Bulls Regain Control: $100

Thousand Target for Bitcoin on the Horizon

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Bullish options strategies for Bitcoin (BTC) have resurfaced, contributing to the stabilization of a key sentiment index that had shown clear panic signals earlier last week.

The value of Bitcoin rose to over $84,000, after having recorded less than $75,000 last week. This recovery comes at a time when chaos in the bond market is said to have prompted U.S. President Donald Trump to reverse tariffs just days after announcing comprehensive import duties on several countries, including China.

Late Friday, the Trump administration issued new guidance exempting key technology products like smartphones from a 125% tariff on China and a 10% global baseline tax. However, Trump later that day denied those reports, indicating that there would be no exemption from the tariffs.

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