Bitcoin approaches the 100,000 USD mark as Trump softens his stance on China

Bitcoin has risen to the sky, reaching the milestone of 94,000 USD – the highest in 6 weeks – marking an impressive recovery from the short term bottom of 74,400 USD recorded on April 7th. This strong recovery is driven by a combination of several positive macro factors and market sentiment shifting to a higher risk state.

1. Risk sentiment is boosted by the easing of US-China trade tensions. The focus of the market this week is the news that President Trump may soften his stance on China on the issue of tariffs. Treasury Secretary Scott Bessent called the tariff standoff with China "unsustainable" and hinted at a de-escalation. Trump also hinted that the administration could reduce tariffs on China — a clear signal of easing. This information immediately boosts global market sentiment, causing risky assets such as stocks and cryptocurrencies to rise to the sky. The US stock market is also forecasted to open up more than 2%.
2. Bitcoin rise to the sky kèm theo dòng tiền khổng lồ vào ETF At the same time, the market also recorded a strong influx of money into Bitcoin ETF funds. The total net inflow in the past week reached 1.32 billion USD, with 936.43 million USD recorded on April 22 alone – the highest level since Mr. Trump took office. This indicates that institutional investors are actively buying in, boosting the price increase.
3. Technical analysis: Bitcoin breaks out of the downtrend, surpassing the 200-day SMA. From a technical perspective, Bitcoin has broken through a multi-month downtrend line and surpassed key resistance levels including the 50 SMA, 200 SMA, and the 90,000 USD area. Currently, the RSI has crossed above 50 – indicating that upward momentum remains strong. The next resistance zone is the psychological level of 100,000 USD, and if surpassed, it will open up room to 105,000 USD and further to the historical peak of 109,500 USD. In contrast, the near support zone is $90,000 and the 100-days moving average. Below that, the 200-day SMA at $88,500 serves as key support. If the $85,000 level is broken, the short-term upward momentum may be reversed, and the price may return to the $80,000 region.
4. Not only Bitcoin – Altcoin is also on the rise The recovery is not limited to Bitcoin. Ethereum has risen by 10% in the past 24 hours, BNB has increased by 2%, XRP has gone up by 7%, and Solana has also surged by 9%. This reflects a broadly positive sentiment in the cryptocurrency market.
5. Positive signals from the SEC – a long-term supporting factor The appointment of Mr. Paul Atkins – a strong supporter of cryptocurrency – as an SEC Commissioner is also an important turning point. Mr. Atkins stated that the top priority will be to build a clear, reasonable, and principle-based legal framework – this is what the market has long awaited. Summary Bitcoin is being supported by a series of favorable factors: positive macroeconomic conditions, a softer monetary policy, strong ETF capital flows, and technical breakouts of important resistance. If the upward momentum continues and surpasses the 100,000 USD mark, the market could be heading towards a new growth cycle with record highs.