$BTC 🪙⚡️Bitcoin is coming in strong! After closing out its best week since January, traders are already dreaming of $90,000 on the horizon. 🌄 The reason? An explosive mix of falling Treasury yields, temporary tariff exemptions, and a renewed appetite for risky assets. Are you ready for takeoff? 🚀
During the session on Monday, April 14, 10-year U.S. Treasury bonds fell to 4.40%, while the 2-year bond fell to 3.88% 📉. All this after the Trump administration announced tariff exemptions for tech products such as smartphones and chips—albeit with a small asterisk: they are temporary ⏳. The idea is to give companies a break to relocate their production, but the market took it as a sign of relief... at least for now. 🤚🏻
⚡️Meanwhile, Bitcoin (BTC) rebounded strongly from $74,500 to touch $86,100, gaining 15% in just 4 days. ⚡ Is a bullish avalanche coming? Some say yes, but with caution.
Let's look at some key points:
✅️Low yields = more love for risky assets like BTC ❤️
✅️The exemptions could boost investor appetite, but the trade war is still there... lurking like a bear in a cave 🐻
✅️US inflation fell to 2.4% annually in March (from 2.8%), which may somewhat cool the BTC inflation-safe haven narrative ❄️
👉🏻On the technical side, data from Material Indicators indicates that BTC remains strong above its 50-weekly moving average and quarterly open at $82,500. But beware: there are heavy resistances between $88,000 and $92,000 that could slow the momentum. Spoofy, that mysterious entity that moves bids like chess pieces, could be preparing a surprise there... ♟️
And to top it all off, analysis by Joao Wedson (Alphractal) suggests that the gap between the spot and perpetual markets on Binance is closing—a historic sign of a trend reversal. If that gap turns positive, prepare for more fire! 🔥
📌Sources: Cointelegraph, The Block, Material Indicators analysis, Alphractal via X (Twitter)
🤔Do you think Bitcoin will break above $90,000 this week, or are we in for a lull before the next push?🔥💥⚡️🚀
Leave me your 👍 and opinion in the comments, I want to read them!
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Let's break the algorithm together!💥🔥⚡️🚀
