Why is $BTC price up today?

Key takeaways:

Bitcoin is up alongside global risk markets following signs of easing US-China trade tensions.

Bitcoin ETFs attract $1.29 billion in daily inflows.

Short-term Bitcoin holders are back in profit.

A classic bullish reversal pattern is in play.

Bitcoin

BTCUSD

has risen 6.80% in the last 24 hours to reach $94,510 on April 23, its highest level in almost two months.