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Bitcoin is showing signs of strength as the United States and China ease trade tensions, slashing tariffs by more than 100%. This shift has drawn attention back to Bitcoin, which held firm during April’s market volatility. While stocks like the S&P 500 and Nasdaq dipped, Bitcoin surged from $75,000 to nearly $95,000, marking a 27% gain. Analysts now suggest it may be acting more like a digital form of gold, offering protection in times of uncertainty.
BREAKING: 🇺🇸🇨🇳 United States cuts tariffs on Chinese goods from 145% to 30% for 90 days.
— Watcher.Guru (@WatcherGuru) May 12, 2025
China lowers tariffs on US from 125% to 10% for 90 days. pic.twitter.com/FaRJfZA1hu
Some even speculate that Bitcoin’s stability came from nations using it to bypass economic strain caused by tariffs. Still, popular trader Daan Crypto believes the real test starts now. With global markets calming, Bitcoin’s next move will show whether it thrives only in turmoil or is gaining lasting value in a balanced economy. All signs point to growing investor confidence and a possible bullish phase ahead.
Key Bitcoin Levels To Watch – May 11
BTCUSD is currently in a bullish trend, with price trading above the 9-day SMA (Simple Moving Average) and making higher highs and higher lows. The recent breakout above $99,810 and successful retest near $96,000 confirms bullish momentum.
Price is now approaching resistance around $108,390, which could act as a short-term barrier. If bulls maintain control, the next major target lies near $115,000.
BTCUSD Key Levels
Resistance Levels: $108,400, $115,000, $125,000
Support Levels: $95,980, $85,010, $74,420
Bitcoin METRICS
Total Market Capitalisation: $3.37T
Bitcoin Market Capitalisation: $2 06T
Bitcoin Volume: $54.29B
Market Rank: #1
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