$BTC is currently trading around $103,423, after reaching an intraday high of $104,546 and a low of $101,065. The recent volatility is attributed to profit-taking and anticipation of inflation data in the United States, expected today.

Key factors:

US-China tariffs: Despite the announcement of a temporary reduction in tariffs between the United States and China, Bitcoin quickly gave back initial gains, indicating investor caution.

Correlation with traditional markets: Bitcoin shows a strong correlation with the S&P 500, behaving increasingly like a risky asset rather than a safe haven.

Technical indicators: Despite the recent correction, some analysts highlight bullish signals, such as higher lows and sustained volumes, suggesting a possible recovery of the upward trend.

Outlook:

Forecasts indicate a potential growth of Bitcoin up to $114,000 by mid-May, supported by strong institutional interest and favorable macroeconomic conditions.