Investing.com – Bitcoin was slightly higher in range-bound trading on Wednesday, as investors sought clarity on impending U.S. trade tariffs amid fears the recent rise could be a “bull trap”.The world’s largest cryptocurrency advanced $87,284.50 by 01:15 ET (05:15 GMT)Bitcoin faces resistance; investors seek clarity on tariffsMarket participants cautiously await President Donald Trump’s planned reciprocal tariffs set to commence on April 2, targeting specific U.S. trading partners. Initially, broad levies were anticipated; however, recent reports suggest a more selective approach, focusing on countries with significant trade imbalances with the U.S.The cryptocurrency market’s sensitivity to geopolitical developments has been evident, with Bitcoin’s price movements closely linked to news on trade policies. For instance, Bitcoin had jumped above $88,500 at the start of the week after media reports suggested expectations of a measured approach by Trump while imposing fresh tariffs.However, analysts believe that  Bitcoin faces potential resistance around the $90,000 level, and investors fear that this recent rise could be a “bull trap”.A bull trap is a false signal where the price briefly rises, making investors believe an uptrend is starting, but then quickly drops, leading to losses for those who bought in.GameStop adds Bitcoin to its treasury reserves; shares surge 8% GameStop Corp ’s (NYSE:GME) board on Tuesday approved the company’s investment policy to include Bitcoin as a treasury reserve asset. This strategic move allows GameStop to allocate a portion of its cash holdings or future financing proceeds into Bitcoin, although the company has not specified a maximum investment limit