#BTCRebound The price of Bitcoin is approaching a breakout as the easing of tensions in the trade war and the deterioration of the U.S. bond market drive investor optimism. Wall Street is recovering strongly, while analysts forecast the next move for BTC amid macroeconomic uncertainty.
U.S. stocks rise as market sentiment shifts
On Friday, April 11, U.S. stock markets rebounded after a volatile week marked by inflation fears and escalating trade tensions between the United States and China.
The S&P 500 rose by 1.81%,
The Nasdaq Composite closed the day up 2.0%.
The Dow Jones Industrial Average gained more than 1.5%.
The recovery was partly driven by a solid earnings report from JPMorgan Chase, which posted an EPS of $5.07 on $45.31 billion in revenue, exceeding analysts' expectations. However, JPMorgan CEO Jamie Dimon warned of "considerable turbulence" due to ongoing macroeconomic instability.
Meanwhile, gold rose above $3,200, reaching a record high as investors sought safe-haven assets.
Bitcoin tests $84,000 as the market anticipates a reversal
Bitcoin (BTC) briefly surpassed $84,000 before closing near $83,796, with an increase of over 4.5% in 24 hours. Despite recent volatility, BTC remains resilient in the face of economic and political uncertainty.
The tariff impasse between the United States and China remains a key factor in the market. President Trump recently suspended most global tariffs for 90 days while increasing levies on Chinese products to 145%, prompting Beijing to respond with tariffs of 125% on the ,