Bitcoin Price Eyes Breakout as Wall Street Rallies and Global Economic Trends Shift
Bitcoin (BTC) is once again testing key resistance levels, buoyed by positive sentiment in traditional markets and renewed geopolitical developments. As the U.S. stock market rebounds and macroeconomic uncertainty lingers, crypto investors are watching closely for BTC’s next move.
📈 Wall Street rebounds amid improved sentiment .
on Friday April 11 us equities surged follow a week of turbulence driven by inflation concerned and escalating trades tension between us and china .
S & P 500 climed 1.81%
Nasdaq composite closed 2.0% Higher .
dow jo es industry average rose by over 1.5%
The rebounds came as jp morgan chase reported Strong then expected earnings posting $5.07 EPS on $45.31 billion in revenge . beating analysis forecast however CEO jamie dimon cautious that market should brace for considerable turbulence ahead driven by global macroeconomics instabilities .
At the same time, gold prices soared past $3,200, hitting new all-time highs, signaling rising investor demand for safe-haven assets in uncertain times.
💹 Bitcoin Tests $84,000 as Traders Monitor Market Shift
Bitcoin price briefly broke above $84,000, peaking at $84,150 before pulling back slightly to trade around $83,796, up more than 4.5% in 24 hours.
Despite broader market volatility, BTC continues to show resilience, emerging as a hedge in times of economic and political instability.
The latest Bitcoin rally comes as U.S.-China trade tensions escalate once again:
The U.S. administration has paused most global tariffs for 90 days
Simultaneously, tariffs on Chinese goods were increased to 145%
China retaliated with 125% tariffs on U.S. imports
