. 

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In another X post, the technical expert revealed that Bitcoin’s 12-week Fischer Transform has also flipped bearish. Severino noted that this indicator converts prices into a Gaussian normal distribution to smooth out price data and filter out noise. In the process, it helps generate clear signals that help pinpoint major market turning points. 

Severino asserted that this indicator on the 12-week timeframe has never missed a top or bottom call, indicating that Bitcoin and altcoins may have indeed topped out. The expert has been warning for a while now that the Bitcoin top might be in and that a massive crash could be on the horizon for the flagship crypto.

He recently alluded to the Elliott Wave Theory and market cycles to explain why he is no longer bullish on Bitcoin and altcoins. He also highlighted other indicators, such as the Parabolic SAR (Stop and Reverse) and Average Directional Index (ADX), to show that BTC’s bullish momentum is fading. The expert also warned that a sell signal could send BTC into a Supertrend DownTrend, with the flagship crypto dropping to as low as $22,000. 

A Different Perspective For BTC

Crypto analyst Kevin Capital has provided a different perspective on Bitcoin’s price action. While noting that BTC is in a correctional phase, he affirmed that it will soon be over. Kevin Capital claimed that the question is not whether this phase will end. Instead, it is about how strong Bitcoin’s bounce will be and whether the flagship crypto will make new highs or record a lackluster lower high followed by a bear market. 

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The analyst added that Bitcoin’s price action when that time comes will also be trackable using other methods, such as money flow, macro fundamentals, and overall spot volume. The major focus is on the macro fundamentals as market participants look forward to Donald Trump’s much-anticipated reciprocal tariffs, which will be announced tomorrow. 

At the time of writing, the Bitcoin price is trading at around $83,000, up around 1% in the last 24 hours, according to data from CoinMarketCap.

Featured image from Unsplash, chart from Tradingview.com

A closely followed crypto strategist believes that the native asset of a layer-2 scaling solution could witness an over 3x rally this year.

Pseudonymous analyst Inmortal tells his 231,000 followers on the social media platform X that he’s bullish on Mantle (MNT), noting that he believes the altcoin has already printed a 2025 bottom at around $0.6.

According to the trader, a 279% rally for MNT this year is a high-probability scenario.

“Starting to feel like bottom is in.

Big players have been buying over the last few weeks, and it shows.

$3 in 2025 is very likely, high-conviction play for me.”

Based on the trader’s chart, he seems to predict that MNT will surge to $1.30 in the coming months.

At time of writing, MNT is worth $0.79.

Turning to Bitcoin, the trader unveils a potential path for BTC to print a durable bottom this year. According to Inmortal, BTC could temporarily drop below $70,000 before igniting the next stage of the bull market en route to a new all-time high of $135,000.

“They will try to shake you out, but this is the bottom.

Save the tweet.

BTC.”

At time of writing, BTC is trading for $82,374.

As for Ethereum, Inmortal predicts that the price of ETH may plummet below $1,500 before sparking a short-term rally toward $2,000.

“Expansions lead to retraces. Retraces lead to bounces.

Bounce soon.”

At time of writing, ETH is trading at $1,822.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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