Bitcoin Surges to $95K Amid Driven by Hope for the Potential Resolution of the US-China Tariff Spat, Bitcoin (BTC) has surged from $80,000 to $95,000 starting on April 20. The market valuation of cryptocurrencies rose by $280 billion due to this movement. Investors are increasingly sceptical about a possible accord between US President Donald Trump and Chinese President Xi Jinping, despite the US currency’s depreciation and Bitcoin’s price stagnation.
BTC Price Rally Faces Resistance at $95K
The price of Bitcoin has reached $ 95,000, thereby sustaining the significant upward trend that began in April. However, questions about the widely anticipated trade agreement between Trump and Xi are mounting. Senior Correspondent Charles Gasparino of FOX notes that big investors are growing increasingly wary of the market recovery driven by hopes of a tariff deal. He pointed out that the lack of development on trade agreements with other nations, including India, raises questions over the schedule for a settlement with China, which is vital for the US economy.
US Dollar Weakens, Gold and Bitcoin Prices Rise
The US dollar has dropped among erratic bond and stock markets. This has created a situation in which alternative assets, such as Bitcoin, are attracting interest. Analyst Mike Zaccardi noted that the US dollar is starting to show one of its worst starts to the year since 1962, which forces investors to seek alternatives, including gold and Bitcoin.
Along with Bitcoin, which has begun to surge once again following months of sideways movement, gold has also performed well in 2025. Although most people view Bitcoin as a real asset, also recognised as an inflation hedge, and “uncorrelated, offering a defence against difficult economic times
Foreign central banks are shifting their investments away from US dollars and US Treasuries toward gold, according to Axel Merk, founder of Axel Merk Investments. This pattern suggests a decline in confidence in the dollar, implying that gold may become more critical in the global financial system.
Bitcoin Technical Analysis: Short-Term Price Action and Key Resistance Levels
At $94,150, Bitcoin’s price is presently up 0.62%. Notwithstanding this, momentum indicators such as the Relative Strength Index (RSI) and Awesome Oscillator (AO) show a bearish divergence, suggesting that a correction may not be far off. This difference aligns with rising uncertainty about the Trump-Xi trade agreement and may prepare the ground for a possible price retreat.
Regarding price levels, Bitcoin may move toward a significant reversal zone spanning $ 97,100 to $ 98,100. This spectrum aligns with the past supply zone from February 2021, which saw prices drop significantly to $ 78,000. With $83.7K being the most significant volume traded level, Bitcoin would suffer a severe reversal to the support range between $88.4K and $81K should it fail to break through this resistance zone.
However, if investor sentiment shifts toward Bitcoin, BTC might surpass its current resistance level and move above $ 102,500, the next major obstacle. More investors are choosing Bitcoin as a preferred asset, given around $3 billion in spot Bitcoin ETF inflows in the previous week.
Bitcoin’s Long-Term Potential
Particularly considering the declining US dollar and the rising demand for alternative assets, Bitcoin is increasingly regarded as a secure haven in times of economic instability. With behavior, investor behavior may continue to rise and potentially even surpass $ 102.5k all-time. If its popularity continues to grow as a store of value, it may eventually exceed $120,000.
