$ETH ---
đ Bitcoin Breakout! BTC Nears $100K Amid Trade Optimism & ETF Surge
BTC/USD hits $94K â a 6-week high, fueled by macro optimism, ETF demand, and technical breakout momentum.
Why is BTC Rising? Letâs break it down:
đ Geopolitical Easing:
Trump's softened stance on China tariffs sparks a risk-on rally. Treasury Secretary Scott Bessent called the tariff standoff âunsustainable,â hinting at de-escalation. Trump followed up with suggestions of tariff relief.
đ ETF Mania:
Bitcoin ETFs saw $1.32B in weekly inflows, including a massive $936M on April 22 â the biggest daily surge since Trump's return to office.
đĄïž Regulatory Boost:
Paul Atkins, the new SEC Commissioner, a known crypto bull, pledges to build âclear & principledâ crypto regulation â another green light for bulls.
đ Technical Breakout:
BTC has smashed:
â 50 & 200 SMA
â Multi-month falling trendline
â Psychological $90K
Now targeting:
⥠$100K (key psychological level)
đŻ $105K, then $109.5K ATH
BTC Performance:
24h: +6%
7d: +12%
Since Apr 7 low ($74.4K): +20%
đȘ Altcoin Rally:
ETH: +10%
BNB: +2%
XRP: +7%
SOL: +9%
Support Levels:
Immediate: $90K, 100 SMA
Strong: $88.5K (200 SMA)
Key Reversal: $85K â eyes on $80K
TL;DR:
Bitcoin bulls are back in charge. With macro winds, ETF inflows, and technicals aligning, $100K BTC could be just a heartbeat away.
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