why #bitcoin could hit 100k soon?🎁🔥⭐🚀💻💰💵
Bitcoin outperforms stocks & Gold in April.
Hopes of US- China trade war de-escalation aid sentiment.
Spot BTC ETF demand soars with near-record inflows last week.
Strategy purchases exceed supply.
BTC worth $4.7 billion is pulled from exchanges this week.
BTC/USD tests 95k resistance.
Bitcoin consolidates around 95k, having rallied 11.2% last week in a move that saw BTC rise above its 200 SMA. The cryptocurrency outperformed US equities and Gold last week and also across April. The S&P 500 has fallen 1.5% this month, Gold gained 6%, while Bitcoin surged 15% in April, supported by sustained BTC ETF inflows, corporate buying and positive comments surrounding US regulation. So, is a move to 100 coming?
Broad market sentiment is being aided by the White House's statement that President Trump was considering some concessions in his automotive tariffs to cushion their impact on the US economy. This comes after the Trump administration and China appeared to soften their stance last week, spurring hopes of a de-escalation in the US-China trade war.