Bitcoin at 50-Week SMA as China Suspends US Tariffs
Bitcoin is trading around its 50-week simple moving average near $102,900—a level that triggered three prior rallies since 2023. The move coincides with China’s one-year suspension of its 24% retaliatory tariff on US goods (keeping a 10% levy) covering key agricultural exports, following high-level talks between Presidents Xi and Trump and US sanctions rollbacks.
Easing China–US trade tensions has lifted market risk appetite, potentially supporting Bitcoin’s bullish momentum if it rebounds from the 50-week SMA. However, recent corporate selling—demonstrated by Sequans Communications offloading BTC to retire debt—introduces supply-side pressure. Traders will monitor whether improved macro sentiment outweighs renewed selling to drive Bitcoin higher.
Bullish
Bitcoin trading near its 50-week SMA—a proven support level generating three rallies since 2023—combined with China’s suspension of 24% US tariffs has eased a major source of market uncertainty and boosted risk appetite. This confluence of technical strength and improved macro sentiment supports a bullish outlook, as a rebound from the 50-week SMA could trigger further upside. Although corporate selling by Sequans Communications adds short-term supply pressure, the positive impact of eased China–US trade tensions and rising market risk tolerance is likely to outweigh selling risks, underpinning Bitcoin’s near-term and long-term upward momentum.