Bitcoin Surges 1.2% to $84,612 Amid U.S.-China Trade Tensions

Bitcoin's price surged past $84,600 as tensions between the U.S. and China intensified following the imposition of cumulative tariffs of up to 245% on certain Chinese imports by the Trump administration. The new tariffs, which include both existing and new levies, particularly target goods like electric vehicles and medical syringes, which already faced 100% tariffs under the Biden administration. The 245% tariff figure initially caused confusion, but the White House clarified that it encompasses both existing and new tariffs.

The new 145% tariffs, added to existing ones, are aimed at sectors deemed critical to U.S. economic and national security interests. A 20% levy specifically targets fentanyl-related imports, which the administration has labeled a "non-negotiable priority." The targeted sectors include electric vehicles, medical devices, and high-tech materials. President Trump has made it clear that the U.S. will not back down, stating that "the ball is in China’s court" and that the tariffs will remain in place unless Beijing agrees to a deal.

China responded swiftly to the U.S. tariffs by imposing 125% tariffs on American exports and filing a case with the World Trade Organization. Additionally, China tightened export controls on rare earth elements such as gallium and germanium, which are critical to defense, semiconductors, and electric vehicles. China's Ministry of Commerce described the U.S. actions as "irrational" and warned of "firm countermeasures" if Washington escalates further. These retaliatory moves have spooked markets, raising concerns about a broader global slowdown. The export restrictions could impact aerospace and auto supply chains, semiconductor and military technology, and clean energy manufacturing.

As traditional markets react to the escalating trade war, Bitcoin (BTC) is gaining attention as a potential hedge against geopolitical risk. Currently trading around $84,612, BTC is holding above the key ascending trendline and the 50-period Exponential Moving Average (EMA) at $84,146. The resistance level is at $85,500, and a confirmed breakout above this could trigger momentum toward $87,400. The support zone is at $83,879, and a breakdown below this risks invalidating the uptrend. The Relative Strength Index (RSI) of 14 is neutral to slightly bullish, indicating room for further upside if volume increases. Historically, Bitcoin has rallied during times of macro stress, and a sustained breakout above $85,500 could indicate a move toward multi-week highs. The current structure remains bullish, but volume confirmation is key.

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