Bitcoin price has climbed sharply to $96,500 following confirmation that China and the United States will resume formal trade negotiations this week. This marks the first direct engagement between both governments since President Donald Trump returned to office in January and introduced new tariffs on Chinese goods.
Crypto markets responded immediately after the announcement. Bitcoin price rose by more than $1,700 within 10 minutes, while other cryptocurrencies also recorded gains.
XRP price has increased by 1% to $2.15, Cardano price rose 3% to $0.679, and Dogecoin price climbed 1.5% to $0.1721. Analysts attributed the rise to growing investor confidence that tensions between the two economic powers may ease.
China Confirms Restart of US Trade Talks
US and Chinese trade officials are set to meet in Switzerland later this week. The discussions aim to reopen formal economic dialogue after months of growing tariff disputes. Both nations released official statements confirming the meeting.
US Treasury Secretary Scott Bessent and US Trade Representative Jamieson Greer will lead the American delegation. China’s Ministry of Foreign Affairs announced that Vice Premier He Lifeng will represent Beijing. He serves as the lead official for China-US trade relations.
“The Vice Premier will hold a meeting with US Treasury Secretary Scott Bessent to discuss trade issues,” said a spokesperson from China’s Foreign Ministry. The US Trade Representative’s office also confirmed that Greer will meet his Chinese counterpart to continue discussions on trade-related matters.
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The price of Bitcoin (BTC) has blasted past the resistance level at $80,000 after US President Donald Trump announced a 90-day pause on his reciprocal tariff measures. The price of the coin has faced series of rejection at this point following the trade war escalation with China.
BTC Price Soar on Reciprocal Tariff Pause
At the time of writing, the price of Bitcoin was changing hands for $81,318.29, up by more than 6.18% in the past 24 hours. This rebound followed an earlier tease in which President Trump asked to buy the dip in hopes, a statement that proved speculative earlier today.
Like Bitcoin, top altcoins are also in a rebound mode, with Ethereum (ETH) skyrocketing 9.2% to $1,589.81. XRP rallied past the $2 resistance point after gaining 13.26% in 24 hours. Cardano, Solana, and Dogecoin have also staged impressive rebounds as of writing with gains of 10.2%, 12.83%, and 9.6%, respectively.
While it remains uncertain whether this uptick will last long, the general market trend is trailing the rebound mode. Stock futures are also lifted as off-writing, with optimism surrounding risk-on assets.
Is The Tariff War Finally Over?
The full context of the US-China trade war shows that President Trump only postponed full implementation for about 75 countries that have opened negotiations with the US. The reciprocal tariff announced on April 2 was lowered to 10% alongside the 90-day pause.
However, China was exempted from this latest concession. Instead, President Donald Trump increased the tariff on goods from China to 125%, effective immediately. The President highlighted that the goal is for China to stop ripping the US off.
Meanwhile, China has chosen to stand up to the United States in the tariff war. Over the past few days, China has announced a counter tariff on the U.S, a move economists warn might cripple both economies.
Although BTC price has recovered, these trade headwinds remain a major one to watch out for.
Market Shifts Focus from Trade War
The trade war between the US and China has masked the hype surrounding other key events in the crypto ecosystem. This week, the first XRP ETF leverage product outshone Solana as it went live on NYSE Arca. Dubbed the 2X Daily Long XRP ETF, the leveraged product saw a substantial $5 million inflow at its debut.
In addition, Solana developers are innovating with the introduction of Confidential Balances and Open Relayer. Ethereum Pectra upgrade remains in view while the Bitcoin price correlation with the mainstream stock market is thinning out.
These events will likely fuel a sustained reversal of the negative trend recorded in the past few weeks.
PumpFun tokens show renewed strength after a prolonged correction, with activity on the platform accelerating again. Daily token launches have consistently held above 30,000 per day over the past few weeks, and weekly volume has surged back above $1 billion since April 7.
In the last few weeks, three tokens—Alchemist AI (ALCH), FARTCOIN, and AI Rig Complex (ARC)—have emerged as standout performers. Each is riding a wave of momentum into the end of April, backed by strong narratives, technical setups, and growing investor attention.
Alchemist AI (ALCH)
Alchemist AI, a no-code development platform allowing users to build software applications through natural language commands and simple descriptions, has gained significant traction in the market.
Over the past week, ALCH has surged nearly 40%, pushing its market capitalization to $177 million, and is currently one of the biggest PumpFun tokens.
This rally highlights growing interest in user-friendly AI tools and low-code/no-code infrastructure, which are increasingly viewed as the future of accessible software development.
From a technical perspective, ALCH is approaching a key resistance level around $0.229.
If the current momentum continues, a breakout above that zone could propel the token past $0.25 and into new all-time highs.
However, if buying pressure fades and the $0.173 support is lost, a downward move toward $0.132 could follow, potentially extending as low as $0.099 in the event of a sharper correction.
From a technical standpoint, FARTCOIN’s chart remains bullish, with its EMA lines confirming upward momentum as short-term averages stay above the long-term ones.
The token is approaching a critical resistance at $1.20, and a breakout there could lead to a rally toward $1.60.
However, if momentum fades, the first support sits at $0.965, potentially sliding to $0.717 if that level fails to hold.
AI Rig Complex (ARC)
ARC has experienced intense volatility recently, crashing 91% between February and April as part of the broader correction that hit AI agent tokens across the crypto space.
However, momentum has recently shifted, with ARC rebounding nearly 31% in the past seven days.
The project is uniquely positioned at the intersection of two powerful narratives—artificial intelligence and PumpFun tokens—both regaining investor interest. If positive sentiment continues to build, this dual exposure could serve as a strong tailwind for the token.
ARC drives Rig, an open-source framework that allows developers to build modular, portable, and lightweight crypto AI agents.
If the current bullish momentum holds, ARC could soon test the resistance at $0.056 and potentially target $0.071 and $0.083 in extension.
However, the $0.048 and $0.043 levels will be key supports if buying interest fades. A breakdown below those could trigger a deeper pullback, with $0.034 as the next major downside target.
Bitcoin (BTC) enters the second week of May trading in a fragile but critical zone, with conflicting technical signals and growing macro uncertainty shaping short-term expectations. While the ADX from the Directional Movement Index is rising, bearish pressure still dominates, and momentum remains weak across multiple indicators.
Although the price continues to hold above the $92,900 support level, weakening EMAs and the looming FOMC meeting leave Bitcoin’s $100,000 recovery path uncertain, but not out of reach.
BTC Trend Strength Rises, but Bears Still in Control
Bitcoin’s Directional Movement Index (DMI) is showing a notable shift.
The ADX, which measures the strength of a trend regardless of direction, has climbed sharply to 25.93, up from 15.97 just two days ago—crossing the key 25 threshold that signals a trend is starting to gain traction.
This rising ADX suggests that volatility is returning and a new directional move may be forming, even if the direction itself is still unclear.
Looking at the components of the DMI, +DI (bullish strength) has bounced to 12.2, up slightly from yesterday’s low of 8.67 but still down significantly from 21.31 three days ago.
Meanwhile, -DI (bearish strength) is at 19.17, slightly off its peak of 25.44 but still higher than three days ago. This indicates that although the recent bearish momentum has cooled somewhat, sellers still have the upper hand.
With ADX rising and -DI leading, Bitcoin could remain under pressure unless +DI recovers sharply in the coming days.
Bitcoin Trapped Below the Cloud as Momentum Stalls
The current Ichimoku Cloud chart for Bitcoin reflects a market in consolidation, with a slight bearish undertone. Price action is sitting very close to the blue Kijun-sen (baseline), which typically represents medium-term trend momentum.
Trading beneath this line suggests that BTC lacks the strength to reclaim bullish momentum in the short term. The white candlesticks hovering near the cloud’s lower boundary indicate indecision among traders, with no clear breakout in sight.
The green Kumo (cloud) itself is relatively thin at this stage, hinting at a fragile support zone that could easily be broken if bearish pressure returns.
Looking ahead, the red Senkou Span B—the top of the projected cloud—is acting as dynamic resistance, capping any upward attempts. For a stronger bullish signal, BTC would need to close decisively above both the Kijun-sen and the entire cloud.
Complicating matters further, the Tenkan-sen (conversion line) is flat and overlapping with the Kijun-sen, signaling weak momentum and a lack of direction. Flat Tenkan and Kijun lines often precede sideways movement or delayed trend development.
Until Bitcoin breaks convincingly above the cloud with rising volume, the current setup leans neutral to bearish, with price trapped in a zone of low conviction and limited momentum.
Bitcoin Holds Key Support as $100,000 Reclaim Hangs in the Balance
Bitcoin price has remained resilient above the $90,000 level since April 22, repeatedly holding support near $92,945 despite broader market uncertainty. The exponential moving averages (EMAs) still reflect a bullish structure, with short-term averages positioned above long-term ones.
However, there are early signs of weakening momentum, as the short-term EMAs have begun to slope downward—an indication that buyers may be losing strength soon.
If BTC fails to hold its key support, a drop toward $88,839 could follow, breaking the structure that has held for over two weeks.
Still, some analysts remain confident. Nick Purin, founder of The Coin Bureau, believes Bitcoin is well-positioned to reclaim the $100,000 mark, even as markets brace for volatility surrounding the upcoming FOMC meeting:
“It will be a volatile week. Firstly, we have the FOMC meeting tomorrow. While it’s pretty clear there will be no rate cuts, it’s what Chair Powell says that could move the markets. On top of that, trading volume is low and the long/short ratio is sitting at 50/50, which means that, yet again, BTC can swing in either direction from here. The good news is that there’s a great deal of buying interest around the $90,000-$93,000 range, so a dip to those levels is nothing to be concerned about – it will likely bounce back. And overall, the BTC/USD chart is looking strong as it continues to print higher lows.” – Purin told BeInCrypto.
Nick states how Fed next decisions could influence the market in the next months:
“If the Fed surprises with some dovish tones as well as guidance for rate cuts in June, there’s room for Bitcoin to rally all the way back up to that $100,000 level, which remains a liquidity magnet. But even if Powell strikes a hawkish tone, the impact on BTC will likely be minimal. There’s simply too much positive momentum – spot BTC ETFs are hoovering up assets, corporates are building up BTC treasuries and the correlation between Bitcoin and stocks is breaking down. On top of this, historic data shows that BTC has posted gains during nine out of the last 12 Mays. So, despite the likelihood of heightened volatility, the near future is looking promising. As such, following the old adage of ‘sell in May’ would be madness at this point.” – Purin told BeInCrypto.
A recovery in momentum could first drive BTC to retest resistance at $95,657, with a breakout potentially leading to $98,002 and eventually a challenge of the psychological $100,000 level.
With macro headwinds and technical crossroads converging this week, the next move will likely hinge on how BTC responds to its support zone and how broader market sentiment reacts to Fed commentary.
